Deckers Outdoor (NYSE:DECK) Receives Buy Rating from Needham & Company LLC

Deckers Outdoor (NYSE:DECK)‘s stock had its “buy” rating restated by analysts at Needham & Company LLC in a research note issued to investors on Friday,Benzinga reports. They presently have a $246.00 price objective on the textile maker’s stock. Needham & Company LLC’s price objective suggests a potential upside of 10.31% from the stock’s previous close.

A number of other brokerages also recently issued reports on DECK. Guggenheim initiated coverage on shares of Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating for the company. Bank of America lifted 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. TD Cowen increased their target price on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays lifted their price target on Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, UBS Group increased their price objective on Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a report on Friday, October 25th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.58.

Deckers Outdoor Stock Up 1.9 %

Shares of DECK stock opened at $223.00 on Friday. The firm has a 50 day moving average of $206.19 and a two-hundred day moving average of $135.05. The stock has a market capitalization of $33.88 billion, a PE ratio of 39.22, a P/E/G ratio of 2.41 and a beta of 1.08. Deckers Outdoor has a 52 week low of $125.15 and a 52 week 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 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%. Analysts expect that Deckers Outdoor will post 5.62 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

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 transaction 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. This trade represents a 22.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Caroti Stefano sold 15,000 shares of the company’s 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 completion of the sale, the chief executive officer now owns 273,540 shares in the company, valued at approximately $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 a total of 73,758 shares of company stock worth $13,506,861 over the last three months. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Monument Capital Management raised its position in shares of Deckers Outdoor by 0.6% during the 4th quarter. Monument Capital Management now owns 19,106 shares of the textile maker’s stock worth $3,880,000 after purchasing an additional 105 shares during the last quarter. Csenge Advisory Group increased its position in Deckers Outdoor by 51.4% during the fourth quarter. Csenge Advisory Group now owns 3,468 shares of the textile maker’s stock worth $704,000 after buying an additional 1,178 shares in the last quarter. WD Rutherford LLC raised its holdings in shares of Deckers Outdoor by 4.8% in the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock worth $352,000 after acquiring an additional 79 shares during the last quarter. Allworth Financial LP lifted its position in shares of Deckers Outdoor by 8.8% in the fourth quarter. Allworth Financial LP now owns 1,435 shares of the textile maker’s stock valued at $308,000 after acquiring an additional 116 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of Deckers Outdoor by 82.4% during the fourth quarter. Principal Securities Inc. now owns 8,276 shares of the textile maker’s stock valued at $1,681,000 after acquiring an additional 3,739 shares during the last quarter. Institutional investors and hedge funds 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.