Deckers Outdoor (NYSE:DECK) has been assigned a $137.00 price target by analysts at Canaccord Genuity in a report released on Friday, July 27th. The brokerage presently has a “buy” rating on the textile maker’s stock. Canaccord Genuity’s price target suggests a potential upside of 12.84% from the stock’s previous close.
A number of other analysts also recently commented on the stock. Pivotal Research set a $112.00 price target on shares of Deckers Outdoor and gave the stock a “hold” rating in a research report on Tuesday, May 22nd. Buckingham Research boosted their price target on shares of Deckers Outdoor from $95.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, May 25th. Zacks Investment Research downgraded shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. Tigress Financial cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 18th. They noted that the move was a valuation call. Finally, Telsey Advisory Group lifted their price objective on shares of Deckers Outdoor from $101.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, May 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $108.08.
NYSE:DECK traded up $0.13 during mid-day trading on Friday, hitting $121.41. The stock had a trading volume of 504,149 shares, compared to its average volume of 660,532. The company has a market cap of $3.69 billion, a PE ratio of 20.11, a P/E/G ratio of 1.67 and a beta of 1.00. Deckers Outdoor has a 52 week low of $61.37 and a 52 week high of $122.98. The company has a quick ratio of 1.70, a current ratio of 2.93 and a debt-to-equity ratio of 0.03.
In related news, Director Brian Spaly acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, July 31st. The shares were purchased at an average cost of $113.17 per share, with a total value of $113,170.00. Following the completion of the transaction, the director now owns 1,087 shares of the company’s stock, valued at approximately $123,015.79. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO David E. Lafitte sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $109.72, for a total transaction of $82,290.00. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in DECK. Teachers Advisors LLC lifted its stake in Deckers Outdoor by 15.1% in the fourth quarter. Teachers Advisors LLC now owns 208,621 shares of the textile maker’s stock valued at $16,742,000 after acquiring an additional 27,418 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $616,000. Millennium Management LLC lifted its stake in Deckers Outdoor by 183.5% in the fourth quarter. Millennium Management LLC now owns 44,526 shares of the textile maker’s stock valued at $3,573,000 after acquiring an additional 28,819 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Deckers Outdoor by 550.0% in the fourth quarter. Macquarie Group Ltd. now owns 7,800 shares of the textile maker’s stock valued at $626,000 after acquiring an additional 6,600 shares during the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $2,816,000.
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; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.
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