Barclays Issues Positive Forecast for Deckers Outdoor (NYSE:DECK) Stock Price

Deckers Outdoor (NYSE:DECK) had its price target boosted by research analysts at Barclays from $190.00 to $231.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price target points to a potential upside of 3.59% from the company’s previous close.

Several other research analysts have also recently commented on the stock. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a report on Thursday, October 17th. Wells Fargo & Company upped their price target on shares of Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a research report on Friday, January 10th. UBS Group lifted their price objective on shares of Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Guggenheim began coverage on Deckers Outdoor in a report on Wednesday, October 9th. They issued a “neutral” rating for the company. Finally, Seaport Res Ptn lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $223.00 on Friday. The stock has a market capitalization of $33.88 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 2.41 and a beta of 1.08. Deckers Outdoor has a 1-year low of $125.15 and a 1-year high of $223.98. The company has a 50 day moving average price of $206.19 and a 200 day moving average price of $135.05.

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, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. On average, sell-side analysts expect that Deckers Outdoor will post 5.62 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following the transaction, the insider now directly owns 63,642 shares in the company, valued at $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 259,266 shares of the company’s stock, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,758 shares of company stock valued at $13,506,861 over the last quarter. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after purchasing an additional 1,170,855 shares during the last quarter. City Center Advisors LLC acquired a new position in Deckers Outdoor during the 4th quarter worth about $575,000. B. Riley Wealth Advisors Inc. grew its holdings in Deckers Outdoor by 506.7% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock worth $1,060,000 after acquiring an additional 5,574 shares during the last quarter. Principal Financial Group Inc. increased its position in Deckers Outdoor by 512.9% in the 3rd quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after acquiring an additional 332,590 shares in the last quarter. Finally, Cadent Capital Advisors LLC raised its stake in shares of Deckers Outdoor by 116.8% in the fourth quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker’s stock worth $1,316,000 after acquiring an additional 3,491 shares during the last quarter. 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.