Deckers Outdoor (NYSE:DECK) Price Target Raised to $235.00 at Evercore ISI

Deckers Outdoor (NYSE:DECK) had its price target boosted by Evercore ISI from $195.00 to $235.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the textile maker’s stock.

Several other equities analysts also recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a report on Friday, October 25th. Robert W. Baird lifted their target price on Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Wells Fargo & Company increased their price target on Deckers Outdoor from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Seaport Res Ptn lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.12.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $207.84 on Thursday. The stock has a market cap of $31.58 billion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 2.87 and a beta of 1.08. Deckers Outdoor has a one year low of $114.11 and a one year high of $214.70. The business’s 50-day simple moving average is $194.31 and its 200 day simple moving average is $115.66.

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

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of the transaction, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This represents a 2.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction dated Thursday, October 31st. The shares were 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 directly owns 29,628 shares in the company, valued at $4,836,474.72. This represents a 4.14 % decrease in their position. 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

Several hedge funds have recently made changes to their positions in DECK. Ashton Thomas Private Wealth LLC bought a new position in Deckers Outdoor in the second quarter valued at $63,000. Solstein Capital LLC grew its position in shares of Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc increased its position in Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after buying an additional 146 shares during the period. Inspire Advisors LLC bought a new position in Deckers Outdoor during the second quarter worth about $202,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the period. 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.