Deckers Outdoor (NYSE:DECK) Upgraded to “Buy” at Citigroup

Citigroup upgraded shares of Deckers Outdoor (NYSE:DECK) from a neutral rating to a buy rating in a report published on Friday morning, Marketbeat.com reports. The brokerage currently has $215.00 target price on the textile maker’s stock.

DECK has been the topic of a number of other research reports. Bank of America upped their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Piper Sandler set a $166.00 price objective on Deckers Outdoor in a research note on Thursday, October 17th. Evercore ISI boosted their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, January 9th. Jefferies Financial Group raised their price target on Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Finally, Robert W. Baird boosted their price target on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $168.18 on Friday. The company’s fifty day moving average price is $203.55 and its 200-day moving average price is $142.83. The firm has a market capitalization of $25.52 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 1.93 and a beta of 1.07. Deckers Outdoor has a one year low of $131.39 and a one year high of $223.98.

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 analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, equities research analysts expect that Deckers Outdoor will post 5.89 EPS for the current year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, CEO Caroti Stefano sold 15,000 shares of Deckers Outdoor stock in a transaction on Tuesday, November 19th. The stock was 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 in the company, valued at $48,069,184.20. The trade was a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 63,642 shares of the company’s stock, valued at $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,956 shares of company stock valued at $10,387,731. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors have recently made changes to their positions in the stock. FMR LLC raised its stake in shares of Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock valued at $3,646,539,000 after acquiring an additional 19,053,113 shares in the last quarter. State Street Corp grew its position in shares of Deckers Outdoor by 513.8% during the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after buying an additional 5,511,513 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Deckers Outdoor by 509.1% during the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after buying an additional 3,393,420 shares during the period. JPMorgan Chase & Co. lifted its stake in Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after acquiring an additional 1,170,855 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Deckers Outdoor by 529.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after acquiring an additional 1,074,263 shares in the last quarter. 97.79% of the stock is currently 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.