Deckers Outdoor (NYSE:DECK) Stock Rating Upgraded by Citigroup

Deckers Outdoor (NYSE:DECK) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research report issued on Friday,Finviz reports. The firm presently has a $215.00 target price on the textile maker’s stock. Citigroup’s target price indicates a potential upside of 24.84% from the stock’s previous close.

Several other equities research analysts also recently weighed in on DECK. Truist Financial lowered their price target on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 31st. Evercore ISI raised their price target 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. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Barclays boosted their price target on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $246.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $172.22 on Friday. The firm has a 50-day simple moving average of $204.50 and a 200-day simple moving average of $139.96. Deckers Outdoor has a one year low of $131.39 and a one year high of $223.98. The firm has a market cap of $26.16 billion, a P/E ratio of 27.92, a P/E/G ratio of 1.85 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, research analysts predict that Deckers Outdoor will post 5.92 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Caroti Stefano sold 14,274 shares of the stock in a transaction 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 directly owns 259,266 shares in the company, valued at $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 55,956 shares of company stock worth $10,387,731 in the last quarter. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Several large investors have recently bought and sold shares of the stock. Solstein Capital LLC lifted its holdings in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc increased its position in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after buying an additional 146 shares during the period. Global Trust Asset Management LLC purchased a new stake in Deckers Outdoor in the fourth quarter valued at approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings 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 valued at $32,000 after acquiring an additional 200 shares during the period. Finally, Rakuten Securities Inc. grew its position in shares of Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

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.