Deckers Outdoor (NYSE:DECK) Rating Increased to Buy at Citigroup

Citigroup upgraded shares of Deckers Outdoor (NYSE:DECK) from a neutral rating to a buy rating in a report released on Friday, MarketBeat.com reports. They currently have $215.00 price target on the textile maker’s stock.

Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC reissued a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. BTIG Research downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus boosted their target price on Deckers Outdoor from $181.00 to $185.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, Piper Sandler set a $166.00 price objective on Deckers Outdoor in a report on Thursday, October 17th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor currently has an average rating of “Moderate Buy” and an average price target of $197.41.

Deckers Outdoor Stock Down 2.3 %

Deckers Outdoor stock opened at $168.18 on Friday. The company has a fifty day simple moving average of $204.11 and a 200-day simple moving average of $140.18. The firm has a market capitalization of $25.55 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 1.85 and a beta of 1.07. Deckers Outdoor has a 52-week low of $131.39 and a 52-week high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, research analysts anticipate that Deckers Outdoor will post 5.92 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In related news, CEO Caroti Stefano sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the completion of the sale, the chief executive officer now directly owns 273,540 shares in the company, valued at approximately $48,069,184.20. The trade was a 5.20 % 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. Also, insider Anne Spangenberg sold 3,882 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $186.43, for a total value of $723,721.26. Following the sale, the insider now owns 67,434 shares of the company’s stock, valued at $12,571,720.62. This represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,956 shares of company stock valued at $10,387,731. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently bought and sold shares of the stock. Solstein Capital LLC raised its stake in shares of Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Bell Investment Advisors Inc boosted its holdings in Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the period. Global Trust Asset Management LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after buying an additional 200 shares during the last quarter. Finally, Rakuten Securities Inc. raised its stake in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

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.