Deckers Outdoor (NYSE:DECK) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Deckers Outdoor (NYSE:DECK) had its price objective lifted by investment analysts at Jefferies Financial Group from $102.00 to $105.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the textile maker’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 4.78% from the company’s previous close.

Several other research firms have also recently commented on DECK. Guggenheim began coverage on Deckers Outdoor in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Truist Financial set a $115.00 price target on Deckers Outdoor in a research note on Wednesday, January 14th. Barclays cut their price objective on shares of Deckers Outdoor from $141.00 to $113.00 and set an “overweight” rating on the stock in a research note on Monday, October 27th. Needham & Company LLC reiterated a “buy” rating on shares of Deckers Outdoor in a research report on Thursday, January 8th. Finally, Piper Sandler cut shares of Deckers Outdoor from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $100.00 to $85.00 in a research note on Wednesday, January 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Hold” and an average price target of $117.74.

Deckers Outdoor Trading Down 1.1%

Deckers Outdoor stock traded down $1.09 during midday trading on Tuesday, reaching $100.21. 334,681 shares of the stock traded hands, compared to its average volume of 2,553,559. Deckers Outdoor has a fifty-two week low of $78.91 and a fifty-two week high of $223.98. The firm has a market cap of $14.60 billion, a price-to-earnings ratio of 14.75, a PEG ratio of 4.51 and a beta of 1.15. The firm has a fifty day moving average price of $98.53 and a two-hundred day moving average price of $101.41.

Insider Buying and Selling at Deckers Outdoor

In related news, insider Angela Ogbechie sold 1,460 shares of Deckers Outdoor stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $81.45, for a total value of $118,917.00. Following the transaction, the insider owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. This trade represents a 4.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. American National Bank & Trust lifted its position in shares of Deckers Outdoor by 77.4% in the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after acquiring an additional 106 shares in the last quarter. True Wealth Design LLC raised its stake in Deckers Outdoor by 2,440.0% during the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 244 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Deckers Outdoor in the third quarter worth $30,000. Finally, CVA Family Office LLC grew its holdings in shares of Deckers Outdoor by 137.4% during the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock valued at $32,000 after buying an additional 180 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.