Deckers Outdoor (NYSE:DECK) Given New $232.00 Price Target at UBS Group

Deckers Outdoor (NYSE:DECK) had its price target raised by analysts at UBS Group from $226.00 to $232.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. UBS Group’s target price points to a potential upside of 38.00% from the stock’s previous close.

Several other equities analysts have also recently weighed in on DECK. StockNews.com cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 25th. KeyCorp lifted their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday. BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday. Truist Financial lifted their price objective on Deckers Outdoor from $204.17 to $205.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, TD Cowen lifted their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a report on Friday. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.50.

Deckers Outdoor Stock Up 10.6 %

Shares of NYSE DECK traded up $16.07 during midday trading on Friday, hitting $168.11. 8,390,023 shares of the company’s stock were exchanged, compared to its average volume of 2,269,569. Deckers Outdoor has a 12 month low of $80.67 and a 12 month high of $184.48. The company’s 50 day moving average price is $102.28 and its 200 day moving average price is $52.18. The firm has a market capitalization of $4.28 billion, a PE ratio of 5.74, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.37. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. On average, equities research analysts anticipate that Deckers Outdoor will post 5.22 EPS for the current year.

Insider Buying and Selling

In related news, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the sale, the chief financial officer now owns 161,838 shares in the company, valued at $26,973,539.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the sale, the director now owns 2,450,808 shares in the company, valued at approximately $58,756,760.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the sale, the chief financial officer now owns 161,838 shares in the company, valued at $26,973,539.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors have recently made changes to their positions in the stock. Chevy Chase Trust Holdings LLC lifted its stake in shares of Deckers Outdoor by 285.2% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 17,853 shares of the textile maker’s stock valued at $16,804,000 after purchasing an additional 13,218 shares during the period. Monument Capital Management lifted its stake in shares of Deckers Outdoor by 39.7% in the 1st quarter. Monument Capital Management now owns 3,030 shares of the textile maker’s stock valued at $2,852,000 after purchasing an additional 861 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Deckers Outdoor by 46.2% in the 1st quarter. BNP Paribas Financial Markets now owns 30,263 shares of the textile maker’s stock valued at $28,485,000 after purchasing an additional 9,558 shares during the period. Nordea Investment Management AB lifted its stake in shares of Deckers Outdoor by 3.9% in the 1st quarter. Nordea Investment Management AB now owns 1,823 shares of the textile maker’s stock valued at $1,728,000 after purchasing an additional 68 shares during the period. Finally, Consolidated Portfolio Review Corp acquired a new position in shares of Deckers Outdoor in the 1st quarter valued at about $2,567,000. Institutional investors 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.