UBS Group Increases Deckers Outdoor (NYSE:DECK) Price Target to $158.00

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price target upped by investment analysts at UBS Group from $150.00 to $158.00 in a research note issued on Wednesday, MarketBeat reports. The brokerage currently has a "buy" rating on the textile maker's stock. UBS Group's price objective points to a potential upside of 30.38% from the stock's previous close.

A number of other research analysts have also recently commented on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. KeyCorp reduced their target price on Deckers Outdoor from $230.00 to $150.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 29th. Piper Sandler lowered their target price on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Raymond James upgraded shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and cut their price target for the stock from $235.00 to $150.00 in a report on Thursday, April 10th. Finally, Guggenheim reiterated a "neutral" rating on shares of Deckers Outdoor in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $167.55.

Deckers Outdoor Trading Down 3.5 %

Shares of NYSE DECK traded down $4.44 during trading hours on Wednesday, hitting $121.18. 2,249,144 shares of the company traded hands, compared to its average volume of 2,408,436. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. The company's 50 day moving average price is $114.18 and its 200 day moving average price is $160.72. Deckers Outdoor has a 12 month low of $93.72 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results 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 net margin of 19.14% and a return on equity of 41.71%. Equities analysts anticipate that Deckers Outdoor will post 5.89 EPS for the current year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now owns 241,777 shares in the company, valued at $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake in Deckers Outdoor by 109.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock valued at $91,965,000 after purchasing an additional 235,091 shares during the last quarter. Navellier & Associates Inc. boosted its position in Deckers Outdoor by 6.4% in the fourth quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock valued at $6,053,000 after buying an additional 1,791 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in Deckers Outdoor by 62.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock worth $1,407,000 after buying an additional 2,668 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Deckers Outdoor by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock worth $203,300,000 after buying an additional 32,318 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Deckers Outdoor by 11.0% in the 4th quarter. Amundi now owns 1,088,351 shares of the textile maker's stock valued at $225,855,000 after acquiring an additional 108,054 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

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.