Brokerages Set Deckers Outdoor Corporation (NYSE:DECK) Price Target at $137.50

Deckers Outdoor Corporation (NYSE:DECK) has been given an average rating of “Hold” by the twenty-four analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $137.50.

Several equities research analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Deckers Outdoor from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Argus assumed coverage on shares of Deckers Outdoor in a research note on Friday, June 13th. They set a “hold” rating on the stock. Barclays raised their target price on Deckers Outdoor from $128.00 to $134.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Citigroup dropped their price target on Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. Finally, UBS Group raised their price objective on Deckers Outdoor from $144.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, July 25th.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Cindy L. Davis bought 1,825 shares of the stock in a transaction on Friday, June 6th. The shares were purchased at an average price of $109.76 per share, with a total value of $200,312.00. Following the acquisition, the director directly owned 13,340 shares of the company’s stock, valued at $1,464,198.40. This represents a 15.85% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 6,244 shares of Deckers Outdoor stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total value of $648,689.16. Following the completion of the transaction, the insider directly owned 19,980 shares in the company, valued at approximately $2,075,722.20. This represents a 23.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Institutional Trading of Deckers Outdoor

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Deckers Outdoor by 0.6% in the first quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker’s stock worth $1,984,339,000 after purchasing an additional 107,635 shares during the period. Northern Trust Corp lifted its holdings in shares of Deckers Outdoor by 6.2% during the 1st quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker’s stock worth $187,903,000 after acquiring an additional 98,856 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Deckers Outdoor by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,520,461 shares of the textile maker’s stock valued at $170,003,000 after acquiring an additional 97,312 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Deckers Outdoor by 11.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,149 shares of the textile maker’s stock valued at $289,027,000 after acquiring an additional 145,794 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Deckers Outdoor by 46.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,410,262 shares of the textile maker’s stock valued at $157,681,000 after acquiring an additional 447,734 shares during the period. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $105.21 on Friday. Deckers Outdoor has a one year low of $93.72 and a one year high of $223.98. The stock has a fifty day moving average of $105.03 and a 200-day moving average of $124.51. The company has a market capitalization of $15.61 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 3.94 and a beta of 0.99.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.25. The company had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%. Deckers Outdoor’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.52 earnings per share. As a group, research analysts forecast that Deckers Outdoor will post 5.89 EPS for the current fiscal year.

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

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.