TD Securities Increases Deckers Outdoor (NYSE:DECK) Price Target to $175.00

Deckers Outdoor (NYSE:DECK) had its price target increased by equities researchers at TD Securities from $150.00 to $175.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. TD Securities’ price target suggests a potential upside of 35.80% from the stock’s current price.

DECK has been the topic of several other research reports. Raymond James upgraded Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and decreased their price objective for the stock from $235.00 to $150.00 in a report on Thursday, April 10th. Needham & Company LLC reissued a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Truist Financial dropped their price objective on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 31st. KeyCorp decreased their target price on shares of Deckers Outdoor from $230.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 29th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a report on Friday. Nine research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.84.

Deckers Outdoor Stock Up 1.1%

Shares of DECK traded up $1.46 on Tuesday, hitting $128.87. 1,290,181 shares of the stock traded hands, compared to its average volume of 2,427,526. Deckers Outdoor has a 1 year low of $93.72 and a 1 year high of $223.98. The stock’s 50 day moving average is $114.30 and its two-hundred day moving average is $159.24. The firm has a market capitalization of $19.56 billion, a P/E ratio of 20.90, a P/E/G ratio of 1.68 and a beta of 1.11.

Insider Buying and Selling

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now owns 241,777 shares in the company, valued at $33,568,318.68. This trade represents a 9.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. The trade was a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DECK. JPMorgan Chase & Co. lifted its holdings in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after buying an additional 1,170,855 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of Deckers Outdoor by 10.2% during the fourth quarter. Ritholtz Wealth Management now owns 2,928 shares of the textile maker’s stock valued at $595,000 after acquiring an additional 270 shares during the period. Merit Financial Group LLC bought a new position in Deckers Outdoor in the 4th quarter worth about $281,000. HB Wealth Management LLC grew its holdings in Deckers Outdoor by 5.4% in the 4th quarter. HB Wealth Management LLC now owns 6,962 shares of the textile maker’s stock worth $1,414,000 after buying an additional 355 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter valued at about $294,000. 97.79% of the stock is owned by institutional investors and hedge funds.

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.