BTIG Research Raises Deckers Outdoor (NYSE:DECK) Price Target to $1,200.00

Deckers Outdoor (NYSE:DECK) had its price objective upped by BTIG Research from $1,120.00 to $1,200.00 in a research note published on Tuesday, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Other analysts have also issued research reports about the company. Wedbush upped their target price on Deckers Outdoor from $1,000.00 to $1,030.00 and gave the stock an outperform rating in a research note on Friday, May 24th. Truist Financial upgraded Deckers Outdoor from a hold rating to a buy rating and increased their price objective for the stock from $1,011.00 to $1,200.00 in a report on Tuesday, May 28th. Bank of America increased their price objective on Deckers Outdoor from $860.00 to $1,020.00 and gave the stock a neutral rating in a report on Friday, May 24th. TD Cowen increased their target price on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a buy rating in a research note on Friday, May 24th. Finally, Robert W. Baird increased their price objective on Deckers Outdoor from $975.00 to $1,050.00 and gave the company an outperform rating in a research report on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $1,023.44.

Deckers Outdoor Trading Up 2.0 %

Deckers Outdoor stock opened at $1,000.69 on Tuesday. Deckers Outdoor has a 1-year low of $484.02 and a 1-year high of $1,106.89. The firm has a market capitalization of $25.46 billion, a price-to-earnings ratio of 34.16, a P/E/G ratio of 3.26 and a beta of 1.11. The firm has a 50 day simple moving average of $945.65 and a 200 day simple moving average of $858.33.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, topping the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The company had revenue of $959.76 million during the quarter, compared to analyst estimates of $892.00 million. During the same quarter in the previous year, the firm earned $3.46 earnings per share. Deckers Outdoor’s revenue was up 21.2% on a year-over-year basis. On average, equities research analysts forecast that Deckers Outdoor will post 30.59 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other news, CEO David Powers sold 10,955 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the completion of the transaction, the chief executive officer now owns 76,006 shares in the company, valued at approximately $82,580,519. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO David Powers sold 10,955 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the completion of the transaction, the chief executive officer now owns 76,006 shares in the company, valued at approximately $82,580,519. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael F. Devine III sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $1,077.00, for a total value of $2,154,000.00. Following the transaction, the director now owns 6,204 shares of the company’s stock, valued at approximately $6,681,708. The disclosure for this sale can be found here. Insiders sold 28,101 shares of company stock worth $28,858,562 in the last quarter. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DECK. FinTrust Capital Advisors LLC increased its position in 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 buying an additional 35 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth about $33,000. Contravisory Investment Management Inc. purchased a new stake in shares of Deckers Outdoor in the first quarter worth about $36,000. FSC Wealth Advisors LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth about $39,000. Finally, EntryPoint Capital LLC boosted its position in Deckers Outdoor by 256.3% during the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after purchasing an additional 41 shares in the last quarter. 97.79% of the stock is 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.