Deckers Outdoor (NYSE:DECK) Price Target Raised to $215.00 at Citigroup

Deckers Outdoor (NYSE:DECK) had its price target hoisted by Citigroup from $178.00 to $215.00 in a research report report published on Thursday morning,Benzinga reports. Citigroup currently has a neutral rating on the textile maker’s stock.

Several other research analysts also recently commented on the stock. Needham & Company LLC lifted their target price on shares of Deckers Outdoor from $226.00 to $246.00 and gave the stock a “buy” rating in a report on Monday, January 6th. TD Cowen lifted their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Guggenheim started coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating for the company. BTIG Research lowered Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Finally, StockNews.com cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $182.20.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $218.70 on Thursday. The business’s 50-day simple moving average is $201.33 and its 200-day simple moving average is $127.75. Deckers Outdoor has a 52 week low of $123.33 and a 52 week high of $218.92. The firm has a market cap of $33.23 billion, a price-to-earnings ratio of 38.46, a P/E/G ratio of 2.96 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating 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 the consensus estimate of $1.20 billion. During the same quarter last year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. As a group, equities research analysts forecast that Deckers Outdoor will post 5.56 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In other news, insider Thomas Garcia sold 18,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following the sale, the insider now owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $208,620.72. Following the transaction, the insider now directly owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,036 shares of company stock valued at $13,715,482. Corporate insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several large investors have recently added to or reduced their stakes in the company. Global Trust Asset Management LLC bought a new stake in Deckers Outdoor during the 4th quarter worth approximately $31,000. Solstein Capital LLC boosted its stake in Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares in the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Deckers Outdoor by 521.4% during 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 last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake 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 valued at $32,000 after buying an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. raised its holdings in shares of Deckers Outdoor by 397.7% in 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 last quarter. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Company Profile

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.