Deckers Outdoor (NYSE:DECK) Earns Overweight Rating from Analysts at KeyCorp

Investment analysts at KeyCorp started coverage on shares of Deckers Outdoor (NYSE:DECKGet Free Report) in a research note issued on Wednesday, Briefing.com reports. The brokerage set an “overweight” rating and a $960.00 price target on the textile maker’s stock. KeyCorp’s target price would indicate a potential upside of 16.29% from the company’s current price.

Other research analysts have also issued reports about the stock. Wells Fargo & Company increased their price target on shares of Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research note on Friday, February 2nd. UBS Group increased their price target on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Robert W. Baird increased their price target on shares of Deckers Outdoor from $650.00 to $750.00 and gave the stock an “outperform” rating in a research note on Monday, December 4th. Citigroup lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and increased their price target for the stock from $665.00 to $710.00 in a research note on Friday, December 8th. Finally, Piper Sandler increased their price target on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $846.77.

Read Our Latest Stock Report on DECK

Deckers Outdoor Trading Down 3.0 %

Shares of NYSE DECK opened at $825.50 on Wednesday. Deckers Outdoor has a 12 month low of $395.90 and a 12 month high of $903.70. The firm has a market capitalization of $21.24 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.67 and a beta of 0.99. The firm has a fifty day simple moving average of $716.53 and a two-hundred day simple moving average of $608.90.

Deckers Outdoor (NYSE:DECKGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, topping the consensus estimate of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business earned $10.48 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that Deckers Outdoor will post 26.88 earnings per share for the current year.

Insider Activity

In other news, insider Caroti Stefano sold 14,725 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $687.46, for a total transaction of $10,122,848.50. Following the sale, the insider now owns 49,036 shares of the company’s stock, valued at approximately $33,710,288.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO David Powers sold 17,978 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $716.52, for a total value of $12,881,596.56. Following the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $70,375,161.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Caroti Stefano sold 14,725 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $687.46, for a total transaction of $10,122,848.50. Following the completion of the transaction, the insider now directly owns 49,036 shares in the company, valued at approximately $33,710,288.56. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently made changes to their positions in DECK. Steward Financial Group LLC purchased a new position in shares of Deckers Outdoor in the second quarter worth approximately $25,000. Anchor Investment Management LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $33,000. FSC Wealth Advisors LLC bought a new stake in Deckers Outdoor during the 4th quarter worth approximately $39,000. Ritter Daniher Financial Advisory LLC DE raised its stake in Deckers Outdoor by 170.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after acquiring an additional 51 shares during the period. Finally, West Oak Capital LLC raised its stake in Deckers Outdoor by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 100 shares of the textile maker’s stock worth $51,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 95.69% of the company’s stock.

About Deckers Outdoor

(Get Free Report)

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

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Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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