UBS Group Raises Deckers Outdoor (NYSE:DECK) Price Target to $284.00

Deckers Outdoor (NYSE:DECK - Free Report) had its price target boosted by UBS Group from $267.00 to $284.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the textile maker's stock.

Several other research firms have also issued reports on DECK. Robert W. Baird increased their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Truist Financial reduced their target price on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating on the stock in a report on Friday. Needham & Company LLC reissued a "buy" rating and set a $246.00 price target on shares of Deckers Outdoor in a report on Friday. Stifel Nicolaus raised their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the company a "hold" rating in a research note on Friday. Finally, KeyCorp increased their target price on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $197.41.

Deckers Outdoor Price Performance

Deckers Outdoor stock traded down $1.06 during mid-day trading on Friday, reaching $169.57. 5,843,364 shares of the company were exchanged, compared to its average volume of 2,808,990. The company has a fifty day simple moving average of $204.88 and a 200-day simple moving average of $139.73. The firm has a market cap of $25.76 billion, a PE ratio of 27.49, a PEG ratio of 1.85 and a beta of 1.07. Deckers Outdoor has a 12 month low of $131.39 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping 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%. Sell-side analysts anticipate that Deckers Outdoor will post 5.92 earnings per share for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, insider Thomas Garcia sold 18,000 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now owns 63,642 shares of the company's stock, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the sale, the chief executive officer now owns 259,266 shares of the company's stock, valued at approximately $54,015,478.44. The trade was 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 valued at $13,506,861 over the last ninety days. 0.40% of the stock is owned by company insiders.

Institutional Trading of Deckers Outdoor

Large investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC boosted its stake in Deckers Outdoor by 507.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker's stock worth $120,436,000 after acquiring an additional 495,364 shares in the last quarter. Todd Asset Management LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter valued at about $31,154,000. Coyle Financial Counsel LLC boosted its position in shares of Deckers Outdoor by 500.2% during the 4th quarter. Coyle Financial Counsel LLC now owns 4,862 shares of the textile maker's stock worth $987,000 after purchasing an additional 4,052 shares in the last quarter. BankPlus Trust Department acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $82,000. Finally, Crestwood Advisors Group LLC increased its position in Deckers Outdoor by 4.6% in the 4th quarter. Crestwood Advisors Group LLC now owns 3,097 shares of the textile maker's stock valued at $629,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

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.