Deckers Outdoor (NYSE:DECK) Price Target Raised to $195.00 at Robert W. Baird

Deckers Outdoor (NYSE:DECK) had its price target boosted by Robert W. Baird from $180.00 to $195.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an outperform rating on the textile maker’s stock.

DECK has been the topic of a number of other research reports. Evercore ISI raised their price target on Deckers Outdoor from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Barclays decreased their target price on Deckers Outdoor from $1,090.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. 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. Telsey Advisory Group reissued an “outperform” rating and issued a $183.00 price objective on shares of Deckers Outdoor in a research note on Friday, October 18th. Finally, UBS Group upped their target price on shares of Deckers Outdoor from $225.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $149.50.

Deckers Outdoor Trading Up 10.6 %

NYSE DECK opened at $168.15 on Friday. The stock has a market cap of $4.28 billion, a PE ratio of 5.74, a P/E/G ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a twelve month low of $80.67 and a twelve month high of $184.48. The stock has a fifty day simple moving average of $105.11 and a 200-day simple moving average of $53.18.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $1.14 earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. Research analysts predict that Deckers Outdoor will post 5.22 EPS for the current year.

Insider Activity

In related news, Director David Powers sold 140,832 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $58,756,760.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven J. Fasching sold 9,198 shares of the business’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 value of $1,533,030.66. Following the completion of the transaction, the chief financial officer now directly owns 161,838 shares in the company, valued at approximately $26,973,539.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its stake in shares of 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 worth $27,000 after acquiring an additional 23 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. Crewe Advisors LLC acquired a new position in Deckers Outdoor during the 2nd quarter worth approximately $34,000. GHP Investment Advisors Inc. purchased a new position in shares of Deckers Outdoor during the 3rd quarter worth approximately $36,000. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 246 shares of the textile maker’s stock valued at $39,000 after buying an additional 205 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.