Analysts Set Deckers Outdoor Corporation (NYSE:DECK) PT at $126.35

Deckers Outdoor Corporation (NYSE:DECK) has received a consensus recommendation of “Hold” from the twenty-five ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $125.60.

A number of research analysts recently issued reports on DECK shares. Truist Financial set a $132.00 target price on shares of Deckers Outdoor in a research report on Friday, January 30th. Raymond James Financial downgraded shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price for the company. in a research report on Thursday, April 23rd. BTIG Research restated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 30th. Piper Sandler restated an “underweight” rating and set a $95.00 target price (up from $85.00) on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, KGI Securities upgraded shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 target price for the company in a research report on Friday, January 30th.

Insider Activity at Deckers Outdoor

In related news, Director Lauri M. Shanahan sold 4,682 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $114.84, for a total transaction of $537,680.88. Following the completion of the transaction, the director directly owned 25,026 shares in the company, valued at $2,873,985.84. The trade was a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robin Spring-Green sold 347 shares of the business’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $113.78, for a total transaction of $39,481.66. Following the transaction, the insider owned 42,461 shares of the company’s stock, valued at $4,831,212.58. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,092 shares of company stock worth $1,048,552 over the last three months. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Pinnacle Investment Management Ltd purchased a new stake in shares of Deckers Outdoor during the third quarter worth about $2,027,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Deckers Outdoor by 46.2% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 59,800 shares of the textile maker’s stock worth $6,062,000 after purchasing an additional 18,900 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Deckers Outdoor by 24.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 407,698 shares of the textile maker’s stock worth $43,538,000 after purchasing an additional 81,345 shares in the last quarter. Nordea Investment Management AB grew its stake in Deckers Outdoor by 980.5% during the 3rd quarter. Nordea Investment Management AB now owns 359,343 shares of the textile maker’s stock valued at $36,312,000 after acquiring an additional 326,086 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in Deckers Outdoor during the 3rd quarter valued at about $1,142,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Down 2.2%

Shares of NYSE DECK opened at $100.42 on Monday. The business’s 50 day moving average price is $105.05 and its 200 day moving average price is $101.29. The firm has a market cap of $14.25 billion, a P/E ratio of 14.18, a P/E/G ratio of 2.20 and a beta of 1.14. Deckers Outdoor has a 52 week low of $78.91 and a 52 week high of $133.43.

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.