Deckers Outdoor (NYSE:DECK) Price Target Raised to $190.00 at KeyCorp

Deckers Outdoor (NYSE:DECK) had its price objective hoisted by analysts at KeyCorp from $180.00 to $190.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the textile maker’s stock. KeyCorp’s price target points to a potential upside of 13.02% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Barclays increased their price target on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday. Telsey Advisory Group increased their price objective on Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday. Piper Sandler set a $166.00 price objective on Deckers Outdoor in a research note on Thursday, October 17th. Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, Truist Financial raised their price target on Deckers Outdoor from $204.17 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $149.50.

Deckers Outdoor Stock Up 10.6 %

NYSE DECK opened at $168.11 on Friday. The company has a market cap of $4.28 billion, a PE ratio of 5.74, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a 52 week low of $80.67 and a 52 week high of $184.48. The firm’s 50-day simple moving average is $105.11 and its two-hundred day simple moving average is $53.38.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.35. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. As a group, equities research analysts anticipate that Deckers Outdoor will post 5.22 EPS for the current year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the sale, the chief financial officer now owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. This trade represents a 0.00 % 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. In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the sale, the chief financial officer now owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. This trade represents a 0.00 % 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, Director David Powers sold 140,832 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the completion of the sale, the director now directly owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. grew its holdings in Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake 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 during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Deckers Outdoor in the second quarter worth approximately $34,000. GHP Investment Advisors Inc. acquired a new position in Deckers Outdoor during the third quarter worth $36,000. Finally, Salomon & Ludwin LLC boosted its stake in Deckers Outdoor by 500.0% during the third quarter. Salomon & Ludwin LLC now owns 246 shares of the textile maker’s stock worth $39,000 after buying an additional 205 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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.