Deckers Outdoor (NYSE:DECK) Price Target Raised to $230.00 at Truist Financial

Deckers Outdoor (NYSE:DECK) had its price objective boosted by Truist Financial from $205.00 to $230.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

Other research analysts also recently issued reports about the company. Piper Sandler set a $166.00 price objective on Deckers Outdoor in a research note on Thursday, October 17th. UBS Group upped their price objective on Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Seaport Res Ptn downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Barclays upped their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, KeyCorp upped their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.00.

Deckers Outdoor Trading Up 0.5 %

DECK stock opened at $202.85 on Tuesday. The firm has a market cap of $30.82 billion, a P/E ratio of 35.67, a P/E/G ratio of 2.83 and a beta of 1.08. Deckers Outdoor has a 12-month low of $108.65 and a 12-month high of $205.35. The stock’s 50 day simple moving average is $169.75 and its 200 day simple moving average is $83.16.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. On average, research analysts forecast that Deckers Outdoor will post 5.48 EPS for the current fiscal year.

Insider Activity

In other news, insider Angela Ogbechie sold 1,278 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the sale, the insider now directly owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Anne Spangenberg sold 3,882 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $723,721.26. Following the sale, the insider now directly 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 disclosure for this sale can be found here. Insiders sold a total of 210,492 shares of company stock worth $15,590,797 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers lifted its stake in Deckers Outdoor by 360.9% in the 1st quarter. Cetera Investment Advisers now owns 5,075 shares of the textile maker’s stock worth $4,777,000 after acquiring an additional 3,974 shares in the last quarter. Cetera Advisors LLC lifted its stake in Deckers Outdoor by 135.5% in the 1st quarter. Cetera Advisors LLC now owns 1,858 shares of the textile maker’s stock worth $1,749,000 after acquiring an additional 1,069 shares in the last quarter. GAMMA Investing LLC lifted its stake in Deckers Outdoor by 18.8% in the 2nd quarter. GAMMA Investing LLC now owns 272 shares of the textile maker’s stock worth $263,000 after acquiring an additional 43 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Deckers Outdoor by 28.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 116 shares of the textile maker’s stock worth $112,000 after acquiring an additional 26 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in Deckers Outdoor in the 2nd quarter worth about $260,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

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.