Deckers Outdoor Co. (NYSE:DECK) Receives $162.16 Average Price Target from Brokerages

Shares of Deckers Outdoor Co. (NYSE:DECK) have been given an average recommendation of “Moderate Buy” by the twenty-one analysts that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $157.79.

Several analysts recently issued reports on the stock. TD Securities boosted their target price on shares of Deckers Outdoor from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Tuesday. Truist Financial dropped their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Raymond James upgraded shares of Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and dropped their price target for the stock from $235.00 to $150.00 in a research report on Thursday, April 10th. UBS Group upped their price target on shares of Deckers Outdoor from $150.00 to $158.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group upped their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Powers sold 25,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Deckers Outdoor by 0.6% in the first quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker’s stock valued at $1,984,339,000 after acquiring an additional 107,635 shares during the period. Geode Capital Management LLC raised its stake in shares of Deckers Outdoor by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker’s stock valued at $831,723,000 after acquiring an additional 45,035 shares during the period. Norges Bank purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at $392,583,000. Northern Trust Corp raised its stake in shares of Deckers Outdoor by 6.2% in the first quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker’s stock valued at $187,903,000 after acquiring an additional 98,856 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Deckers Outdoor by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,520,461 shares of the textile maker’s stock valued at $170,003,000 after acquiring an additional 97,312 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 4.1%

Shares of NYSE DECK opened at $123.50 on Monday. The firm has a 50 day moving average of $114.65 and a 200 day moving average of $158.78. The firm has a market capitalization of $18.74 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. Deckers Outdoor has a 12-month low of $93.72 and a 12-month high of $223.98.

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.