Deckers Outdoor (NYSE:DECK) Price Target Raised to $1,055.00 at TD Cowen

Deckers Outdoor (NYSE:DECK) had its target price boosted by TD Cowen from $1,039.00 to $1,055.00 in a report published on Friday morning, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company boosted their price target on Deckers Outdoor from $775.00 to $1,000.00 and gave the stock an equal weight rating in a research note on Friday, May 24th. BTIG Research boosted their target price on shares of Deckers Outdoor from $1,120.00 to $1,200.00 and gave the stock a buy rating in a research report on Tuesday, June 25th. Barclays upped their price target on shares of Deckers Outdoor from $1,089.00 to $1,090.00 and gave the company an overweight rating in a research note on Friday. Telsey Advisory Group reiterated an outperform rating and set a $1,100.00 price objective on shares of Deckers Outdoor in a research note on Friday. Finally, Robert W. Baird increased their price target on Deckers Outdoor from $1,050.00 to $1,075.00 and gave the stock an outperform rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Deckers Outdoor has an average rating of Moderate Buy and an average price target of $1,040.13.

Deckers Outdoor Stock Performance

DECK stock opened at $921.22 on Friday. Deckers Outdoor has a one year low of $484.02 and a one year high of $1,106.89. The firm has a market cap of $23.41 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.93 and a beta of 1.06. The firm has a 50-day simple moving average of $971.00 and a two-hundred day simple moving average of $894.29.

Deckers Outdoor’s stock is scheduled to split before the market opens on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly issued shares will be issued to shareholders after the closing bell on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, July 25th. The textile maker reported $4.52 earnings per share for the quarter, beating the consensus estimate of $3.59 by $0.93. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The company had revenue of $825.30 million during the quarter, compared to the consensus estimate of $808.40 million. During the same period last year, the firm earned $2.41 earnings per share. Deckers Outdoor’s revenue was up 22.1% compared to the same quarter last year. As a group, equities analysts predict that Deckers Outdoor will post 31.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Deckers Outdoor 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 transaction, the chief executive officer now owns 76,006 shares of the company’s stock, valued at $82,580,519. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO David Powers sold 10,955 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the sale, the chief executive officer now owns 76,006 shares of the company’s stock, valued at approximately $82,580,519. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas Garcia sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $1,074.86, for a total value of $4,299,440.00. Following the sale, the insider now directly owns 11,654 shares of the company’s stock, valued at $12,526,418.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,108 shares of company stock worth $23,919,671. 0.70% of the stock is owned by insiders.

Institutional Trading of Deckers Outdoor

Several hedge funds have recently made changes to their positions in DECK. Handelsbanken Fonder AB boosted its holdings in Deckers Outdoor by 12.4% in the fourth quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock valued at $3,639,000 after purchasing an additional 600 shares during the period. Chevy Chase Trust Holdings LLC grew its position in shares of Deckers Outdoor by 285.2% in the 1st quarter. Chevy Chase Trust Holdings LLC now owns 17,853 shares of the textile maker’s stock valued at $16,804,000 after buying an additional 13,218 shares during the last quarter. Intrust Bank NA grew its holdings in shares of Deckers Outdoor by 1.3% during the fourth quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock worth $1,976,000 after purchasing an additional 38 shares during the last quarter. Cim LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth about $2,311,000. Finally, Advisors Preferred LLC acquired a new stake in Deckers Outdoor during the 4th quarter worth approximately $2,271,000. 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.