Deckers Outdoor (NYSE:DECK) Price Target Raised to $190.00

Deckers Outdoor (NYSE:DECK) had its target price increased by KeyCorp from $180.00 to $190.00 in a research note released on Friday, Benzinga reports. KeyCorp currently has an overweight rating on the textile maker’s stock.

A number of other equities research analysts have also weighed in on the company. Telsey Advisory Group lifted 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. Guggenheim assumed coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating for the company. Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a report on Friday. Finally, StockNews.com downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.50.

Deckers Outdoor Stock Up 10.6 %

Shares of Deckers Outdoor stock opened at $168.11 on Friday. Deckers Outdoor has a 52 week low of $80.67 and a 52 week high of $184.48. The company has a market capitalization 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. The stock’s fifty day moving average is $105.11 and its two-hundred day moving average is $53.60.

Deckers Outdoor (NYSE:DECK) last posted its quarterly 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 company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 EPS. As a group, research analysts anticipate that Deckers Outdoor will post 5.22 earnings per share for the current year.

Insider Activity

In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the business’s stock in a transaction that occurred on 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 owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was 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 owns 161,838 shares in the company, valued at $26,973,539.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $3,376,368.96. Following the sale, the director now owns 2,450,808 shares in the company, valued at approximately $58,756,760.24. 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 Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. increased its holdings in Deckers Outdoor by 460.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after buying an additional 23 shares during the period. Crewe Advisors LLC acquired a new stake in Deckers Outdoor during the 2nd quarter valued at approximately $34,000. EntryPoint Capital LLC boosted its holdings in shares of Deckers Outdoor by 256.3% in the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 41 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Deckers Outdoor in the second quarter worth $63,000. Finally, Gladius Capital Management LP purchased a new position in shares of Deckers Outdoor during the second quarter worth $67,000. 97.79% of the stock is currently owned by hedge funds and other 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.