Citigroup Boosts Deckers Outdoor (NYSE:DECK) Price Target to $215.00

Deckers Outdoor (NYSE:DECK) had its price objective boosted by analysts at Citigroup from $178.00 to $215.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. Citigroup’s price objective points to a potential downside of 0.02% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. KeyCorp lifted their price objective on shares of Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Guggenheim initiated coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They set a “neutral” rating on the stock. Stifel Nicolaus raised their price objective on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Finally, StockNews.com lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $179.14.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $215.04 on Thursday. The stock has a market cap of $32.67 billion, a PE ratio of 37.81, a price-to-earnings-growth ratio of 2.96 and a beta of 1.08. The stock has a 50-day moving average of $201.33 and a two-hundred day moving average of $127.75. Deckers Outdoor has a one year low of $123.33 and a one year high of $218.39.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $1.14 EPS. Deckers Outdoor’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, sell-side analysts predict that Deckers Outdoor will post 5.56 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the transaction, the director now owns 10,222 shares of the company’s stock, valued at $2,052,577.60. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the sale, the insider now directly owns 29,628 shares in the company, valued at $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 75,036 shares of company stock valued at $13,715,482 in the last three months. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in DECK. Forsta AP Fonden lifted its stake in shares of Deckers Outdoor by 3.0% in the fourth quarter. Forsta AP Fonden now owns 58,500 shares of the textile maker’s stock worth $11,881,000 after buying an additional 1,700 shares in the last quarter. R Squared Ltd purchased a new position in Deckers Outdoor in the 4th quarter worth approximately $234,000. Revolve Wealth Partners LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $247,000. Lebenthal Global Advisors LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $332,000. Finally, Apexium Financial LP acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at approximately $219,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

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.