Analysts Set Deckers Outdoor Co. (NYSE:DECK) Target Price at $197.41

Shares of Deckers Outdoor Co. (NYSE:DECK) have earned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $197.41.

DECK has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Telsey Advisory Group restated an “outperform” rating and set a $240.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. TD Cowen boosted their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Truist Financial decreased their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Finally, Bank of America boosted their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd.

Insider Buying and Selling

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 completion of the transaction, the insider now owns 67,434 shares in the company, valued at $12,571,720.62. This represents a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Caroti Stefano sold 15,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the transaction, the chief executive officer now owns 273,540 shares of the company’s stock, valued at $48,069,184.20. This trade represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,956 shares of company stock worth $10,387,731. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DECK. Headlands Technologies LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at $29,000. Global Trust Asset Management LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at $31,000. Solstein Capital LLC lifted its position in shares of Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after buying an additional 135 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock valued at $34,000 after buying an additional 120 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its position in shares of Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after buying an additional 146 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of DECK opened at $153.97 on Friday. Deckers Outdoor has a 52-week low of $131.39 and a 52-week high of $223.98. The business’s 50 day moving average price is $200.84 and its two-hundred day moving average price is $144.80. The firm has a market cap of $23.37 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.93 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. Research analysts predict that Deckers Outdoor will post 5.89 EPS for the current fiscal year.

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.