Deckers Outdoor (NYSE:DECK) Now Covered by Analysts at Needham & Company LLC

Needham & Company LLC began coverage on shares of Deckers Outdoor (NYSE:DECK) in a report issued on Friday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $218.00 price objective on the textile maker’s stock.

DECK has been the topic of a number of other research reports. Bank of America increased their price objective on Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Evercore ISI increased their price target on Deckers Outdoor from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, October 25th. UBS Group lifted their price target on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays upped their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $153.53.

Deckers Outdoor Stock Up 5.6 %

NYSE DECK opened at $192.15 on Friday. The company has a 50 day moving average price of $160.53 and a two-hundred day moving average price of $72.80. Deckers Outdoor has a 12-month low of $105.10 and a 12-month high of $193.33. The stock has a market capitalization of $29.19 billion, a PE ratio of 33.79, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data 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 business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. Deckers Outdoor’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 EPS. As a group, equities analysts anticipate that Deckers Outdoor will post 5.48 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CEO Caroti Stefano sold 15,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the sale, the chief executive officer now owns 273,540 shares of the company’s stock, valued at $48,069,184.20. The trade was a 5.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David Powers sold 140,832 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the transaction, the director now directly owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. The trade was a 5.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 202,110 shares of company stock valued at $14,028,140 in the last quarter. Corporate insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Several large investors have recently modified their holdings of DECK. Anchor Investment Management LLC boosted its stake in Deckers Outdoor by 500.0% in the 3rd quarter. Anchor Investment Management LLC now owns 504 shares of the textile maker’s stock valued at $80,000 after buying an additional 420 shares in the last quarter. Passumpsic Savings Bank raised its stake in Deckers Outdoor by 477.8% during the third quarter. Passumpsic Savings Bank now owns 27,296 shares of the textile maker’s stock worth $4,352,000 after acquiring an additional 22,572 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Deckers Outdoor by 447.7% during the third quarter. TD Private Client Wealth LLC now owns 953 shares of the textile maker’s stock valued at $152,000 after acquiring an additional 779 shares during the period. Arete Wealth Advisors LLC boosted its stake in shares of Deckers Outdoor by 589.1% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,556 shares of the textile maker’s stock valued at $563,000 after purchasing an additional 3,040 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in shares of Deckers Outdoor by 466.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 14,089 shares of the textile maker’s stock worth $2,246,000 after purchasing an additional 11,600 shares during the last quarter. 97.79% of the stock is currently 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.