Deckers Outdoor (NYSE:DECK) PT Raised to $190.00

Deckers Outdoor (NYSE:DECK) had its target price raised by Barclays from $180.00 to $190.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective suggests a potential upside of 13.02% from the stock’s current price.

Several other brokerages have also recently weighed in on DECK. StockNews.com cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Wedbush restated an “outperform” rating and set a $28.61 price objective on shares of Deckers Outdoor in a research report on Friday, July 26th. Piper Sandler set a $166.00 price objective on shares of Deckers Outdoor in a research note on Thursday, October 17th. Seaport Res Ptn lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, Robert W. Baird lifted their price target on shares of Deckers Outdoor from $180.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average price target of $149.50.

Deckers Outdoor Trading Up 10.6 %

DECK stock opened at $168.11 on Friday. The firm’s 50-day moving average is $105.11 and its two-hundred day moving average is $53.38. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 5.74, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a 52 week low of $80.67 and a 52 week high of $184.48.

Deckers Outdoor (NYSE:DECK) last announced 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. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 earnings per share. On average, equities research analysts predict that Deckers Outdoor will post 5.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the transaction, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the transaction, the chief financial officer now owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Powers sold 140,832 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the transaction, the director now owns 2,450,808 shares in the company, valued at approximately $58,756,760.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DECK. Whittier Trust Co. of Nevada Inc. grew its holdings in Deckers Outdoor by 460.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 23 shares during the last quarter. Crewe Advisors LLC acquired a new position in Deckers Outdoor in the 2nd quarter valued at $34,000. EntryPoint Capital LLC raised its holdings in Deckers Outdoor by 256.3% in the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after acquiring an additional 41 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Deckers Outdoor during the 2nd quarter worth $63,000. Finally, Gladius Capital Management LP bought a new stake in Deckers Outdoor during the second quarter valued at about $67,000. 97.79% of the stock is owned by institutional investors.

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.