Jefferies Financial Group Raises Deckers Outdoor (NYSE:DECK) Price Target to $105.00

Deckers Outdoor (NYSE:DECK) had its target price hoisted by stock analysts at Jefferies Financial Group from $102.00 to $105.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the textile maker’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 7.68% from the company’s previous close.

Several other research firms also recently commented on DECK. Citigroup reissued a “buy” rating and issued a $130.00 target price (up from $120.00) on shares of Deckers Outdoor in a research report on Thursday, January 15th. TD Cowen reiterated a “buy” rating on shares of Deckers Outdoor in a report on Friday, October 24th. Wells Fargo & Company cut their target price on Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, October 24th. Stifel Nicolaus raised Deckers Outdoor from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research report on Tuesday, November 18th. Finally, Raymond James Financial set a $115.00 price objective on Deckers Outdoor and gave the company a “strong-buy” rating in a report on Friday, October 24th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Hold” and a consensus price target of $117.74.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $97.51 on Tuesday. The firm has a market cap of $14.21 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 4.52 and a beta of 1.15. The stock has a 50-day simple moving average of $99.14 and a 200-day simple moving average of $101.37. Deckers Outdoor has a 52-week low of $78.91 and a 52-week high of $223.98.

Insider Activity at Deckers Outdoor

In related news, insider Angela Ogbechie sold 1,460 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $81.45, for a total transaction of $118,917.00. Following the completion of the transaction, the insider owned 34,020 shares of the company’s stock, valued at approximately $2,770,929. The trade was a 4.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DECK. Park Place Capital Corp grew its stake in shares of Deckers Outdoor by 14.9% in the second quarter. Park Place Capital Corp now owns 771 shares of the textile maker’s stock worth $81,000 after acquiring an additional 100 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Perigon Wealth Management LLC grew its position in Deckers Outdoor by 4.3% in the 3rd quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock worth $263,000 after purchasing an additional 106 shares during the last quarter. American National Bank & Trust increased its holdings in shares of Deckers Outdoor by 77.4% during the 3rd quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after purchasing an additional 106 shares during the period. Finally, RB Capital Management LLC raised its position in shares of Deckers Outdoor by 1.0% during the third quarter. RB Capital Management LLC now owns 10,679 shares of the textile maker’s stock valued at $1,083,000 after buying an additional 110 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

About Deckers Outdoor

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.