Truist Financial Cuts Deckers Outdoor (NYSE:DECK) Price Target to $225.00

Deckers Outdoor (NYSE:DECK) had its price target cut by Truist Financial from $235.00 to $225.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Several other research firms have also recently weighed in on DECK. KeyCorp lifted their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Telsey Advisory Group restated an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research note on Friday. Stifel Nicolaus boosted their target price on Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Piper Sandler set a $166.00 target price on Deckers Outdoor in a research note on Thursday, October 17th. Finally, Citigroup boosted their target price on Deckers Outdoor from $178.00 to $215.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Price Performance

NYSE:DECK opened at $177.85 on Friday. Deckers Outdoor has a fifty-two week low of $125.15 and a fifty-two week high of $223.98. The stock has a market capitalization of $27.02 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08. The business’s 50-day simple moving average is $205.90 and its 200-day simple moving average is $137.68.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating 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%. On average, research analysts expect that Deckers Outdoor will post 5.62 earnings per share for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, insider Thomas Garcia sold 18,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the transaction, the insider now directly owns 63,642 shares of the company’s stock, valued at $11,155,169.76. This represents a 22.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the completion of the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,758 shares of company stock valued at $13,506,861. 0.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC grew its holdings in shares of Deckers Outdoor by 23.0% during the 2nd quarter. Algert Global LLC now owns 428 shares of the textile maker’s stock worth $414,000 after purchasing an additional 80 shares in the last quarter. Creative Planning grew its holdings in shares of Deckers Outdoor by 10.6% during the 2nd quarter. Creative Planning now owns 5,079 shares of the textile maker’s stock worth $4,916,000 after purchasing an additional 488 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Deckers Outdoor by 2.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock worth $889,000 after purchasing an additional 23 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Deckers Outdoor by 20.6% during the 2nd quarter. Cetera Investment Advisers now owns 6,119 shares of the textile maker’s stock worth $5,923,000 after purchasing an additional 1,044 shares in the last quarter. Finally, Clearbridge Investments LLC acquired a new stake in shares of Deckers Outdoor during the 2nd quarter worth $1,381,000. 97.79% of the stock is owned by institutional investors and hedge funds.

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.