Evercore ISI Boosts Deckers Outdoor (NYSE:DECK) Price Target to $1,110.00

Deckers Outdoor (NYSE:DECK) had its target price raised by Evercore ISI from $960.00 to $1,110.00 in a research report report published on Friday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the textile maker’s stock.

Other research analysts also recently issued reports about the company. Raymond James increased their price objective on Deckers Outdoor from $585.00 to $845.00 and gave the stock an outperform rating in a report on Tuesday, January 30th. Stifel Nicolaus raised their price target on shares of Deckers Outdoor from $775.00 to $825.00 and gave the stock a hold rating in a research note on Friday. Citigroup boosted their price objective on shares of Deckers Outdoor from $835.00 to $920.00 and gave the stock a neutral rating in a research report on Wednesday, May 15th. Wedbush reaffirmed an outperform rating and issued a $1,000.00 target price on shares of Deckers Outdoor in a research report on Monday, May 6th. Finally, Bank of America lifted their price target on shares of Deckers Outdoor from $860.00 to $1,020.00 and gave the company a neutral rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Deckers Outdoor currently has an average rating of Moderate Buy and a consensus price target of $999.44.

Deckers Outdoor Stock Up 14.2 %

Deckers Outdoor stock opened at $1,032.90 on Friday. The company has a 50 day moving average of $873.78 and a 200-day moving average of $796.36. Deckers Outdoor has a twelve month low of $424.36 and a twelve month high of $1,036.98. The stock has a market capitalization of $26.51 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.83 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted 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 analysts’ expectations of $892.00 million. Deckers Outdoor had a net margin of 17.69% and a return on equity of 39.90%. The firm’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.46 EPS. Equities analysts anticipate that Deckers Outdoor will post 30.39 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

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 shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $80,942,435.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Morgan Stanley boosted its holdings in shares of Deckers Outdoor by 82.6% during the third quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock worth $599,633,000 after acquiring an additional 527,546 shares during the period. Vanguard Group Inc. grew its holdings in Deckers Outdoor by 18.9% during the 1st quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock worth $2,751,448,000 after acquiring an additional 464,020 shares during the last quarter. Norges Bank acquired a new position in Deckers Outdoor in the 4th quarter valued at approximately $196,814,000. TD Asset Management Inc raised its stake in shares of Deckers Outdoor by 191.1% during the fourth quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock valued at $204,505,000 after acquiring an additional 200,850 shares during the last quarter. Finally, Artisan Partners Limited Partnership acquired a new position in shares of Deckers Outdoor during the third quarter worth $72,727,000. Institutional investors and hedge funds 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.