Deckers Outdoor (NYSE:DECK) Given New $225.00 Price Target at Robert W. Baird

Deckers Outdoor (NYSE:DECK) had its price objective upped by equities research analysts at Robert W. Baird from $195.00 to $225.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the textile maker’s stock. Robert W. Baird’s price target would suggest a potential upside of 11.97% from the company’s previous close.

A number of other brokerages have also recently commented on DECK. Bank of America lifted their target price on shares of Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Piper Sandler set a $166.00 target price on Deckers Outdoor in a research note on Thursday, October 17th. Evercore ISI increased their target price on Deckers Outdoor from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Needham & Company LLC boosted their price objective on Deckers Outdoor from $218.00 to $226.00 and gave the company a “buy” rating in a research report on Thursday. Finally, BTIG Research lowered Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Nine equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.59.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $200.95 on Friday. The company’s fifty day moving average price is $171.62 and its 200-day moving average price is $84.82. The firm has a market capitalization of $30.53 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 2.85 and a beta of 1.08. Deckers Outdoor has a one year low of $108.65 and a one year high of $207.29.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. The firm 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%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.14 EPS. As a group, equities research analysts expect that Deckers Outdoor will post 5.49 EPS for the current year.

Insider Buying and Selling

In related news, insider Anne Spangenberg sold 3,882 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $186.43, for a total transaction of $723,721.26. Following the completion of the transaction, the insider now owns 67,434 shares of the company’s stock, valued at $12,571,720.62. This trade represents a 5.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bonita C. Stewart sold 4,500 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $838,935.00. Following the transaction, the director now owns 40,733 shares of the company’s stock, valued at $7,593,853.19. The trade was a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,660 shares of company stock valued at $12,214,428 over the last three months. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DECK. Chapin Davis Inc. bought a new position in Deckers Outdoor in the 2nd quarter valued at approximately $3,867,000. Marshall Financial Group LLC purchased a new stake in shares of Deckers Outdoor during the second quarter valued at $1,162,000. Diversified Trust Co bought a new stake in Deckers Outdoor in the 2nd quarter worth about $287,000. Gladius Capital Management LP purchased a new position in Deckers Outdoor in the 2nd quarter worth about $67,000. Finally, Cordatus Wealth Management LLC bought a new position in Deckers Outdoor during the 2nd quarter valued at about $453,000. 97.79% of the stock is 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.