By otakuyassine3@gmail.com 
Deckers Outdoor (NYSE:DECK – Free Report) had its target price increased by UBS Group from $267.00 to $284.00 in a research note published on Friday,Benzinga reports. UBS Group currently has a buy rating on the textile maker’s stock.
DECK has been the topic of several other reports. KeyCorp increased their target price on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Jefferies Financial Group increased their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research note on Thursday, October 17th. 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. Finally, Stifel Nicolaus boosted their price objective on Deckers Outdoor from $181.00 to $185.00 and gave the stock a “hold” rating in a research report on Friday. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average price target of $197.41.
Get Our Latest Stock Analysis on Deckers Outdoor
Deckers Outdoor Stock Performance
Shares of NYSE:DECK opened at $177.85 on Friday. The company’s fifty day moving average is $205.90 and its two-hundred day moving average is $136.11. Deckers Outdoor has a 1-year low of $125.15 and a 1-year high of $223.98. The stock has a market capitalization of $27.02 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08.
Deckers Outdoor (NYSE:DECK – Get Free Report) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that Deckers Outdoor will post 5.62 EPS for the current fiscal year.
Insiders Place Their Bets
In other Deckers Outdoor news, insider Anne Spangenberg sold 3,882 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $186.43, for a total value of $723,721.26. Following the transaction, the insider now owns 67,434 shares of the company’s stock, valued at approximately $12,571,720.62. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the chief financial officer now directly owns 153,036 shares of the company’s stock, valued at approximately $26,781,300. This represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,758 shares of company stock worth $13,506,861. 0.40% of the stock is owned by corporate insiders.
Institutional Trading of Deckers Outdoor
Several institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after acquiring an additional 1,170,855 shares during the period. City Center Advisors LLC acquired a new stake in Deckers Outdoor during the 4th quarter valued at $575,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Deckers Outdoor by 506.7% in the third quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock valued at $1,060,000 after purchasing an additional 5,574 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Deckers Outdoor by 512.9% during the third quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after buying an additional 332,590 shares in the last quarter. Finally, Cadent Capital Advisors LLC raised its position in Deckers Outdoor by 116.8% during the fourth quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock valued at $1,316,000 after buying an additional 3,491 shares during the period. 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.
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