Deckers Outdoor (NYSE:DECK) Given New $235.00 Price Target at Evercore ISI

Deckers Outdoor (NYSE:DECK) had its price objective hoisted by equities researchers at Evercore ISI from $195.00 to $235.00 in a research report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the textile maker’s stock. Evercore ISI’s price objective would indicate a potential upside of 13.07% from the company’s previous close.

DECK has been the topic of a number of other research reports. Telsey Advisory Group upped their target price on Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Stifel Nicolaus increased their target price on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Bank of America raised their price target on shares of Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Needham & Company LLC boosted their price target on shares of Deckers Outdoor from $226.00 to $246.00 and gave the company a “buy” rating in a research report on Monday. Finally, KeyCorp boosted their target price on Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average target price of $162.12.

Deckers Outdoor Trading Up 1.3 %

Deckers Outdoor stock traded up $2.74 during midday trading on Thursday, reaching $207.84. 1,630,879 shares of the stock traded hands, compared to its average volume of 1,878,945. The firm has a fifty day moving average price of $193.37 and a two-hundred day moving average price of $115.02. The firm has a market cap of $31.58 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.87 and a beta of 1.08. Deckers Outdoor has a fifty-two week low of $114.11 and a fifty-two week high of $214.70.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the company earned $1.14 earnings per share. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. Analysts anticipate that Deckers Outdoor will post 5.49 earnings per share for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the sale, the chief executive officer now owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % 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, 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 value of $60,240.00. Following the sale, the director now directly owns 10,222 shares in the company, valued at $2,052,577.60. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 75,036 shares of company stock worth $13,715,482. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DECK. Sunbelt Securities Inc. lifted its stake in shares of Deckers Outdoor by 7.5% in the second quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock worth $264,000 after acquiring an additional 19 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Deckers Outdoor by 5.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock valued at $393,000 after purchasing an additional 20 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Deckers Outdoor by 2.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock worth $889,000 after purchasing an additional 23 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Deckers Outdoor by 5.7% in the 2nd quarter. Evergreen Capital Management LLC now owns 497 shares of the textile maker’s stock worth $481,000 after buying an additional 27 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in Deckers Outdoor by 2.6% during the second quarter. Coldstream Capital Management Inc. now owns 1,194 shares of the textile maker’s stock valued at $1,156,000 after buying an additional 30 shares during the period. 97.79% of the stock is owned by 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.