Deckers Outdoor (NYSE:DECK) Coverage Initiated by Analysts at Barclays

Barclays began coverage on shares of Deckers Outdoor (NYSE:DECKFree Report) in a research note published on Monday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $1,110.00 price objective on the textile maker’s stock.

A number of other equities analysts have also issued reports on the company. Raymond James increased their price target on Deckers Outdoor from $585.00 to $845.00 and gave the company an outperform rating in a research note on Tuesday, January 30th. Evercore ISI assumed coverage on Deckers Outdoor in a research note on Thursday, February 15th. They set an outperform rating and a $960.00 price target for the company. Truist Financial increased their price target on Deckers Outdoor from $859.00 to $983.00 and gave the company a buy rating in a research note on Friday, February 2nd. BTIG Research increased their price target on Deckers Outdoor from $650.00 to $800.00 and gave the company a buy rating in a research note on Thursday, December 7th. Finally, Stifel Nicolaus increased their price objective on Deckers Outdoor from $709.00 to $775.00 and gave the company a hold rating in a research report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor presently has an average rating of Moderate Buy and an average target price of $878.87.

Read Our Latest Research Report on DECK

Deckers Outdoor Price Performance

Shares of DECK stock opened at $929.30 on Monday. Deckers Outdoor has a 12-month low of $424.36 and a 12-month high of $956.17. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 1.84 and a beta of 1.01. The business has a 50 day simple moving average of $871.95 and a 200 day simple moving average of $705.92.

Deckers Outdoor (NYSE:DECKGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the company posted $10.48 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities analysts anticipate that Deckers Outdoor will post 26.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bonita C. Stewart sold 3,500 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total transaction of $3,048,885.00. Following the transaction, the director now directly owns 8,863 shares in the company, valued at $7,720,647.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,449 shares of company stock worth $34,172,388. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Several hedge funds have recently bought and sold shares of DECK. HighTower Advisors LLC grew its position in shares of Deckers Outdoor by 13.7% in the first quarter. HighTower Advisors LLC now owns 3,294 shares of the textile maker’s stock valued at $902,000 after purchasing an additional 398 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Deckers Outdoor by 7.1% in the first quarter. Great West Life Assurance Co. Can now owns 15,156 shares of the textile maker’s stock valued at $4,272,000 after purchasing an additional 1,001 shares during the last quarter. Vontobel Holding Ltd. acquired a new stake in shares of Deckers Outdoor in the first quarter valued at about $882,000. Sei Investments Co. grew its position in shares of Deckers Outdoor by 53.1% in the first quarter. Sei Investments Co. now owns 35,845 shares of the textile maker’s stock valued at $9,811,000 after purchasing an additional 12,439 shares during the last quarter. Finally, Aviva PLC grew its position in shares of Deckers Outdoor by 24.9% in the first quarter. Aviva PLC now owns 8,020 shares of the textile maker’s stock valued at $2,196,000 after purchasing an additional 1,597 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Company Profile

(Get Free Report)

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.

Further Reading

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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