Barclays Forecasts Strong Price Appreciation for Deckers Outdoor (NYSE:DECK) Stock

Deckers Outdoor (NYSE:DECK) had its target price raised by analysts at Barclays from $190.00 to $231.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. Barclays‘s price target would suggest a potential upside of 3.59% from the company’s previous close.

Several other research firms have also issued reports on DECK. BTIG Research lowered Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Citigroup raised their price target on shares of Deckers Outdoor from $178.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Bank of America boosted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial raised their target price on shares of Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Robert W. Baird increased their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and an average price target of $195.00.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $223.00 on Friday. The stock has a market cap of $33.88 billion, a price-to-earnings ratio of 39.22, a P/E/G ratio of 2.41 and a beta of 1.08. The company has a 50 day moving average of $206.19 and a 200-day moving average of $135.05. Deckers Outdoor has a one year low of $125.15 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. Equities research analysts anticipate that Deckers Outdoor will post 5.62 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the sale, the insider now directly owns 63,642 shares in the company, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Caroti Stefano sold 15,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.73, for a total value of $2,635,950.00. Following the sale, the chief executive officer now directly owns 273,540 shares in the company, valued at $48,069,184.20. This represents a 5.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,758 shares of company stock worth $13,506,861 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Deckers Outdoor by 2.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock worth $889,000 after acquiring an additional 23 shares during the period. Resonant Capital Advisors LLC lifted its stake in Deckers Outdoor by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock worth $489,000 after purchasing an additional 52 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of 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 purchasing an additional 54 shares in the last quarter. Mather Group LLC. increased 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. Finally, WD Rutherford LLC lifted its position in shares of Deckers Outdoor by 4.8% during the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock worth $352,000 after buying an additional 79 shares during the last quarter. 97.79% of the stock is currently 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.