Deckers Outdoor (NYSE:DECK) Given New $217.00 Price Target at Bank of America

Deckers Outdoor (NYSE:DECK) had its price target raised by Bank of America from $182.00 to $217.00 in a research report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

Several other equities research analysts have also recently weighed in on DECK. Citigroup upped their price objective on shares of Deckers Outdoor from $178.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday. KeyCorp increased their price target on shares of Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Barclays raised their target price on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Evercore ISI boosted their price target on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Nine 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, the company has an average rating of “Moderate Buy” and a consensus target price of $182.20.

Deckers Outdoor Trading Up 1.8 %

NYSE:DECK opened at $218.70 on Thursday. The stock has a 50 day simple moving average of $201.33 and a 200 day simple moving average of $127.75. The stock has a market cap of $33.23 billion, a P/E ratio of 38.46, a PEG ratio of 2.96 and a beta of 1.08. Deckers Outdoor has a 1-year low of $123.33 and a 1-year high of $218.92.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm 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, sell-side analysts forecast that Deckers Outdoor will post 5.56 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the sale, the insider now directly owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 75,036 shares of company stock valued at $13,715,482 in the last quarter. 0.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Deckers Outdoor

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC raised its stake in shares of Deckers Outdoor by 499.2% during the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after acquiring an additional 19,053,113 shares during the last quarter. State Street Corp increased its holdings in Deckers Outdoor by 513.8% during the 3rd quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock valued at $1,049,867,000 after purchasing an additional 5,511,513 shares during the period. Geode Capital Management LLC raised its position in Deckers Outdoor by 509.1% during the 3rd quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock valued at $646,316,000 after purchasing an additional 3,393,420 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after buying an additional 1,170,855 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Deckers Outdoor by 529.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after buying an additional 1,074,263 shares during 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.