Brokerages Set Deckers Outdoor Corporation (NYSE:DECK) PT at $125.20

Shares of Deckers Outdoor Corporation (NYSE:DECK) have received a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and three have given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $125.20.

A number of equities research analysts recently issued reports on the stock. BTIG Research reiterated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 30th. Barclays restated an “overweight” rating and issued a $143.00 price objective (up from $113.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Truist Financial set a $132.00 price target on shares of Deckers Outdoor in a research report on Friday, January 30th. UBS Group reissued a “buy” rating and set a $161.00 price target (up from $157.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Robert W. Baird cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 7th.

Insider Buying and Selling

In related news, insider Anne Spangenberg sold 4,063 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $116.02, for a total transaction of $471,389.26. Following the completion of the transaction, the insider directly owned 80,449 shares in the company, valued at approximately $9,333,692.98. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauri M. Shanahan sold 4,682 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the sale, the director owned 25,026 shares in the company, valued at $2,873,985.84. The trade was a 15.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 9,092 shares of company stock worth $1,048,552. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DECK. Trillium Asset Management LLC grew its holdings in Deckers Outdoor by 28.1% during the 2nd quarter. Trillium Asset Management LLC now owns 188,486 shares of the textile maker’s stock worth $19,428,000 after acquiring an additional 41,325 shares during the period. Bank of Montreal Can lifted its stake in shares of Deckers Outdoor by 37.9% in the 2nd quarter. Bank of Montreal Can now owns 188,873 shares of the textile maker’s stock valued at $19,467,000 after purchasing an additional 51,914 shares during the period. Pinnacle Investment Management Ltd bought a new stake in shares of Deckers Outdoor during the 3rd quarter valued at about $2,027,000. Achmea Investment Management B.V. grew its stake in Deckers Outdoor by 135.3% during the second quarter. Achmea Investment Management B.V. now owns 135,341 shares of the textile maker’s stock worth $13,950,000 after purchasing an additional 77,812 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Deckers Outdoor by 171.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 326,353 shares of the textile maker’s stock worth $33,020,000 after purchasing an additional 205,975 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $118.70 on Wednesday. Deckers Outdoor has a one year low of $78.91 and a one year high of $151.33. The stock has a fifty day moving average price of $106.63 and a 200 day moving average price of $102.52. The stock has a market cap of $16.85 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 2.69 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, January 29th. The textile maker reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.77 by $0.56. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm posted $3.00 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Deckers Outdoor will post 5.89 EPS for the current year.

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.