Deckers Outdoor Co. (NYSE:DECK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Deckers Outdoor Co. (NYSE:DECK – Get Rating) have been given an average recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $466.54.

A number of equities research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Deckers Outdoor from $440.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, January 25th. Wells Fargo & Company increased their price objective on shares of Deckers Outdoor from $360.00 to $425.00 and gave the company an “equal weight” rating in a research report on Friday, February 3rd. StockNews.com began coverage on shares of Deckers Outdoor in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $485.00 target price on shares of Deckers Outdoor in a report on Wednesday, February 15th. Finally, BTIG Research raised their price target on shares of Deckers Outdoor from $515.00 to $560.00 in a research note on Monday, May 1st.

Deckers Outdoor Stock Down 1.9 %

NYSE:DECK opened at $440.33 on Thursday. The firm has a market cap of $11.61 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. Deckers Outdoor has a 12 month low of $235.94 and a 12 month high of $503.48. The company’s 50-day moving average price is $463.87 and its two-hundred day moving average price is $420.24.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently modified their holdings of DECK. JPMorgan Chase & Co. boosted its stake in shares of Deckers Outdoor by 12.6% during the first quarter. JPMorgan Chase & Co. now owns 135,816 shares of the textile maker’s stock valued at $61,056,000 after purchasing an additional 15,225 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of Deckers Outdoor by 11.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 910 shares of the textile maker’s stock worth $409,000 after purchasing an additional 90 shares during the last quarter. Advisory Services Network LLC raised its position in Deckers Outdoor by 10.1% in the 1st quarter. Advisory Services Network LLC now owns 448 shares of the textile maker’s stock worth $201,000 after buying an additional 41 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Deckers Outdoor by 98.2% during the 1st quarter. Rockefeller Capital Management L.P. now owns 3,526 shares of the textile maker’s stock valued at $1,585,000 after purchasing an additional 1,747 shares during the period. Finally, SRS Capital Advisors Inc. grew its stake in shares of Deckers Outdoor by 8.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 495 shares of the textile maker’s stock valued at $223,000 after purchasing an additional 39 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Deckers Outdoor Company Profile

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Deckers Outdoor Corp. engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer.