Deckers Outdoor (NYSE:DECK) Price Target Raised to $215.00 at Citigroup

Deckers Outdoor (NYSE:DECK) had its target price lifted by Citigroup from $178.00 to $215.00 in a research note published on Thursday morning,Benzinga reports. Citigroup currently has a neutral rating on the textile maker’s stock.

A number of other brokerages have also recently issued reports on DECK. Seaport Res Ptn cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Robert W. Baird raised their price target on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Evercore ISI upped their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Wells Fargo & Company increased their target price on Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Finally, Guggenheim assumed coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating for the company. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average target price of $182.20.

Deckers Outdoor Stock Up 1.8 %

DECK stock opened at $218.70 on Thursday. The business has a fifty day moving average of $201.33 and a 200-day moving average of $127.75. The company has a market cap of $33.23 billion, a P/E ratio of 38.46, a PEG ratio of 2.96 and a beta of 1.08. Deckers Outdoor has a twelve month low of $123.33 and a twelve month high of $218.92.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm earned $1.14 EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, equities research analysts anticipate that Deckers Outdoor will post 5.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In related news, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the completion of the transaction, the insider now owns 29,628 shares of the company’s stock, valued at approximately $4,836,474.72. This trade represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now directly owns 63,642 shares in the company, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 75,036 shares of company stock valued at $13,715,482 in the last 90 days. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of Deckers Outdoor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sunbelt Securities Inc. grew its stake in Deckers Outdoor by 7.5% in the second quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock valued at $264,000 after purchasing an additional 19 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Deckers Outdoor by 2.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock valued at $889,000 after buying an additional 23 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in Deckers Outdoor by 5.7% during the second quarter. Evergreen Capital Management LLC now owns 497 shares of the textile maker’s stock worth $481,000 after buying an additional 27 shares during the last quarter. Algert Global LLC raised its position in Deckers Outdoor by 23.0% during the second quarter. Algert Global LLC now owns 428 shares of the textile maker’s stock worth $414,000 after acquiring an additional 80 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in Deckers Outdoor by 6.5% in the fourth quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker’s stock valued at $273,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

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.