Deckers Outdoor (NYSE:DECK) Price Target Raised to $1,200.00

Deckers Outdoor (NYSE:DECK) had its target price hoisted by BTIG Research from $1,120.00 to $1,200.00 in a research note published on Tuesday, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Other equities research analysts also recently issued research reports about the stock. Evercore ISI increased their target price on shares of Deckers Outdoor from $960.00 to $1,110.00 and gave the company an outperform rating in a research note on Friday, May 24th. TD Cowen raised their target price on shares of Deckers Outdoor from $1,005.00 to $1,039.00 and gave the company a buy rating in a research report on Friday, May 24th. Telsey Advisory Group raised their price target on shares of Deckers Outdoor from $985.00 to $1,100.00 and gave the company an outperform rating in a report on Tuesday, May 28th. Barclays lowered their price target on shares of Deckers Outdoor from $1,110.00 to $1,026.00 and set an overweight rating on the stock in a report on Tuesday, May 21st. Finally, Stifel Nicolaus lifted their target price on shares of Deckers Outdoor from $775.00 to $825.00 and gave the stock a hold rating in a research note on Friday, May 24th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $1,023.44.

Deckers Outdoor Trading Up 2.0 %

Shares of DECK stock opened at $1,000.69 on Tuesday. Deckers Outdoor has a 12 month low of $484.02 and a 12 month high of $1,106.89. The stock has a market cap of $25.46 billion, a P/E ratio of 34.16, a P/E/G ratio of 3.26 and a beta of 1.11. The company has a 50 day simple moving average of $945.65 and a two-hundred day simple moving average of $858.33.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $2.13. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The business had revenue of $959.76 million during the quarter, compared to analyst estimates of $892.00 million. During the same period in the prior year, the business posted $3.46 earnings per share. The company’s revenue was up 21.2% on a year-over-year basis. As a group, equities analysts forecast that Deckers Outdoor will post 30.59 earnings per share for the current year.

Insider Activity

In other news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Angela Ogbechie sold 153 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the sale, the insider now directly owns 3,779 shares in the company, valued at $4,073,497.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the sale, the chief executive officer now owns 98,218 shares in the company, valued at $80,942,435.98. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,101 shares of company stock valued at $28,858,562. 0.70% of the stock is currently owned by insiders.

Institutional Trading of Deckers Outdoor

A number of large investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its holdings in Deckers Outdoor by 1.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock valued at $632,000 after purchasing an additional 15 shares in the last quarter. Janiczek Wealth Management LLC boosted its holdings in shares of Deckers Outdoor by 20.8% in the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock valued at $62,000 after acquiring an additional 16 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Deckers Outdoor by 18.5% during the fourth quarter. First Horizon Advisors Inc. now owns 179 shares of the textile maker’s stock worth $120,000 after purchasing an additional 28 shares during the period. Dfpg Investments LLC lifted its holdings in shares of Deckers Outdoor by 3.9% during the fourth quarter. Dfpg Investments LLC now owns 847 shares of the textile maker’s stock worth $575,000 after purchasing an additional 32 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in shares of Deckers Outdoor by 27.1% during the fourth quarter. Lindbrook Capital LLC now owns 150 shares of the textile maker’s stock worth $100,000 after purchasing an additional 32 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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.