Evercore ISI analyst Warren Cheng reiterated a Hold rating on Deckers Outdoor (DECK – Research Report) on January 31 and set a price target of $175.00. The company’s shares closed last Monday at $190.91, close to its 52-week high of $199.31.
According to TipRanks.com, Cheng is ranked #4222 out of 5849 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Deckers Outdoor with a $210.33 average price target, which is a 13.3% upside from current levels. In a report issued on January 17, Wedbush also maintained a Hold rating on the stock with a $163.00 price target.
Based on Deckers Outdoor’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $202 million. In comparison, last year the company had a net profit of $196 million.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DECK in relation to earlier this year.
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Deckers Outdoor Corp. engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer.