Brokerages Set Deckers Outdoor Co. (NYSE:DECK) Price Target at $153.53

Shares of Deckers Outdoor Co. (NYSE:DECK) have earned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $153.53.

Several brokerages recently commented on DECK. Needham & Company LLC began coverage on Deckers Outdoor in a report on Friday, November 22nd. They issued a “buy” rating and a $218.00 target price on the stock. Guggenheim started coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating for the company. TD Cowen boosted their target price on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a research report on Thursday, October 17th. Finally, Barclays boosted their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 25th.

Deckers Outdoor Stock Performance

DECK stock opened at $196.07 on Monday. The company has a market capitalization of $29.79 billion, a P/E ratio of 34.48, a PEG ratio of 2.69 and a beta of 1.05. The company has a fifty day moving average price of $167.83 and a 200-day moving average price of $79.88. Deckers Outdoor has a 52-week low of $108.65 and a 52-week high of $198.08.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (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 business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $1.14 EPS. Deckers Outdoor’s revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Deckers Outdoor will post 5.48 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other news, Director David Powers sold 140,832 shares of the company’s 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 owns 2,450,808 shares in the company, valued at $58,756,760.24. This represents a 5.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 sale, the insider now owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 210,492 shares of company stock valued at $15,590,797 over the last ninety days. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its holdings 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 valued at $27,000 after acquiring an additional 23 shares in the last quarter. Crewe Advisors LLC bought a new position in Deckers Outdoor in the 2nd quarter valued at $34,000. EntryPoint Capital LLC increased its position in shares of Deckers Outdoor by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 41 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Deckers Outdoor during the 2nd quarter worth $63,000. Finally, Gladius Capital Management LP purchased a new position in shares of Deckers Outdoor in the 2nd quarter worth about $67,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

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.