Deckers Outdoor (NYSE:DECK) Price Target Raised to $307.00 at BTIG Research

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Deckers Outdoor (NYSE:DECK) had its price target boosted by research analysts at BTIG Research from $291.00 to $307.00 in a report issued on Friday, The Fly reports. BTIG Research’s price objective would suggest a potential upside of 20.08% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Exane BNP Paribas raised Deckers Outdoor from a “neutral” rating to an “outperform” rating in a research note on Monday, October 12th. UBS Group assumed coverage on Deckers Outdoor in a research note on Wednesday, July 22nd. They set a “buy” rating and a $250.00 target price for the company. Robert W. Baird raised their target price on Deckers Outdoor from $240.00 to $325.00 in a research note on Friday. Telsey Advisory Group upped their target price on Deckers Outdoor from $240.00 to $275.00 and gave the company an “outperform” rating in a report on Monday. Finally, 140166 reaffirmed a “buy” rating and set a $250.00 target price on shares of Deckers Outdoor in a report on Thursday, July 30th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $243.50.

DECK traded down $2.10 during trading on Friday, reaching $255.67. 15,311 shares of the company were exchanged, compared to its average volume of 449,349. The stock has a market cap of $7.22 billion, a P/E ratio of 24.87, a PEG ratio of 1.60 and a beta of 0.81. The firm has a 50 day moving average of $233.18 and a 200 day moving average of $195.85. The company has a current ratio of 3.27, a quick ratio of 2.16 and a debt-to-equity ratio of 0.03. Deckers Outdoor has a 52 week low of $78.70 and a 52 week high of $267.10.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 29th. The textile maker reported $3.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.90. Deckers Outdoor had a return on equity of 26.64% and a net margin of 13.44%. The company had revenue of $623.50 million during the quarter, compared to analysts’ expectations of $558.22 million. During the same quarter in the prior year, the business posted $2.71 earnings per share. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, analysts forecast that Deckers Outdoor will post 9.36 earnings per share for the current fiscal year.

In other Deckers Outdoor news, SVP Thomas Garcia sold 2,247 shares of Deckers Outdoor stock in a transaction on Friday, October 16th. The stock was sold at an average price of $264.00, for a total value of $593,208.00. Following the completion of the transaction, the senior vice president now owns 14,236 shares in the company, valued at approximately $3,758,304. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO David E. Lafitte sold 500 shares of Deckers Outdoor stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $210.79, for a total value of $105,395.00. Following the completion of the transaction, the chief operating officer now owns 29,574 shares of the company’s stock, valued at approximately $6,233,903.46. The disclosure for this sale can be found here. Insiders have sold a total of 25,236 shares of company stock valued at $5,664,601 in the last 90 days. 1.33% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of Deckers Outdoor by 57.8% in the 1st quarter. Royal Bank of Canada now owns 37,251 shares of the textile maker’s stock valued at $4,992,000 after buying an additional 13,651 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Deckers Outdoor by 4.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 24,526 shares of the textile maker’s stock valued at $5,396,000 after buying an additional 1,033 shares during the period. Advisor Group Holdings Inc. acquired a new stake in shares of Deckers Outdoor in the 1st quarter valued at $1,255,000. Louisiana State Employees Retirement System increased its stake in shares of Deckers Outdoor by 2.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the textile maker’s stock valued at $1,375,000 after buying an additional 200 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Deckers Outdoor by 1.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 56,982 shares of the textile maker’s stock valued at $7,636,000 after buying an additional 1,070 shares during the period.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sport sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.

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