Deckers Outdoor (NYSE:DECK) Price Target Raised to $246.00 at Needham & Company LLC

Deckers Outdoor (NYSE:DECK) had its price objective upped by investment analysts at Needham & Company LLC from $226.00 to $246.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Needham & Company LLC’s target price would indicate a potential upside of 19.85% from the stock’s previous close.

DECK has been the subject of a number of other research reports. KeyCorp boosted their price target on shares of Deckers Outdoor from $190.00 to $213.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Evercore ISI boosted their target price on shares of Deckers Outdoor from $185.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Seaport Res Ptn cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. TD Cowen boosted their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company raised their target price on Deckers Outdoor from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $159.76.

Deckers Outdoor Trading Down 1.5 %

Shares of NYSE DECK opened at $205.25 on Monday. The firm has a market capitalization of $31.18 billion, a P/E ratio of 36.09, a P/E/G ratio of 2.87 and a beta of 1.08. The firm’s 50-day moving average price is $191.89 and its 200-day moving average price is $113.11. Deckers Outdoor has a 1-year low of $110.00 and a 1-year high of $214.70.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the business earned $1.14 EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. Equities research analysts forecast that Deckers Outdoor will post 5.49 EPS for the current year.

Insider Buying and Selling

In related news, CEO Caroti Stefano sold 14,274 shares of the company’s 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 sale, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $3,155,040.00. Following the completion of the transaction, the insider now owns 63,642 shares of the company’s stock, valued at $11,155,169.76. This represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,036 shares of company stock valued at $13,715,482. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Deckers Outdoor

A number of large investors have recently made changes to their positions in the stock. Solstein Capital LLC increased its holdings in Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after acquiring an additional 135 shares during the period. Bell Investment Advisors Inc increased its holdings in shares of Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Deckers Outdoor by 2,000.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after buying an additional 200 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after buying an additional 175 shares during the period. Finally, GHP Investment Advisors Inc. bought a new position in Deckers Outdoor in the 3rd quarter worth about $36,000. 97.79% of the stock is 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.