Stifel Nicolaus Issues Positive Forecast for Deckers Outdoor (NYSE:DECK) Stock Price

Deckers Outdoor (NYSE:DECK) had its target price lifted by equities researchers at Stifel Nicolaus from $181.00 to $185.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the textile maker’s stock. Stifel Nicolaus’ price objective would suggest a potential downside of 0.52% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Truist Financial dropped their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a report on Friday. TD Cowen upped their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Bank of America lifted their target price on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Friday. Finally, Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a report on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $194.35.

Deckers Outdoor Price Performance

Shares of DECK traded down $37.14 during mid-day trading on Friday, reaching $185.97. The stock had a trading volume of 6,926,540 shares, compared to its average volume of 2,041,774. The business’s fifty day moving average is $206.19 and its 200 day moving average is $135.05. Deckers Outdoor has a 52-week low of $125.15 and a 52-week high of $223.98. The firm has a market cap of $28.25 billion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 2.41 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. As a group, sell-side analysts anticipate that Deckers Outdoor will post 5.62 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 8,802 shares of Deckers Outdoor stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $175.00, for a total value of $1,540,350.00. Following the sale, the chief financial officer now owns 153,036 shares of the company’s stock, valued at approximately $26,781,300. The trade was a 5.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bonita C. Stewart sold 9,000 shares of Deckers Outdoor stock in a transaction that occurred on 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 sale, the director now directly owns 44,988 shares in the company, valued at $7,891,794.96. This represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,758 shares of company stock worth $13,506,861 in the last quarter. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors have recently added to or reduced their stakes in the business. Solstein Capital LLC boosted its stake in shares of Deckers Outdoor by 500.0% during the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after acquiring an additional 135 shares in the last quarter. Bell Investment Advisors Inc boosted its stake in shares of Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after acquiring an additional 146 shares in the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in shares of Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after acquiring an additional 175 shares in the last quarter. Hedge funds and other institutional investors 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.