Deckers Outdoor (NYSE:DECK) Price Target Raised to $200.00 at Jefferies Financial Group

Deckers Outdoor (NYSE:DECK) had its price objective upped by research analysts at Jefferies Financial Group from $180.00 to $200.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the textile maker’s stock. Jefferies Financial Group’s target price suggests a potential downside of 7.36% from the company’s previous close.

Several other research analysts have also recently commented on DECK. UBS Group raised their target price on shares of Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Needham & Company LLC raised their target price on shares of Deckers Outdoor from $226.00 to $246.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Wells Fargo & Company raised their target price on shares of Deckers Outdoor from $170.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Bank of America raised their target price on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Finally, Robert W. Baird raised their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $183.19.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK traded up $3.98 during trading hours on Tuesday, hitting $215.88. 1,890,251 shares of the company’s stock traded hands, compared to its average volume of 1,665,538. Deckers Outdoor has a 52 week low of $125.15 and a 52 week high of $218.92. The company’s fifty day simple moving average is $203.00 and its two-hundred day simple moving average is $131.17. The company has a market cap of $32.80 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 2.98 and a beta of 1.08.

Insiders Place Their Bets

In related news, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares in the company, valued at $4,836,474.72. This trade represents a 4.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Thomas Garcia sold 18,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now owns 63,642 shares of the company’s stock, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock worth $13,715,482 over the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. increased its position in Deckers Outdoor by 7.5% in the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock valued at $264,000 after acquiring an additional 19 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased 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 valued at $889,000 after acquiring an additional 23 shares in the last quarter. Resonant Capital Advisors LLC increased its position in Deckers Outdoor by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after acquiring an additional 52 shares in the last quarter. Bleakley Financial Group LLC increased its position in Deckers Outdoor by 3.9% in the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock valued at $293,000 after acquiring an additional 54 shares in the last quarter. Finally, Mather Group LLC. boosted its stake in shares of Deckers Outdoor by 2.6% in the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock valued at $521,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds 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.