Deckers Outdoor (NYSE:DECK) Given New $190.00 Price Target at Barclays

Deckers Outdoor (NYSE:DECK) had its price target raised by Barclays from $180.00 to $190.00 in a research report sent to investors on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the textile maker’s stock.

Several other equities analysts have also recently commented on DECK. Robert W. Baird boosted their target price on shares of Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday. Bank of America boosted their price objective on shares of Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a research report on Friday. BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday. Wells Fargo & Company lifted their price target on Deckers Outdoor from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, StockNews.com downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $149.50.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $168.15 on Friday. The business’s 50 day simple moving average is $105.11 and its 200 day simple moving average is $53.18. Deckers Outdoor has a 1 year low of $80.67 and a 1 year high of $184.48. The company has a market capitalization of $4.28 billion, a P/E ratio of 5.74, a P/E/G ratio of 2.85 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm posted $1.14 EPS. Deckers Outdoor’s quarterly revenue was up 20.1% on a year-over-year basis. On average, sell-side analysts anticipate that Deckers Outdoor will post 5.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the transaction, the chief financial officer now directly owns 161,838 shares in the company, valued at approximately $26,973,539.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the transaction, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Powers sold 140,832 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.97, for a total value of $3,376,368.96. Following the completion of the sale, the director now directly owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. lifted its holdings in Deckers Outdoor by 958.3% in the first quarter. Sunbelt Securities Inc. now owns 254 shares of the textile maker’s stock valued at $239,000 after buying an additional 230 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Deckers Outdoor by 477.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,883 shares of the textile maker’s stock valued at $4,596,000 after purchasing an additional 4,037 shares in the last quarter. Fox Hill Wealth Management acquired a new stake in Deckers Outdoor during the first quarter worth approximately $282,000. New Mexico Educational Retirement Board grew its stake in Deckers Outdoor by 7.4% during the first quarter. New Mexico Educational Retirement Board now owns 5,800 shares of the textile maker’s stock worth $5,459,000 after purchasing an additional 400 shares during the period. Finally, State of Michigan Retirement System lifted its stake in Deckers Outdoor by 10.4% in the first quarter. State of Michigan Retirement System now owns 8,300 shares of the textile maker’s stock valued at $7,812,000 after buying an additional 784 shares during the period. 97.79% of the stock is owned by institutional investors.

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.