Deckers Outdoor (NYSE:DECK) Given New $230.00 Price Target at KeyCorp

Deckers Outdoor (NYSE:DECK) had its price objective increased by KeyCorp from $213.00 to $230.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the textile maker’s stock. KeyCorp’s price objective indicates a potential upside of 8.96% from the company’s current price.

Other research analysts also recently issued reports about the stock. Piper Sandler set a $166.00 price objective on shares of Deckers Outdoor in a research note on Thursday, October 17th. Evercore ISI raised their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Citigroup raised their price target on shares of Deckers Outdoor from $178.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday. Truist Financial boosted their price objective on Deckers Outdoor from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, BTIG Research lowered shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus price target of $182.20.

Deckers Outdoor Stock Down 1.8 %

Deckers Outdoor stock opened at $211.10 on Thursday. Deckers Outdoor has a 52-week low of $123.33 and a 52-week high of $218.39. The firm has a fifty day moving average of $201.33 and a 200-day moving average of $127.75. The firm has a market capitalization of $32.07 billion, a P/E ratio of 37.27, a PEG ratio of 2.96 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The business’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the business earned $1.14 EPS. On average, research analysts expect that Deckers Outdoor will post 5.56 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director Bonita C. Stewart sold 9,000 shares of the 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 owns 44,988 shares in the company, valued at $7,891,794.96. This represents a 16.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the transaction, the insider now owns 29,628 shares in the company, valued at approximately $4,836,474.72. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,036 shares of company stock worth $13,715,482. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Solstein Capital LLC grew its stake in Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after buying an additional 135 shares during the last quarter. Bell Investment Advisors Inc boosted its holdings in Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 146 shares during the period. Global Trust Asset Management LLC bought a new stake in Deckers Outdoor in the 4th quarter valued at $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings 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 during the period. Finally, Rakuten Securities Inc. lifted its holdings 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 during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

About Deckers Outdoor

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.