Deckers Outdoor Corporation (NYSE:DECK) Receives $126.35 Average PT from Brokerages

Shares of Deckers Outdoor Corporation (NYSE:DECK) have received an average recommendation of “Hold” from the twenty-five ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $125.60.

Several research analysts recently weighed in on the stock. KGI Securities raised shares of Deckers Outdoor from a “hold” rating to an “outperform” rating and set a $129.00 price objective on the stock in a research note on Friday, January 30th. Stifel Nicolaus raised their target price on shares of Deckers Outdoor from $117.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, January 30th. BTIG Research reiterated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 30th. Raymond James Financial cut Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective on the stock. in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group raised their price target on Deckers Outdoor from $102.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, January 27th.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Lauri M. Shanahan sold 4,682 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $114.84, for a total value of $537,680.88. Following the completion of the transaction, the director owned 25,026 shares of the company’s stock, valued at $2,873,985.84. This represents a 15.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anne Spangenberg sold 4,063 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $116.02, for a total value of $471,389.26. Following the completion of the transaction, the insider directly owned 80,449 shares of the company’s stock, valued at $9,333,692.98. This represents a 4.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 9,092 shares of company stock valued at $1,048,552. 0.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. American National Bank & Trust grew its position in shares of Deckers Outdoor by 77.4% in the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after buying an additional 106 shares during the last quarter. True Wealth Design LLC boosted its holdings in Deckers Outdoor by 2,440.0% in the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 244 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new stake in Deckers Outdoor during the 3rd quarter valued at approximately $30,000. Finally, Elyxium Wealth LLC bought a new position in Deckers Outdoor during the 4th quarter worth approximately $30,000. 97.79% of the stock is owned by institutional investors.

Deckers Outdoor Price Performance

DECK stock opened at $100.42 on Monday. The company has a 50 day moving average price of $105.05 and a 200 day moving average price of $101.29. Deckers Outdoor has a fifty-two week low of $78.91 and a fifty-two week high of $133.43. The stock has a market capitalization of $14.25 billion, a PE ratio of 14.18, a price-to-earnings-growth ratio of 2.15 and a beta of 1.14.

Deckers Outdoor Company Profile

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.