Deckers Outdoor (NYSE:DECK) Price Target Raised to $185.00 at Evercore ISI

Deckers Outdoor (NYSE:DECK) had its target price raised by Evercore ISI from $183.00 to $185.00 in a research note released on Wednesday morning, Benzinga reports. They currently have an outperform rating on the textile maker’s stock.

Several other equities research analysts have also weighed in on the stock. Truist Financial upped their target price on shares of Deckers Outdoor from $204.17 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Barclays lowered their target price on shares of Deckers Outdoor from $1,090.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. BTIG Research upped their target price on shares of Deckers Outdoor from $31.11 to $33.33 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Wells Fargo & Company lowered their target price on shares of Deckers Outdoor from $1,000.00 to $165.00 and set an “equal weight” rating on the stock in a report on Monday, September 23rd. Finally, Stifel Nicolaus reduced their price target on shares of Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating on the stock in a research report on Tuesday, September 17th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $96.41.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $161.16 on Wednesday. The firm has a market capitalization of $4.10 billion, a PE ratio of 5.50, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. The company’s fifty day moving average price is $86.55 and its two-hundred day moving average price is $46.85. Deckers Outdoor has a 52-week low of $80.67 and a 52-week high of $184.48.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The business had revenue of $825.30 million for the quarter, compared to analyst estimates of $808.40 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Analysts predict that Deckers Outdoor will post 5.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the transaction, the chief financial officer now directly owns 161,838 shares in the company, valued at approximately $26,973,539.46. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the transaction, the director now directly owns 2,450,808 shares in the company, valued at approximately $58,756,760.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the transaction, the chief financial officer now owns 161,838 shares in the company, valued at approximately $26,973,539.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SageView Advisory Group LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $261,000. B. Riley Wealth Advisors Inc. increased its stake in shares of Deckers Outdoor by 2.2% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 1,768 shares of the textile maker’s stock valued at $1,182,000 after acquiring an additional 38 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $163,000. Los Angeles Capital Management LLC bought a new stake in shares of Deckers Outdoor in the 1st quarter valued at about $10,879,000. Finally, GAMMA Investing LLC increased its stake in shares of Deckers Outdoor by 20.5% in the 1st quarter. GAMMA Investing LLC now owns 229 shares of the textile maker’s stock valued at $216,000 after acquiring an additional 39 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.