Deckers Outdoor (NYSE:DECK) Price Target Increased to $232.00 by Analysts at UBS Group

Deckers Outdoor (NYSE:DECK) had its price objective upped by UBS Group from $226.00 to $232.00 in a research note published on Friday, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

A number of other analysts have also weighed in on the stock. 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. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a research report on Thursday, October 17th. Barclays boosted their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday. Telsey Advisory Group increased their target price on Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Robert W. Baird boosted their price target on Deckers Outdoor from $180.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.50.

Deckers Outdoor Stock Performance

DECK stock opened at $168.15 on Friday. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 5.74, a PEG ratio of 2.85 and a beta of 1.05. The firm has a 50 day moving average price of $105.11 and a 200-day moving average price of $53.18. Deckers Outdoor has a 52-week low of $80.67 and a 52-week high of $184.48.

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

Insider Activity

In related news, 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 transaction of $1,533,030.66. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction 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 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 through this hyperlink. Also, Director David Powers sold 140,832 shares of the business’s stock in a transaction 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 directly 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 disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Financial Advocates Investment Management grew its stake in shares of Deckers Outdoor by 536.0% during the 3rd quarter. Financial Advocates Investment Management now owns 2,684 shares of the textile maker’s stock valued at $428,000 after acquiring an additional 2,262 shares during the period. JFS Wealth Advisors LLC raised its stake in Deckers Outdoor by 466.7% during the 3rd quarter. JFS Wealth Advisors LLC now owns 476 shares of the textile maker’s stock worth $76,000 after acquiring an additional 392 shares during the period. Diversify Wealth Management LLC lifted its holdings in Deckers Outdoor by 525.6% during the third quarter. Diversify Wealth Management LLC now owns 5,011 shares of the textile maker’s stock valued at $756,000 after purchasing an additional 4,210 shares in the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of Deckers Outdoor by 572.4% in the third quarter. First Trust Direct Indexing L.P. now owns 4,317 shares of the textile maker’s stock worth $688,000 after purchasing an additional 3,675 shares during the period. Finally, New York State Teachers Retirement System increased its stake in shares of Deckers Outdoor by 457.0% in the third quarter. New York State Teachers Retirement System now owns 159,133 shares of the textile maker’s stock worth $25,374,000 after purchasing an additional 130,565 shares in 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.