Deckers Outdoor (NYSE:DECK) Given New $190.00 Price Target at KeyCorp

Deckers Outdoor (NYSE:DECK) had its price target boosted by KeyCorp from $180.00 to $190.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

A number of other brokerages have also recently commented on DECK. Seaport Res Ptn cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. UBS Group raised their price objective on shares of Deckers Outdoor from $225.00 to $226.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Truist Financial lifted their price objective on shares of Deckers Outdoor from $204.17 to $205.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Bank of America increased their target price on shares of Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Barclays boosted their price target on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.50.

Deckers Outdoor Trading Up 10.6 %

Shares of NYSE:DECK opened at $168.15 on Friday. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 5.74, a PEG ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a 12-month low of $80.67 and a 12-month high of $184.48. The business has a 50-day moving average price of $105.11 and a 200 day moving average price of $53.18.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the business earned $1.14 earnings per share. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, equities research analysts predict that Deckers Outdoor will post 5.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David Powers sold 140,832 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $23.97, for a total value of $3,376,368.96. Following the transaction, the director now directly owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director David Powers sold 140,832 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $23.97, for a total value of $3,376,368.96. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 161,838 shares in the company, valued at approximately $26,973,539.46. The trade was a 0.00 % decrease in their position. 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 added to or reduced their stakes in DECK. ClariVest Asset Management LLC increased its holdings in shares of 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 acquiring an additional 14 shares during the period. U S Global Investors Inc. increased its stake in 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 purchasing an additional 15 shares during the period. Arkadios Wealth Advisors raised its holdings in shares of Deckers Outdoor by 1.4% in the second quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock valued at $1,298,000 after buying an additional 19 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of 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 buying an additional 19 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in Deckers Outdoor by 5.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock valued at $393,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

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.