Deckers Outdoor (NYSE:DECK) Given New $105.00 Price Target at Jefferies Financial Group

Deckers Outdoor (NYSE:DECK) had its target price upped by Jefferies Financial Group from $102.00 to $105.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a hold rating on the textile maker’s stock.

Several other research firms also recently weighed in on DECK. Robert W. Baird downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 7th. The Goldman Sachs Group reduced their price target on shares of Deckers Outdoor from $92.00 to $81.00 and set a “sell” rating for the company in a report on Friday, October 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research report on Wednesday, January 21st. Raymond James Financial set a $115.00 price objective on shares of Deckers Outdoor and gave the company a “strong-buy” rating in a research note on Friday, October 24th. Finally, Evercore ISI reduced their price objective on shares of Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating for the company in a research note on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Hold” and a consensus price target of $117.74.

Deckers Outdoor Stock Down 1.3%

DECK opened at $100.00 on Tuesday. The stock’s fifty day moving average is $98.85 and its two-hundred day moving average is $101.39. The company has a market capitalization of $14.57 billion, a P/E ratio of 14.82, a PEG ratio of 4.57 and a beta of 1.15. Deckers Outdoor has a 52 week low of $78.91 and a 52 week high of $223.98.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Angela Ogbechie sold 1,460 shares of Deckers Outdoor stock in a transaction on Friday, October 31st. The shares were sold at an average price of $81.45, for a total value of $118,917.00. Following the transaction, the insider directly owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in Deckers Outdoor by 2.7% in the second quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker’s stock valued at $454,662,000 after buying an additional 114,779 shares during the last quarter. Invesco Ltd. raised its position in shares of Deckers Outdoor by 19.4% in the 2nd quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker’s stock valued at $286,660,000 after purchasing an additional 452,081 shares during the last quarter. Norges Bank acquired a new stake in Deckers Outdoor in the 2nd quarter worth approximately $223,036,000. Viking Global Investors LP purchased a new stake in Deckers Outdoor during the 3rd quarter worth approximately $175,058,000. Finally, Northern Trust Corp grew its position in Deckers Outdoor by 3.6% during the 3rd quarter. Northern Trust Corp now owns 1,721,542 shares of the textile maker’s stock worth $174,513,000 after purchasing an additional 60,029 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

About Deckers Outdoor

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.