Deckers Outdoor’s (DECK) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Deckers Outdoor (NYSE:DECK) in a research report report published on Friday,Benzinga reports. The firm currently has a $246.00 target price on the textile maker’s stock.

Other analysts have also issued reports about the stock. Wells Fargo & Company upped their price objective on shares of Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. TD Cowen increased their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their price target on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Robert W. Baird increased their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, KeyCorp increased their price target on shares of Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Stock Down 20.3 %

Shares of DECK opened at $177.85 on Friday. The firm has a 50-day moving average price of $205.90 and a 200 day moving average price of $137.68. The firm has a market capitalization of $27.02 billion, a PE ratio of 31.27, a P/E/G ratio of 2.41 and a beta of 1.08. Deckers Outdoor has a 52-week low of $125.15 and a 52-week high of $223.98.

Deckers Outdoor (NYSE:DECK) last posted 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 net margin of 18.95% and a return on equity of 41.48%. On average, equities analysts expect that Deckers Outdoor will post 5.62 EPS for the current year.

Insider Transactions at Deckers Outdoor

In other news, insider Anne Spangenberg sold 3,882 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $723,721.26. Following the sale, the insider now owns 67,434 shares in the company, valued at approximately $12,571,720.62. This trade represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,758 shares of company stock worth $13,506,861. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DECK. Algert Global LLC lifted its position in Deckers Outdoor by 23.0% in the second quarter. Algert Global LLC now owns 428 shares of the textile maker’s stock worth $414,000 after purchasing an additional 80 shares during the period. Creative Planning lifted its position in Deckers Outdoor by 10.6% in the second quarter. Creative Planning now owns 5,079 shares of the textile maker’s stock worth $4,916,000 after purchasing an additional 488 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Deckers Outdoor by 2.6% in the second 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 during the period. Cetera Investment Advisers lifted its position in Deckers Outdoor by 20.6% in the second 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 during the period. Finally, Clearbridge Investments LLC bought a new position in Deckers Outdoor in the second quarter worth $1,381,000. 97.79% of the stock is owned by institutional investors.

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.