Deckers Outdoor (NYSE:DECK) Given New $226.00 Price Target at UBS Group

Deckers Outdoor (NYSE:DECK) had its price objective raised by UBS Group from $225.00 to $226.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

DECK has been the topic of several other reports. Truist Financial boosted their price target on Deckers Outdoor from $204.17 to $205.00 and gave the stock a buy rating in a research report on Tuesday, October 8th. StockNews.com lowered Deckers Outdoor from a strong-buy rating to a hold rating in a research report on Wednesday, September 25th. Evercore ISI cut their target price on Deckers Outdoor from $30.83 to $30.56 and set an outperform rating on the stock in a research report on Monday, July 15th. Telsey Advisory Group reaffirmed an outperform rating and issued a $30.56 target price on shares of Deckers Outdoor in a research report on Friday, July 26th. Finally, Seaport Res Ptn lowered Deckers Outdoor from a strong-buy rating to a hold rating in a research report on Monday, October 7th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Deckers Outdoor presently has an average rating of Moderate Buy and an average target price of $77.46.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $161.25 on Wednesday. The stock’s 50 day moving average price is $78.30 and its 200 day moving average price is $44.01. The firm has a market capitalization of $4.10 billion, a PE ratio of 5.51, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a one year low of $80.67 and a one year high of $184.48.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $825.30 million for the quarter, compared to analyst estimates of $808.40 million. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. Deckers Outdoor’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS. On average, analysts forecast that Deckers Outdoor will post 5.22 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the sale, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at $26,973,539.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director David Powers sold 140,832 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the completion of the transaction, the director now directly owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction on Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the sale, the chief financial officer now directly owns 161,838 shares in the company, valued at $26,973,539.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DECK. ClariVest Asset Management LLC grew its position in Deckers Outdoor by 0.4% in the 2nd quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker’s stock valued at $3,363,000 after buying an additional 14 shares in the last quarter. U S Global Investors Inc. boosted its holdings in shares of Deckers Outdoor by 1.5% in the second quarter. U S Global Investors Inc. now owns 995 shares of the textile maker’s stock valued at $963,000 after acquiring an additional 15 shares in the last quarter. Arkadios Wealth Advisors increased its stake in shares of Deckers Outdoor by 1.4% during the second quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock valued at $1,298,000 after acquiring an additional 19 shares during the period. Sunbelt Securities Inc. raised its holdings in Deckers Outdoor by 7.5% during the second quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock worth $264,000 after purchasing an additional 19 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in 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 worth $393,000 after purchasing an additional 20 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

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.