Deckers Outdoor (NYSE:DECK) Price Target Raised to $185.00

Deckers Outdoor (NYSE:DECK - Free Report) had its target price boosted by Stifel Nicolaus from $181.00 to $185.00 in a research note issued to investors on Friday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the textile maker's stock.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird boosted their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Truist Financial cut their price target on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday. Evercore ISI lifted their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an "outperform" rating in a research note on Thursday, January 9th. Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a research note on Friday. Finally, BTIG Research lowered Deckers Outdoor from a "buy" rating to a "neutral" rating in a research report on Tuesday, October 22nd. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of "Moderate Buy" and a consensus price target of $197.41.

Deckers Outdoor Price Performance

DECK stock traded down $1.06 during trading on Friday, reaching $169.57. The company had a trading volume of 5,836,533 shares, compared to its average volume of 2,794,182. The business has a 50 day moving average of $205.90 and a 200 day moving average of $137.68. The company has a market cap of $25.76 billion, a P/E ratio of 27.49, a PEG ratio of 1.85 and a beta of 1.07. Deckers Outdoor has a 52 week low of $131.39 and a 52 week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating analysts' consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Research analysts expect that Deckers Outdoor will post 5.92 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In other news, insider Thomas Garcia sold 18,000 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the sale, the insider now directly owns 63,642 shares in the company, valued at $11,155,169.76. This represents a 22.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,758 shares of company stock worth $13,506,861 in the last ninety days. Insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in Deckers Outdoor by 2.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker's stock worth $889,000 after acquiring an additional 23 shares during the period. Resonant Capital Advisors LLC raised its position in shares of Deckers Outdoor by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock valued at $489,000 after purchasing an additional 52 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Deckers Outdoor by 3.9% during the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock valued at $293,000 after buying an additional 54 shares in the last quarter. Mather Group LLC. boosted its holdings in Deckers Outdoor by 2.6% in the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock worth $521,000 after buying an additional 64 shares during the period. Finally, WD Rutherford LLC increased its stake in Deckers Outdoor by 4.8% in the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock worth $352,000 after buying an additional 79 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.