Deckers Outdoor (NYSE:DECK) PT Raised to $185.00

Deckers Outdoor (NYSE:DECK) had its price target raised by investment analysts at TD Cowen from $178.00 to $185.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. TD Cowen’s target price would indicate a potential upside of 10.05% from the company’s previous close.

Several other research analysts have also recently weighed in on DECK. Telsey Advisory Group upped their price objective on shares of Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday. Bank of America raised their price objective on shares of Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a research report on Friday. Seaport Res Ptn lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Wedbush restated an “outperform” rating and set a $28.61 price target on shares of Deckers Outdoor in a research report on Friday, July 26th. Finally, StockNews.com lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus target price of $149.50.

Deckers Outdoor Price Performance

DECK opened at $168.11 on Friday. The firm has a market capitalization of $4.28 billion, a P/E ratio of 5.74, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a one year low of $80.67 and a one year high of $184.48. The company has a fifty day moving average price of $105.11 and a 200-day moving average price of $53.38.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the business earned $1.14 earnings per share. The firm’s revenue was up 20.1% on a year-over-year basis. On average, analysts expect that Deckers Outdoor will post 5.22 earnings per share for the current year.

Insider Activity

In related news, Director David Powers sold 140,832 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was 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 of the company’s stock, valued at approximately $26,973,539.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Powers sold 140,832 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the completion of the sale, the director now directly owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. AMF Tjanstepension AB raised its stake in Deckers Outdoor by 495.7% in the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock worth $151,924,000 after buying an additional 792,849 shares in the last quarter. abrdn plc lifted its stake in shares of Deckers Outdoor by 568.7% in the 3rd quarter. abrdn plc now owns 794,095 shares of the textile maker’s stock valued at $126,992,000 after purchasing an additional 675,347 shares during the period. Vanguard Group Inc. boosted its position in shares of Deckers Outdoor by 18.9% during the first quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock valued at $2,751,448,000 after purchasing an additional 464,020 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in Deckers Outdoor by 650.1% in the third quarter. Wedge Capital Management L L P NC now owns 304,354 shares of the textile maker’s stock worth $48,529,000 after purchasing an additional 263,779 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Deckers Outdoor by 663.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 214,592 shares of the textile maker’s stock worth $34,217,000 after purchasing an additional 186,483 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

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.