Jefferies Financial Group Forecasts Strong Price Appreciation for Deckers Outdoor (NYSE:DECK) Stock

Deckers Outdoor (NYSE:DECKGet Free Report) had its price target lifted by research analysts at Jefferies Financial Group from $180.00 to $200.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the textile maker’s stock. Jefferies Financial Group’s price objective indicates a potential downside of 8.77% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Guggenheim began coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating for the company. UBS Group boosted their target price on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Needham & Company LLC increased their target price on shares of Deckers Outdoor from $226.00 to $246.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Robert W. Baird upped 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, Evercore ISI lifted their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Ten research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $183.19.

Check Out Our Latest Stock Analysis on Deckers Outdoor

Deckers Outdoor Stock Up 1.5 %

NYSE DECK opened at $219.22 on Tuesday. Deckers Outdoor has a twelve month low of $125.15 and a twelve month high of $222.05. The stock has a market cap of $33.30 billion, a P/E ratio of 38.55, a PEG ratio of 2.98 and a beta of 1.08. The company’s 50-day simple moving average is $205.36 and its 200 day simple moving average is $134.43.

Insider Buying and Selling

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now directly owns 10,222 shares of the company’s stock, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $2,973,845.16. Following the sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,758 shares of company stock worth $13,506,861 over the last three months. 0.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Deckers Outdoor

Hedge funds have recently added to or reduced their stakes in the stock. Global Trust Asset Management LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at $31,000. Solstein Capital LLC lifted its holdings in Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after acquiring an additional 135 shares in the last quarter. Bell Investment Advisors Inc grew its stake in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings 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 acquiring an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. raised its position in shares of Deckers Outdoor by 397.7% during 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 during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

About Deckers Outdoor

(Get Free Report)

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.

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Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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