Deckers Outdoor (NYSE:DECK) PT Raised to $1,005.00

Deckers Outdoor (NYSE:DECK) had its price objective boosted by TD Cowen from $1,000.00 to $1,005.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. TD Cowen’s price objective points to a potential upside of 21.99% from the company’s current price.

A number of other research analysts have also recently issued reports on DECK. Raymond James boosted their target price on Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Piper Sandler boosted their price target on Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Wedbush restated an “outperform” rating and issued a $1,000.00 price target on shares of Deckers Outdoor in a report on Wednesday, April 10th. KeyCorp assumed coverage on Deckers Outdoor in a report on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price target on the stock. Finally, UBS Group boosted their price target on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $890.93.

Deckers Outdoor Stock Performance

NYSE:DECK traded up $4.65 on Thursday, reaching $823.85. The company’s stock had a trading volume of 95,372 shares, compared to its average volume of 433,297. Deckers Outdoor has a 1-year low of $424.36 and a 1-year high of $956.17. The firm has a market cap of $21.15 billion, a PE ratio of 29.71, a PEG ratio of 1.44 and a beta of 1.01. The business’s 50-day moving average price is $886.18 and its two-hundred day moving average price is $732.82.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the firm earned $10.48 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts expect that Deckers Outdoor will post 26.87 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $862.53, for a total value of $5,169,142.29. Following the sale, the chief executive officer now owns 98,218 shares in the company, valued at $84,715,971.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Lauri M. Shanahan sold 3,672 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $832.22, for a total value of $3,055,911.84. Following the transaction, the director now owns 4,515 shares of the company’s stock, valued at $3,757,473.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $862.53, for a total value of $5,169,142.29. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $84,715,971.54. The disclosure for this sale can be found here. Insiders have sold 30,464 shares of company stock worth $26,229,683 over the last 90 days. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in DECK. Morgan Stanley grew its position in shares of Deckers Outdoor by 82.6% in the third quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock valued at $599,633,000 after purchasing an additional 527,546 shares during the last quarter. Norges Bank acquired a new stake in Deckers Outdoor during the fourth quarter worth approximately $196,814,000. TD Asset Management Inc grew its position in Deckers Outdoor by 191.1% during the fourth quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock worth $204,505,000 after buying an additional 200,850 shares in the last quarter. Alliancebernstein L.P. grew its position in Deckers Outdoor by 205.2% during the second quarter. Alliancebernstein L.P. now owns 255,823 shares of the textile maker’s stock worth $134,988,000 after buying an additional 171,999 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Deckers Outdoor by 83.1% during the second quarter. Goldman Sachs Group Inc. now owns 362,863 shares of the textile maker’s stock worth $92,657,000 after buying an additional 164,730 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

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 in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.