UBS Group Increases Deckers Outdoor (NYSE:DECK) Price Target to $284.00

Deckers Outdoor (NYSE:DECK) had its price target lifted by investment analysts at UBS Group from $267.00 to $284.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. UBS Group’s target price would indicate a potential upside of 56.46% from the company’s current price.

A number of other research firms have also recently issued reports on DECK. Wells Fargo & Company lowered their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday. Evercore ISI increased their target price on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Truist Financial decreased their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday. Bank of America raised their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Friday. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Stock Down 18.6 %

DECK stock traded down $41.60 during midday trading on Friday, reaching $181.51. The stock had a trading volume of 11,014,326 shares, compared to its average volume of 2,246,512. Deckers Outdoor has a twelve month low of $125.15 and a twelve month high of $223.98. The firm has a market cap of $27.58 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 2.41 and a beta of 1.08. The business has a fifty day simple moving average of $206.19 and a two-hundred day simple moving average of $135.05.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. On average, equities analysts predict that Deckers Outdoor will post 5.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Steven J. Fasching sold 8,802 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $175.00, for a total value of $1,540,350.00. Following the transaction, the chief financial officer now owns 153,036 shares in the company, valued at approximately $26,781,300. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,758 shares of company stock worth $13,506,861. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter worth about $31,000. Solstein Capital LLC grew its holdings in shares of Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. grew its holdings in shares of Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares during the last quarter. 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.