Deckers Outdoor (NYSE:DECK) Given New $195.00 Price Target at Robert W. Baird

Deckers Outdoor (NYSE:DECK) had its target price increased by analysts at Robert W. Baird from $180.00 to $195.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the textile maker’s stock. Robert W. Baird’s target price points to a potential upside of 28.19% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Barclays dropped their price target on shares of Deckers Outdoor from $1,090.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Stifel Nicolaus reduced their price target on shares of Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating on the stock in a research report on Tuesday, September 17th. Piper Sandler set a $166.00 price objective on Deckers Outdoor in a report on Thursday, October 17th. Finally, Guggenheim assumed coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They set a “neutral” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $124.90.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $152.12 on Friday. The firm’s fifty day moving average price is $102.28 and its 200 day moving average price is $52.18. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 5.19, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a 12-month low of $80.67 and a 12-month high of $184.48.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.22 by $0.37. 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 for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The company’s revenue was up 20.1% compared to the same quarter last year. Analysts forecast that Deckers Outdoor will post 5.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 161,838 shares in the company, valued at approximately $26,973,539.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the completion of the transaction, 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 is accessible through the SEC website. Also, Director David Powers sold 140,832 shares of the firm’s stock in a transaction that occurred 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 approximately $58,756,760.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors have recently bought and sold shares of the stock. abrdn plc raised its position in shares of Deckers Outdoor by 568.7% during the 3rd quarter. abrdn plc now owns 794,095 shares of the textile maker’s stock worth $126,992,000 after buying an additional 675,347 shares in the last quarter. Smith Group Asset Management LLC raised its holdings in Deckers Outdoor by 1,100.0% during the third quarter. Smith Group Asset Management LLC now owns 7,560 shares of the textile maker’s stock worth $1,205,000 after purchasing an additional 6,930 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Deckers Outdoor by 442.4% during the third quarter. Nisa Investment Advisors LLC now owns 70,610 shares of the textile maker’s stock worth $11,259,000 after purchasing an additional 57,592 shares in the last quarter. Inscription Capital LLC bought a new position in Deckers Outdoor during the 3rd quarter valued at $214,000. Finally, Semanteon Capital Management LP acquired a new position in shares of Deckers Outdoor during the 3rd quarter valued at $561,000. Institutional investors and hedge funds 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.