Bank of America Increases Deckers Outdoor (NYSE:DECK) Price Target to $182.00

Deckers Outdoor (NYSE:DECK) had its price objective boosted by analysts at Bank of America from $170.00 to $182.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. Bank of America‘s price target would suggest a potential upside of 8.26% from the company’s previous close.

DECK has been the topic of several other research reports. Wells Fargo & Company lowered their target price on shares of Deckers Outdoor from $1,000.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Monday, September 23rd. TD Cowen upped their price objective on shares of Deckers Outdoor from $176.00 to $178.00 and gave the company a “buy” rating in a research note on Monday, October 14th. UBS Group raised 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. Robert W. Baird upped their price target on Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Wedbush reiterated an “outperform” rating and set a $28.61 price objective on shares of Deckers Outdoor in a research report on Friday, July 26th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.50.

Deckers Outdoor Stock Up 10.6 %

DECK opened at $168.11 on Friday. The company has a market cap of $4.28 billion, a PE ratio of 5.74, a price-to-earnings-growth 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 company has a 50-day moving average price of $105.11 and a 200 day moving average price of $53.38.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion during 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 business’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 earnings per share. As a group, sell-side analysts expect that Deckers Outdoor will post 5.22 earnings per share for the current year.

Insider Activity

In related news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor 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 sale, the chief financial officer now owns 161,838 shares in the company, valued at approximately $26,973,539.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the sale, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the transaction, the chief financial officer now directly owns 161,838 shares of the company’s stock, 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. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds have recently added to or reduced their stakes in DECK. Sunbelt Securities Inc. increased its position in shares of Deckers Outdoor by 958.3% during the first quarter. Sunbelt Securities Inc. now owns 254 shares of the textile maker’s stock worth $239,000 after acquiring an additional 230 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Deckers Outdoor by 477.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the textile maker’s stock worth $4,596,000 after purchasing an additional 4,037 shares during the period. Fox Hill Wealth Management acquired a new stake in Deckers Outdoor in the 1st quarter valued at about $282,000. New Mexico Educational Retirement Board boosted its stake in shares of Deckers Outdoor by 7.4% in the 1st quarter. New Mexico Educational Retirement Board now owns 5,800 shares of the textile maker’s stock valued at $5,459,000 after buying an additional 400 shares during the period. Finally, State of Michigan Retirement System grew its position in shares of Deckers Outdoor by 10.4% during the first quarter. State of Michigan Retirement System now owns 8,300 shares of the textile maker’s stock worth $7,812,000 after buying an additional 784 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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.