Deckers Outdoor (NYSE:DECK) Price Target Raised to $235.00 at Evercore ISI

Deckers Outdoor (NYSE:DECK) had its price objective raised by Evercore ISI from $195.00 to $235.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the textile maker’s stock. Evercore ISI’s price target indicates a potential upside of 13.20% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. KeyCorp boosted their target price on shares of Deckers Outdoor from $190.00 to $213.00 and gave the company an “overweight” rating in a report on Friday, December 6th. BTIG Research lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Robert W. Baird boosted their price objective on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Finally, Barclays raised their target price on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and an average target price of $164.76.

Deckers Outdoor Trading Up 0.0 %

Shares of Deckers Outdoor stock opened at $207.60 on Thursday. The company’s fifty day simple moving average is $195.30 and its two-hundred day simple moving average is $116.91. Deckers Outdoor has a 12-month low of $115.64 and a 12-month high of $214.70. The company has a market cap of $31.54 billion, a P/E ratio of 36.51, a PEG ratio of 2.87 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 earnings per share. Analysts predict that Deckers Outdoor will post 5.49 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas Garcia sold 18,000 shares of the company’s 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 sale, the insider now directly owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,036 shares of company stock worth $13,715,482 in the last ninety days. Insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

Hedge funds have recently bought and sold shares of the stock. Solstein Capital LLC grew its stake in shares of Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares during the period. Bell Investment Advisors Inc lifted its holdings in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position 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 worth $32,000 after purchasing an additional 200 shares during the period. Rakuten Securities Inc. increased its stake 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 worth $35,000 after purchasing an additional 175 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Deckers Outdoor during the 3rd quarter valued at $36,000. Institutional investors own 97.79% of the company’s stock.

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.