Deckers Outdoor (NYSE:DECK) Price Target Raised to $230.00 at Truist Financial

Deckers Outdoor (NYSE:DECK) had its price target lifted by Truist Financial from $205.00 to $230.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

A number of other brokerages have also commented on DECK. Needham & Company LLC assumed coverage on Deckers Outdoor in a report on Friday, November 22nd. They set a “buy” rating and a $218.00 price objective on the stock. Wells Fargo & Company increased their price objective on Deckers Outdoor from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Stifel Nicolaus increased their price objective on Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a report on Friday, October 25th. TD Cowen increased their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.00.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $202.85 on Tuesday. Deckers Outdoor has a fifty-two week low of $108.65 and a fifty-two week high of $205.35. The stock’s 50-day moving average is $169.75 and its two-hundred day moving average is $83.16. The firm has a market cap of $30.82 billion, a P/E ratio of 35.67, a PEG ratio of 2.83 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm posted $1.14 EPS. The business’s revenue was up 20.1% compared to the same quarter last year. As a group, research analysts expect that Deckers Outdoor will post 5.48 EPS for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the sale, the insider now owns 29,628 shares in the company, valued at approximately $4,836,474.72. This trade represents a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anne Spangenberg sold 3,882 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $186.43, for a total value of $723,721.26. Following the completion of the sale, the insider now owns 67,434 shares of the company’s stock, valued at $12,571,720.62. This represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 210,492 shares of company stock worth $15,590,797. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of Deckers Outdoor

A number of large investors have recently bought and sold shares of DECK. Cetera Investment Advisers grew its position in Deckers Outdoor by 360.9% in the first quarter. Cetera Investment Advisers now owns 5,075 shares of the textile maker’s stock valued at $4,777,000 after acquiring an additional 3,974 shares during the period. Cetera Advisors LLC grew its position in Deckers Outdoor by 135.5% in the first quarter. Cetera Advisors LLC now owns 1,858 shares of the textile maker’s stock valued at $1,749,000 after acquiring an additional 1,069 shares during the period. GAMMA Investing LLC grew its position in Deckers Outdoor by 18.8% in the second quarter. GAMMA Investing LLC now owns 272 shares of the textile maker’s stock valued at $263,000 after acquiring an additional 43 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Deckers Outdoor by 28.9% in the second quarter. Massmutual Trust Co. FSB ADV now owns 116 shares of the textile maker’s stock valued at $112,000 after acquiring an additional 26 shares during the period. Finally, Kingswood Wealth Advisors LLC bought a new stake in Deckers Outdoor in the second quarter valued at $260,000. 97.79% of the stock is currently owned by institutional investors.

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.