Deckers Outdoor (NYSE:DECK) PT Raised to $195.00 at Robert W. Baird

Deckers Outdoor (NYSE:DECK) had its price target upped by analysts at Robert W. Baird from $180.00 to $195.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the textile maker’s stock. Robert W. Baird’s price target points to a potential upside of 16.00% from the company’s previous close.

A number of other research firms also recently issued reports on DECK. Telsey Advisory Group reaffirmed an “outperform” rating and set a $183.00 price objective on shares of Deckers Outdoor in a report on Friday, October 18th. UBS Group boosted their price target on shares of Deckers Outdoor from $225.00 to $226.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. StockNews.com lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Guggenheim assumed coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating on the stock. Finally, TD Cowen increased their price target on Deckers Outdoor from $176.00 to $178.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.50.

Deckers Outdoor Price Performance

NYSE:DECK opened at $168.11 on Friday. Deckers Outdoor has a one year low of $80.67 and a one year high of $184.48. The company has a market cap of $4.28 billion, a PE ratio of 5.74, a PEG ratio of 2.85 and a beta of 1.05. The firm has a 50-day moving average of $105.11 and a 200-day moving average of $53.38.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the company posted $1.14 EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, equities research analysts expect that Deckers Outdoor will post 5.22 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor 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 transaction, the chief financial officer now directly owns 161,838 shares in the company, valued at approximately $26,973,539.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director David Powers sold 140,832 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.97, for a total value of $3,376,368.96. Following the sale, the director now directly owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the completion of the transaction, the chief financial officer now owns 161,838 shares of the company’s stock, valued at $26,973,539.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after purchasing an additional 23 shares during the period. Crewe Advisors LLC bought a new position in Deckers Outdoor in the 2nd quarter worth about $34,000. EntryPoint Capital LLC raised its holdings in shares of Deckers Outdoor by 256.3% in the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 41 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Deckers Outdoor during the 2nd quarter valued at about $63,000. Finally, Gladius Capital Management LP purchased a new position in shares of Deckers Outdoor during the second quarter worth about $67,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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.