Brokerages Set Deckers Outdoor Co. (NYSE:DECK) Target Price at $870.93

Deckers Outdoor Co. (NYSE:DECK) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $890.93.

Several research firms have issued reports on DECK. Truist Financial reissued a “hold” rating and set a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Evercore ISI started coverage on Deckers Outdoor in a research note on Thursday, February 15th. They set an “outperform” rating and a $960.00 price objective for the company. TD Cowen raised their target price on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a research note on Thursday. Stifel Nicolaus lifted their price target on shares of Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a report on Friday, February 2nd. Finally, Piper Sandler increased their price objective on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th.

Deckers Outdoor Stock Down 0.8 %

Deckers Outdoor stock opened at $813.00 on Friday. The business has a 50-day simple moving average of $886.18 and a two-hundred day simple moving average of $732.82. Deckers Outdoor has a 52-week low of $424.36 and a 52-week high of $956.17. The company has a market cap of $20.87 billion, a P/E ratio of 29.24, a P/E/G ratio of 1.44 and a beta of 1.01.

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

Insider Transactions at Deckers Outdoor

In related news, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total value of $264,212.69. Following the sale, the insider now owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total transaction of $264,212.69. Following the sale, the insider now directly owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bonita C. Stewart sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total transaction of $3,048,885.00. Following the transaction, the director now directly owns 8,863 shares in the company, valued at $7,720,647.93. The disclosure for this sale can be found here. Insiders have sold 30,464 shares of company stock valued at $26,229,683 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds have recently made changes to their positions in DECK. HighTower Advisors LLC lifted its stake in Deckers Outdoor by 13.7% in the first quarter. HighTower Advisors LLC now owns 3,294 shares of the textile maker’s stock worth $902,000 after acquiring an additional 398 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Deckers Outdoor by 7.1% in the 1st quarter. Great West Life Assurance Co. Can now owns 15,156 shares of the textile maker’s stock valued at $4,272,000 after purchasing an additional 1,001 shares in the last quarter. Vontobel Holding Ltd. purchased a new stake in shares of Deckers Outdoor in the 1st quarter worth approximately $882,000. Sei Investments Co. boosted its stake in shares of Deckers Outdoor by 53.1% during the first quarter. Sei Investments Co. now owns 35,845 shares of the textile maker’s stock valued at $9,811,000 after purchasing an additional 12,439 shares in the last quarter. Finally, Aviva PLC boosted its stake in shares of Deckers Outdoor by 24.9% during the first quarter. Aviva PLC now owns 8,020 shares of the textile maker’s stock valued at $2,196,000 after purchasing an additional 1,597 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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.