Deckers Outdoor (NYSE:DECK) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Deckers Outdoor (NYSE:DECK) had its price objective upped by Stifel Nicolaus from $181.00 to $185.00 in a report released on Friday,Benzinga reports. The firm currently has a hold rating on the textile maker’s stock.

Several other research firms also recently commented on DECK. Needham & Company LLC reaffirmed a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a report on Friday. Piper Sandler set a $166.00 price objective on Deckers Outdoor in a research note on Thursday, October 17th. Wells Fargo & Company cut their target price on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday. Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a report on Friday. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Price Performance

NYSE:DECK opened at $177.85 on Friday. Deckers Outdoor has a 1 year low of $125.15 and a 1 year high of $223.98. The business has a fifty day simple moving average of $205.90 and a two-hundred day simple moving average of $136.11. The company has a market capitalization of $27.02 billion, a P/E ratio of 31.27, a P/E/G ratio of 2.41 and a beta of 1.08.

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

Insider Transactions at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the sale, the director now owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the transaction, the insider now 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 73,758 shares of company stock worth $13,506,861. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after acquiring an additional 1,170,855 shares during the last quarter. City Center Advisors LLC purchased a new position in Deckers Outdoor during the 4th quarter valued at about $575,000. B. Riley Wealth Advisors Inc. raised its position in Deckers Outdoor by 506.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock valued at $1,060,000 after purchasing an additional 5,574 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Deckers Outdoor by 512.9% in the 3rd quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock worth $63,371,000 after buying an additional 332,590 shares during the period. Finally, Cadent Capital Advisors LLC grew its position in shares of Deckers Outdoor by 116.8% in the 4th quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock worth $1,316,000 after buying an additional 3,491 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.