Deckers Outdoor (NYSE:DECK) Given New $232.00 Price Target at UBS Group

Deckers Outdoor (NYSE:DECK) had its price target lifted by equities researchers at UBS Group from $226.00 to $232.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. UBS Group’s price objective would suggest a potential upside of 38.00% from the company’s current price.

DECK has been the subject of several other reports. Telsey Advisory Group increased their price objective on Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday. Piper Sandler set a $166.00 price objective on Deckers Outdoor in a research note on Thursday, October 17th. Seaport Res Ptn downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. TD Cowen increased their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Guggenheim assumed coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating for the company. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.50.

Deckers Outdoor Trading Up 10.6 %

DECK stock traded up $16.07 during trading on Friday, reaching $168.11. 8,390,023 shares of the stock were exchanged, compared to its average volume of 2,269,569. The firm’s 50 day moving average is $102.28 and its 200 day moving average is $52.18. Deckers Outdoor has a twelve month low of $80.67 and a twelve month high of $184.48. The firm has a market cap of $4.28 billion, a P/E ratio of 5.74, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.20 billion. During the same period in the prior year, the business earned $1.14 EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, analysts predict 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 firm’s 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Steven J. Fasching sold 9,198 shares of the firm’s 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Powers sold 140,832 shares of the firm’s stock in a transaction 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. The trade was 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 owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently made changes to their positions in DECK. AMF Tjanstepension AB raised its position in shares of Deckers Outdoor by 495.7% in the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock worth $151,924,000 after buying an additional 792,849 shares in the last quarter. abrdn plc raised its position in Deckers Outdoor by 568.7% during the third quarter. abrdn plc now owns 794,095 shares of the textile maker’s stock valued at $126,992,000 after purchasing an additional 675,347 shares in the last quarter. Vanguard Group Inc. raised its position in Deckers Outdoor by 18.9% during the first quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock valued at $2,751,448,000 after purchasing an additional 464,020 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Deckers Outdoor by 650.1% during the third quarter. Wedge Capital Management L L P NC now owns 304,354 shares of the textile maker’s stock valued at $48,529,000 after purchasing an additional 263,779 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Deckers Outdoor by 663.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 214,592 shares of the textile maker’s stock valued at $34,217,000 after purchasing an additional 186,483 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

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.