Deckers Outdoor (NYSE:DECK) Given New $231.00 Price Target at Barclays

Deckers Outdoor (NYSE:DECK) had its price target upped by Barclays from $190.00 to $231.00 in a research note issued to investors on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the textile maker’s stock.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company raised their price target on Deckers Outdoor from $170.00 to $215.00 and gave the stock an “equal weight” rating in a research report on Friday, January 10th. Jefferies Financial Group upped their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday. Stifel Nicolaus raised their price objective on shares of Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a report on Friday, October 25th. BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Finally, KeyCorp boosted their price target on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Trading Down 20.3 %

Deckers Outdoor stock opened at $177.85 on Friday. Deckers Outdoor has a 1 year low of $125.15 and a 1 year high of $223.98. The company’s 50-day moving average is $205.90 and its two-hundred day moving average is $136.11. The company has a market cap of $27.02 billion, a PE ratio of 31.27, a PEG ratio of 2.41 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. Research analysts forecast that Deckers Outdoor will post 5.62 EPS for the current year.

Insider Activity at Deckers Outdoor

In other news, Director Bonita C. Stewart sold 9,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $175.42, for a total value of $1,578,780.00. Following the completion of the transaction, the director now owns 44,988 shares of the company’s stock, valued at approximately $7,891,794.96. This represents a 16.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anne Spangenberg sold 3,882 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were 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 directly owns 67,434 shares of the company’s stock, valued at approximately $12,571,720.62. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,758 shares of company stock worth $13,506,861. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC raised its position in shares of Deckers Outdoor by 18.9% during the fourth quarter. Global Retirement Partners LLC now owns 4,101 shares of the textile maker’s stock worth $833,000 after acquiring an additional 651 shares during the last quarter. Truist Financial Corp lifted its position in shares of Deckers Outdoor by 2.9% in the 4th quarter. Truist Financial Corp now owns 54,321 shares of the textile maker’s stock worth $11,032,000 after purchasing an additional 1,548 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Deckers Outdoor by 4.2% in the 4th quarter. CIBC Asset Management Inc now owns 23,265 shares of the textile maker’s stock valued at $4,725,000 after purchasing an additional 937 shares during the last quarter. Pittenger & Anderson Inc. grew its holdings in Deckers Outdoor by 32.5% during the 4th quarter. Pittenger & Anderson Inc. now owns 12,217 shares of the textile maker’s stock worth $2,481,000 after acquiring an additional 2,995 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Deckers Outdoor by 25.7% during the fourth quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker’s stock worth $101,457,000 after purchasing an additional 102,134 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

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.