Deckers Outdoor (NYSE:DECK) Given a $169.00 Price Target by UBS Group Analysts

Deckers Outdoor (NYSE:DECK) has been assigned a $169.00 target price by analysts at UBS Group in a research note issued on Friday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the textile maker’s stock. UBS Group’s price target would indicate a potential upside of 67.51% from the stock’s previous close.

Several other equities research analysts also recently issued reports on DECK. Jefferies Financial Group boosted their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Truist Financial cut their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Wells Fargo & Company cut their price objective on Deckers Outdoor from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Friday. Citigroup cut their price objective on Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Finally, Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Twelve investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $134.68.

Deckers Outdoor Stock Down 20.0%

Shares of Deckers Outdoor stock opened at $100.89 on Friday. The firm has a market cap of $15.31 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. Deckers Outdoor has a 52 week low of $93.72 and a 52 week high of $223.98. The business’s fifty day simple moving average is $114.55 and its 200-day simple moving average is $157.96.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.43. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.82 EPS. As a group, equities analysts expect that Deckers Outdoor will post 5.89 earnings per share for the current year.

Deckers Outdoor declared that its board has approved a share repurchase plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization allows the textile maker to reacquire up to 11.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Insider Activity

In other news, Director David Powers sold 25,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This trade represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

A number of large investors have recently made changes to their positions in DECK. Mpwm Advisory Solutions LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $29,000. Vega Investment Solutions acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 120 shares during the period. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Deckers Outdoor in the 1st quarter valued at about $34,000. 97.79% of the stock is owned by institutional investors and hedge funds.

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.