Deckers Outdoor (NYSE:DECK) PT Set at $150.00 by Needham & Company LLC

Deckers Outdoor (NYSE:DECK - Get Free Report) has been assigned a $150.00 price objective by stock analysts at Needham & Company LLC in a report issued on Wednesday, Marketbeat reports. The firm currently has a "buy" rating on the textile maker's stock. Needham & Company LLC's price target points to a potential upside of 18.35% from the stock's current price.

A number of other equities research analysts have also commented on the stock. TD Securities upped their price objective on shares of Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday. Citigroup reduced their price objective on shares of Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Barclays reduced their price objective on shares of Deckers Outdoor from $231.00 to $129.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company upped their price objective on shares of Deckers Outdoor from $115.00 to $120.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Bank of America upped their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $157.79.

Deckers Outdoor Price Performance

DECK opened at $126.74 on Wednesday. Deckers Outdoor has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The firm has a market capitalization of $19.24 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 1.68 and a beta of 1.11. The company's 50 day moving average price is $114.83 and its two-hundred day moving average price is $158.54.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.45. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. During the same quarter last year, the business posted $0.82 EPS. The firm's revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that Deckers Outdoor will post 5.89 EPS for the current year.

Deckers Outdoor declared that its board has authorized a stock buyback program on Thursday, May 22nd that allows the company to buyback $2.25 billion in outstanding shares. This buyback authorization allows the textile maker to reacquire up to 11.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Insiders Place Their Bets

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

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in DECK. JPMorgan Chase & Co. raised its holdings in shares of Deckers Outdoor by 929.0% in the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after purchasing an additional 1,170,855 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $281,000. Ameritas Advisory Services LLC bought a new position in Deckers Outdoor during the fourth quarter valued at about $294,000. Atomi Financial Group Inc. grew its position in Deckers Outdoor by 6.5% during the fourth quarter. Atomi Financial Group Inc. now owns 1,345 shares of the textile maker's stock valued at $273,000 after buying an additional 82 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in Deckers Outdoor by 1.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 71,656 shares of the textile maker's stock valued at $14,553,000 after buying an additional 1,046 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.