Stifel Nicolaus Increases Deckers Outdoor (NYSE:DECK) Price Target to $887.00

Deckers Outdoor (NYSE:DECK) had its price target lifted by equities research analysts at Stifel Nicolaus from $825.00 to $887.00 in a report released on Friday, Benzinga reports. The firm currently has a “hold” rating on the textile maker’s stock. Stifel Nicolaus’ price objective would suggest a potential downside of 1.76% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Truist Financial upped their price objective on shares of Deckers Outdoor from $1,200.00 to $1,225.00 and gave the stock a “buy” rating in a research report on Friday. Barclays reduced their target price on Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 21st. TD Cowen upped their price objective on shares of Deckers Outdoor from $1,005.00 to $1,039.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 target price on shares of Deckers Outdoor in a report on Friday. Finally, KeyCorp increased their price target on shares of Deckers Outdoor from $960.00 to $1,015.00 and gave the company an “overweight” rating in a report on Friday, May 24th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,029.81.

Deckers Outdoor Price Performance

NYSE:DECK traded up $61.38 during mid-day trading on Friday, reaching $902.88. The stock had a trading volume of 560,345 shares, compared to its average volume of 399,792. Deckers Outdoor has a 12 month low of $484.02 and a 12 month high of $1,106.89. The stock has a market capitalization of $22.94 billion, a PE ratio of 30.89, a P/E/G ratio of 2.81 and a beta of 1.06. The stock has a 50-day simple moving average of $970.49 and a two-hundred day simple moving average of $888.57.

Deckers Outdoor’s stock is scheduled to split on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly created shares will be distributed to shareholders after the market closes on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported $4.52 EPS for the quarter, topping analysts’ consensus estimates of $3.59 by $0.93. The company had revenue of $825.30 million for the quarter, compared to analysts’ expectations of $808.40 million. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. Deckers Outdoor’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.41 EPS. Equities analysts expect that Deckers Outdoor will post 30.81 EPS for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, Director Michael F. Devine III sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $1,077.00, for a total transaction of $2,154,000.00. Following the completion of the sale, the director now directly owns 6,204 shares in the company, valued at $6,681,708. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Michael F. Devine III sold 2,000 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $1,077.00, for a total transaction of $2,154,000.00. Following the sale, the director now owns 6,204 shares of the company’s stock, valued at $6,681,708. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David Powers sold 10,955 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 76,006 shares of the company’s stock, valued at approximately $82,580,519. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,108 shares of company stock worth $23,919,671. 0.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

Several large investors have recently modified their holdings of DECK. FinTrust Capital Advisors LLC boosted its holdings in Deckers Outdoor by 437.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after acquiring an additional 35 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in Deckers Outdoor in the first quarter valued at approximately $36,000. EntryPoint Capital LLC raised its stake in shares of Deckers Outdoor by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 41 shares during the period. JFS Wealth Advisors LLC boosted its stake in shares of Deckers Outdoor by 265.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 84 shares of the textile maker’s stock valued at $56,000 after purchasing an additional 61 shares in the last quarter. Finally, Rise Advisors LLC bought a new stake in shares of Deckers Outdoor in the first quarter worth about $61,000. 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.