Deckers Outdoor (NYSE:DECK) Price Target Cut to $225.00 by Analysts at Truist Financial

Deckers Outdoor (NYSE:DECK) had its price objective reduced by equities research analysts at Truist Financial from $235.00 to $225.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Truist Financial’s price target would suggest a potential upside of 20.79% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $246.00 price objective on shares of Deckers Outdoor in a research report on Friday. BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lowered their target price on shares of Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday. Seaport Res Ptn cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. Finally, KeyCorp boosted their price target on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $194.11.

Deckers Outdoor Price Performance

DECK traded down $36.83 during trading hours on Friday, reaching $186.28. 5,248,549 shares of the stock traded hands, compared to its average volume of 1,959,864. Deckers Outdoor has a fifty-two week low of $125.15 and a fifty-two week high of $223.98. The firm’s fifty day simple moving average is $206.19 and its two-hundred day simple moving average is $135.05. The company has a market cap of $28.30 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 2.41 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. On average, research analysts predict that Deckers Outdoor will post 5.62 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the transaction, the insider now directly owns 63,642 shares of the company’s stock, valued at $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the sale, the chief executive officer now directly owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,758 shares of company stock worth $13,506,861 in the last quarter. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Algert Global LLC increased its position in Deckers Outdoor by 23.0% during the second quarter. Algert Global LLC now owns 428 shares of the textile maker’s stock worth $414,000 after buying an additional 80 shares during the last quarter. Creative Planning boosted its stake in Deckers Outdoor by 10.6% during the 2nd quarter. Creative Planning now owns 5,079 shares of the textile maker’s stock worth $4,916,000 after acquiring an additional 488 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Deckers Outdoor by 2.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock valued at $889,000 after buying an additional 23 shares during the last quarter. Cetera Investment Advisers increased its holdings in Deckers Outdoor by 20.6% in the 2nd quarter. Cetera Investment Advisers now owns 6,119 shares of the textile maker’s stock valued at $5,923,000 after buying an additional 1,044 shares during the period. Finally, Clearbridge Investments LLC acquired a new stake in shares of Deckers Outdoor in the 2nd quarter valued at $1,381,000. Institutional investors own 97.79% of the company’s stock.

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.