Brokerages Set Deckers Outdoor Co. (NYSE:DECK) Price Target at $149.50

Deckers Outdoor Co. (NYSE:DECK) has received an average rating of “Moderate Buy” from the eighteen research firms that are currently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $149.50.

Several equities analysts recently issued reports on DECK shares. Robert W. Baird boosted their target price on shares of Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research note on Thursday, October 17th. Telsey Advisory Group raised their target price on Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. UBS Group upped their price target on Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Wedbush reissued an “outperform” rating and issued a $28.61 price objective on shares of Deckers Outdoor in a report on Friday, July 26th.

Deckers Outdoor Stock Performance

Shares of DECK opened at $164.77 on Thursday. The business’s 50-day moving average is $127.23 and its two-hundred day moving average is $61.33. The company has a market capitalization of $25.03 billion, a P/E ratio of 28.96, a P/E/G ratio of 2.21 and a beta of 1.05. Deckers Outdoor has a fifty-two week low of $100.72 and a fifty-two week high of $184.48.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $1.14 earnings per share. Deckers Outdoor’s revenue for the quarter was up 20.1% compared to the same quarter last year. Analysts forecast that Deckers Outdoor will post 5.51 EPS for the current year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the transaction, the insider now owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the transaction, the insider now directly owns 29,628 shares in the company, valued at $4,836,474.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Powers sold 140,832 shares of Deckers Outdoor stock in a transaction on Friday, September 6th. The shares were sold at an average price of $23.97, for a total value of $3,376,368.96. Following the completion of the sale, the director now directly owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 151,308 shares of company stock worth $5,118,020. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several hedge funds have recently made changes to their positions in DECK. Solstein Capital LLC increased its stake in Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after buying an additional 135 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after acquiring an additional 23 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after acquiring an additional 200 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Deckers Outdoor during the second quarter worth $34,000. Finally, Rakuten Securities Inc. boosted its holdings in Deckers Outdoor by 397.7% in the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

About Deckers Outdoor

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.