Deckers Outdoor (NYSE:DECK – Free Report) had its price target hoisted by Stifel Nicolaus from $550.00 to $600.00 in a research note issued to investors on Friday morning, FlyOnTheWall reports.
A number of other equities analysts have also weighed in on DECK. Citigroup increased their target price on Deckers Outdoor from $515.00 to $665.00 and gave the stock a buy rating in a research note on Friday, July 21st. TD Cowen lifted their price objective on shares of Deckers Outdoor from $560.00 to $575.00 and gave the stock an outperform rating in a research note on Tuesday, July 25th. Wedbush raised their target price on shares of Deckers Outdoor from $505.00 to $614.00 in a report on Wednesday, July 26th. Robert W. Baird boosted their price target on Deckers Outdoor from $575.00 to $620.00 and gave the company an outperform rating in a research note on Friday. Finally, UBS Group increased their target price on Deckers Outdoor from $715.00 to $720.00 and gave the stock a buy rating in a report on Friday. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $556.27.
Deckers Outdoor Stock Down 0.6 %
Shares of DECK stock opened at $534.06 on Friday. The firm has a market cap of $13.97 billion, a PE ratio of 26.50, a P/E/G ratio of 1.34 and a beta of 0.92. Deckers Outdoor has a 12 month low of $298.61 and a 12 month high of $562.97. The company’s fifty day simple moving average is $511.24 and its 200-day simple moving average is $466.14.
Insiders Place Their Bets
In other news, insider Angela Ogbechie sold 374 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $474.44, for a total value of $177,440.56. Following the sale, the insider now directly owns 2,799 shares in the company, valued at approximately $1,327,957.56. The sale was disclosed in a filing with the SEC, which is available through this link. In other Deckers Outdoor news, insider Angela Ogbechie sold 374 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $474.44, for a total transaction of $177,440.56. Following the sale, the insider now directly owns 2,799 shares of the company’s stock, valued at approximately $1,327,957.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Caroti Stefano sold 7,408 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $490.00, for a total value of $3,629,920.00. Following the completion of the transaction, the insider now directly owns 45,142 shares of the company’s stock, valued at approximately $22,119,580. The disclosure for this sale can be found here. Insiders have sold a total of 17,182 shares of company stock valued at $8,344,429 in the last quarter. Insiders own 0.70% of the company’s stock.
Institutional Investors Weigh In On Deckers Outdoor
A number of hedge funds and other institutional investors have recently bought and sold shares of DECK. Massmutual Trust Co. FSB ADV increased its holdings in shares of Deckers Outdoor by 100.0% during the first quarter. Massmutual Trust Co. FSB ADV now owns 72 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 36 shares in the last quarter. WealthPlan Investment Management LLC raised its stake in shares of Deckers Outdoor by 260.0% in the second quarter. WealthPlan Investment Management LLC now owns 180 shares of the textile maker’s stock worth $32,000 after purchasing an additional 130 shares during the last quarter. Tobam bought a new stake in Deckers Outdoor in the 4th quarter worth about $36,000. Janiczek Wealth Management LLC lifted its stake in Deckers Outdoor by 64.3% during the 2nd quarter. Janiczek Wealth Management LLC now owns 69 shares of the textile maker’s stock valued at $36,000 after acquiring an additional 27 shares during the period. Finally, Cutler Group LLC CA bought a new position in Deckers Outdoor during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 99.46% 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.
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