Brokerages Set Deckers Outdoor Corporation (NYSE:DECK) Target Price at $137.66

Shares of Deckers Outdoor Corporation (NYSE:DECK - Get Free Report) have received an average recommendation of "Hold" from the twenty-five ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $137.66.

A number of equities research analysts have recently weighed in on DECK shares. UBS Group set a $169.00 price objective on Deckers Outdoor and gave the company a "buy" rating in a research note on Friday, May 23rd. Needham & Company LLC set a $150.00 target price on Deckers Outdoor and gave the company a "buy" rating in a report on Wednesday, May 21st. Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. Stifel Nicolaus lowered their price objective on Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Finally, Telsey Advisory Group cut shares of Deckers Outdoor from an "outperform" rating to a "market perform" rating in a report on Friday, May 23rd.

Insider Activity

In other Deckers Outdoor news, insider Angela Ogbechie sold 6,244 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total transaction of $648,689.16. Following the completion of the sale, the insider directly owned 19,980 shares of the company's stock, valued at approximately $2,075,722.20. This trade represents a 23.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $109.08, for a total value of $32,724.00. Following the completion of the transaction, the director directly owned 10,681 shares in the company, valued at approximately $1,165,083.48. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Congress Park Capital LLC raised its holdings in Deckers Outdoor by 6.1% during the second quarter. Congress Park Capital LLC now owns 7,103 shares of the textile maker's stock worth $732,000 after purchasing an additional 409 shares in the last quarter. Busey Bank purchased a new stake in shares of Deckers Outdoor during the 2nd quarter worth $9,837,000. Silver Oak Securities Incorporated grew its stake in shares of Deckers Outdoor by 75.8% during the 2nd quarter. Silver Oak Securities Incorporated now owns 4,250 shares of the textile maker's stock worth $438,000 after purchasing an additional 1,833 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Deckers Outdoor by 20.2% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 30,974 shares of the textile maker's stock worth $3,189,000 after purchasing an additional 5,200 shares during the period. Finally, IFM Investors Pty Ltd increased its holdings in shares of Deckers Outdoor by 8.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 34,399 shares of the textile maker's stock valued at $3,546,000 after purchasing an additional 2,676 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Down 3.0%

NYSE DECK traded down $3.18 during trading hours on Tuesday, reaching $101.77. The company had a trading volume of 3,166,932 shares, compared to its average volume of 2,652,716. The stock has a market capitalization of $15.21 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 6.38 and a beta of 0.99. The stock has a 50-day moving average of $110.62 and a 200 day moving average of $137.55. Deckers Outdoor has a 1-year low of $93.72 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The textile maker reported $1.00 EPS for the quarter, topping the consensus estimate of $0.57 by $0.43. Deckers Outdoor had a net margin of 19.49% and a return on equity of 41.17%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted $0.82 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Deckers Outdoor will post 5.89 EPS for the current year.

Deckers Outdoor declared that its Board of Directors has approved a share repurchase plan on Thursday, May 22nd that allows the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization allows the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.