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

Deckers Outdoor (NYSE:DECK) had its target price increased by KeyCorp from $213.00 to $230.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

Other equities analysts also recently issued research reports about the company. UBS Group increased their price target on Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Barclays lifted their price objective on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Guggenheim initiated coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating on the stock. Truist Financial lifted their price target on Deckers Outdoor from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, Stifel Nicolaus upped their price objective on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $182.20.

Deckers Outdoor Price Performance

DECK stock opened at $218.70 on Thursday. Deckers Outdoor has a 12 month low of $123.33 and a 12 month high of $218.92. The firm’s 50-day moving average is $201.33 and its 200 day moving average is $127.75. The company has a market capitalization of $33.23 billion, a PE ratio of 38.46, a P/E/G ratio of 2.96 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. Sell-side analysts forecast that Deckers Outdoor will post 5.56 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,278 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total transaction of $208,620.72. Following the completion of the transaction, the insider now directly 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas Garcia sold 18,000 shares of the company’s stock in a transaction 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 completion of 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. Over the last ninety days, insiders sold 75,036 shares of company stock worth $13,715,482. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Custom Index Systems LLC raised its stake in shares of Deckers Outdoor by 2.1% during the 4th quarter. Custom Index Systems LLC now owns 6,295 shares of the textile maker’s stock valued at $1,278,000 after buying an additional 127 shares during the last quarter. West Bancorporation Inc. purchased a new position in Deckers Outdoor during the fourth quarter valued at approximately $261,000. Mediolanum International Funds Ltd raised its position in Deckers Outdoor by 130.9% during the fourth quarter. Mediolanum International Funds Ltd now owns 14,784 shares of the textile maker’s stock valued at $3,034,000 after acquiring an additional 8,382 shares in the last quarter. OLD National Bancorp IN acquired a new position in Deckers Outdoor in the fourth quarter valued at approximately $299,000. Finally, First Affirmative Financial Network purchased a new stake in Deckers Outdoor in the 4th quarter worth approximately $236,000. 97.79% of the stock is currently 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.