Deckers Outdoor (NYSE:DECK) Shares to Split on Tuesday, September 17th

Deckers Outdoor Co. (NYSE:DECK)’s stock is set to split on Tuesday, September 17th. The 6-1 split was announced on Friday, July 12th. The newly issued shares will be payable to shareholders after the closing bell on Monday, September 16th.

Deckers Outdoor Price Performance

DECK stock opened at $935.07 on Friday. The company has a fifty day moving average price of $910.36 and a two-hundred day moving average price of $920.01. The stock has a market cap of $23.76 billion, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05. Deckers Outdoor has a one year low of $484.02 and a one year high of $1,106.89.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 25th. The textile maker reported $4.52 EPS for the quarter, beating the consensus estimate of $3.59 by $0.93. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The company had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. During the same period in the previous year, the company earned $2.41 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. Research analysts anticipate that Deckers Outdoor will post 31.6 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DECK. UBS Group lifted their price objective on shares of Deckers Outdoor from $1,265.00 to $1,350.00 and gave the company a “buy” rating in a report on Friday, July 26th. Barclays increased their target price on shares of Deckers Outdoor from $1,089.00 to $1,090.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. TD Cowen increased their target price on Deckers Outdoor from $1,039.00 to $1,055.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Truist Financial upped their price target on shares of Deckers Outdoor from $1,200.00 to $1,225.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company lifted their price objective on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, May 24th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,057.00.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 3,912 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $863.08, for a total transaction of $3,376,368.96. Following the sale, the director now directly owns 68,078 shares in the company, valued at approximately $58,756,760.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $206,000. QRG Capital Management Inc. purchased a new position in shares of Deckers Outdoor in the fourth quarter worth $502,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Deckers Outdoor by 12.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,283 shares of the textile maker’s stock valued at $8,332,000 after purchasing an additional 1,321 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Deckers Outdoor by 22.6% during the 4th quarter. Quadrant Capital Group LLC now owns 742 shares of the textile maker’s stock worth $496,000 after acquiring an additional 137 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its position in shares of Deckers Outdoor by 96.6% during the 4th quarter. Panagora Asset Management Inc. now owns 2,408 shares of the textile maker’s stock valued at $1,610,000 after buying an additional 1,183 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

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.