Deckers Outdoor (NYSE:DECK) Price Target Increased to $1,011.00 by Analysts at Truist Financial

Deckers Outdoor (NYSE:DECK) had its price objective lifted by Truist Financial from $864.00 to $1,011.00 in a report released on Friday morning, Benzinga reports. They currently have a hold rating on the textile maker’s stock.

DECK has been the topic of a number of other reports. Evercore ISI boosted their target price on Deckers Outdoor from $960.00 to $1,110.00 and gave the stock an outperform rating in a research report on Friday. Barclays decreased their price objective on Deckers Outdoor from $1,110.00 to $1,026.00 and set an overweight rating on the stock in a research report on Tuesday. Wedbush restated an outperform rating and set a $1,000.00 price objective on shares of Deckers Outdoor in a research report on Monday, May 6th. UBS Group upped their price objective on Deckers Outdoor from $1,150.00 to $1,265.00 and gave the company a buy rating in a research report on Friday. Finally, Citigroup upped their price objective on Deckers Outdoor from $835.00 to $920.00 and gave the company a neutral rating in a research report on Wednesday, May 15th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Deckers Outdoor currently has a consensus rating of Moderate Buy and a consensus target price of $999.44.

Deckers Outdoor Stock Performance

Shares of Deckers Outdoor stock traded up $128.25 during trading hours on Friday, hitting $1,032.90. The company’s stock had a trading volume of 949,983 shares, compared to its average volume of 301,647. The business has a 50 day moving average price of $873.78 and a two-hundred day moving average price of $794.03. Deckers Outdoor has a 12-month low of $424.36 and a 12-month high of $1,036.98. The company has a market cap of $26.51 billion, a PE ratio of 35.26, a PEG ratio of 1.61 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, beating the consensus estimate of $2.82 by $2.13. The business had revenue of $959.76 million for the quarter, compared to the consensus estimate of $892.00 million. Deckers Outdoor had a return on equity of 39.90% and a net margin of 17.69%. The business’s revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.46 earnings per share. As a group, research analysts anticipate that Deckers Outdoor will post 29.7 earnings per share for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 98,218 shares in the company, valued at $80,942,435.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.70% of the stock is owned by company insiders.

Institutional Trading of Deckers Outdoor

Hedge funds and other institutional investors have recently made changes to their positions in the business. FinTrust Capital Advisors LLC lifted its holdings in shares of Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 35 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at $33,000. Contravisory Investment Management Inc. purchased a new stake in shares of Deckers Outdoor during the 1st quarter valued at $36,000. FSC Wealth Advisors LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at $39,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Deckers Outdoor by 170.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 51 shares during the last quarter. Hedge funds and other institutional investors 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.