Truist Financial Increases Deckers Outdoor (NYSE:DECK) Price Target to $230.00

Deckers Outdoor (NYSE:DECK) had its price target boosted by Truist Financial from $205.00 to $230.00 in a research report report published on Tuesday,Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Several other analysts have also commented on the stock. TD Cowen raised their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus upped their price target on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Robert W. Baird raised their price objective on Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Barclays boosted their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, StockNews.com lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Nine investment 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, the company currently has an average rating of “Moderate Buy” and an average target price of $155.47.

Deckers Outdoor Stock Performance

Shares of DECK opened at $200.95 on Tuesday. The company has a market capitalization of $30.53 billion, a P/E ratio of 35.34, a P/E/G ratio of 2.85 and a beta of 1.08. The business’s 50-day moving average is $171.62 and its two-hundred day moving average is $84.82. Deckers Outdoor has a fifty-two week low of $108.65 and a fifty-two week high of $207.29.

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 company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. Deckers Outdoor’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the business earned $1.14 earnings per share. Analysts forecast that Deckers Outdoor will post 5.49 EPS for the current year.

Insider Activity at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 9,198 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were 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 $26,973,539.46. This represents a 5.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor 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 directly owns 63,642 shares in the company, valued at approximately $11,155,169.76. The trade was a 22.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 69,660 shares of company stock valued at $12,214,428. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oddo BHF Asset Management Sas purchased a new position in shares of Deckers Outdoor during the 3rd quarter worth $2,245,000. American Trust boosted its stake in Deckers Outdoor by 566.7% during the third quarter. American Trust now owns 2,400 shares of the textile maker’s stock worth $383,000 after buying an additional 2,040 shares during the period. Franklin Resources Inc. increased its position in shares of Deckers Outdoor by 497.5% during the third quarter. Franklin Resources Inc. now owns 390,874 shares of the textile maker’s stock valued at $62,825,000 after acquiring an additional 325,451 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Deckers Outdoor by 3,540.6% in the 3rd quarter. Tidal Investments LLC now owns 151,812 shares of the textile maker’s stock valued at $24,206,000 after acquiring an additional 147,642 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Deckers Outdoor in the 3rd quarter worth approximately $679,000. 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.