Deckers Outdoor (NYSE:DECK) Price Target Raised to $515.00 at Citigroup

Deckers Outdoor (NYSE:DECKGet Rating) had its price objective hoisted by analysts at Citigroup from $440.00 to $515.00 in a note issued to investors on Wednesday, The Fly reports. Citigroup’s target price suggests a potential upside of 21.82% from the company’s previous close.

DECK has been the topic of several other research reports. Cowen raised their target price on Deckers Outdoor from $393.00 to $450.00 in a research report on Tuesday, November 29th. Telsey Advisory Group raised their target price on Deckers Outdoor from $400.00 to $410.00 and gave the company an “outperform” rating in a research report on Friday, October 28th. UBS Group raised their target price on Deckers Outdoor from $400.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, October 28th. Cowen raised their target price on Deckers Outdoor from $393.00 to $450.00 in a research report on Tuesday, November 29th. Finally, Stifel Nicolaus raised their target price on Deckers Outdoor from $390.00 to $416.00 in a research report on Monday, November 7th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $428.31.

Deckers Outdoor Trading Up 0.1 %

Shares of DECK opened at $422.74 on Wednesday. Deckers Outdoor has a 12 month low of $212.93 and a 12 month high of $428.13. The stock’s 50 day moving average is $390.46 and its two-hundred day moving average is $349.30. The firm has a market cap of $11.19 billion, a P/E ratio of 25.79, a PEG ratio of 1.30 and a beta of 0.89.

Deckers Outdoor (NYSE:DECKGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The textile maker reported $3.80 EPS for the quarter, beating the consensus estimate of $3.66 by $0.14. Deckers Outdoor had a return on equity of 29.42% and a net margin of 13.13%. The company had revenue of $875.61 million for the quarter, compared to analyst estimates of $808.31 million. Equities research analysts forecast that Deckers Outdoor will post 18.11 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 1,000 shares of Deckers Outdoor stock in a transaction on Monday, January 9th. The stock was sold at an average price of $405.00, for a total value of $405,000.00. Following the sale, the chief financial officer now owns 28,793 shares in the company, valued at $11,661,165. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Steven J. Fasching sold 1,000 shares of Deckers Outdoor stock in a transaction on Monday, January 9th. The stock was sold at an average price of $405.00, for a total value of $405,000.00. Following the completion of the sale, the chief financial officer now directly owns 28,793 shares of the company’s stock, valued at $11,661,165. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David Powers sold 2,520 shares of Deckers Outdoor stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $397.36, for a total value of $1,001,347.20. Following the completion of the sale, the chief executive officer now directly owns 92,252 shares of the company’s stock, valued at $36,657,254.72. The disclosure for this sale can be found here. Insiders have sold 11,875 shares of company stock worth $4,515,149 over the last quarter. 0.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its stake in Deckers Outdoor by 70.3% during the 2nd quarter. Parallel Advisors LLC now owns 126 shares of the textile maker’s stock worth $32,000 after purchasing an additional 52 shares in the last quarter. Ronald Blue Trust Inc. lifted its holdings in Deckers Outdoor by 154.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 158 shares of the textile maker’s stock worth $41,000 after buying an additional 96 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Deckers Outdoor during the 4th quarter worth about $47,000. Lindbrook Capital LLC lifted its holdings in Deckers Outdoor by 136.0% during the 4th quarter. Lindbrook Capital LLC now owns 118 shares of the textile maker’s stock worth $47,000 after buying an additional 68 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Deckers Outdoor by 522.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 193 shares of the textile maker’s stock worth $48,000 after buying an additional 162 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

About Deckers Outdoor

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Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. The company offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.

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