Deckers Outdoor (NYSE:DECK) Price Target Raised to $1,075.00

Deckers Outdoor (NYSE:DECK) had its price target increased by Robert W. Baird from $1,050.00 to $1,075.00 in a research report report published on Friday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the textile maker’s stock.

Several other equities analysts have also issued reports on the stock. Wedbush reissued an outperform rating and issued a $1,030.00 price target on shares of Deckers Outdoor in a report on Thursday, July 11th. Barclays dropped their price target on Deckers Outdoor from $1,110.00 to $1,026.00 and set an overweight rating on the stock in a research report on Tuesday, May 21st. Truist Financial raised Deckers Outdoor from a hold rating to a buy rating and increased their target price for the stock from $1,011.00 to $1,200.00 in a research note on Tuesday, May 28th. BTIG Research lifted their price target on shares of Deckers Outdoor from $1,120.00 to $1,200.00 and gave the company a buy rating in a research note on Tuesday, June 25th. Finally, UBS Group increased their price objective on shares of Deckers Outdoor from $1,150.00 to $1,265.00 and gave the stock a buy rating in a research report on Friday, May 24th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $1,040.13.

Deckers Outdoor Price Performance

DECK opened at $921.22 on Friday. Deckers Outdoor has a fifty-two week low of $484.02 and a fifty-two week high of $1,106.89. The company has a market cap of $23.41 billion, a price-to-earnings ratio of 31.45, a price-to-earnings-growth ratio of 2.93 and a beta of 1.06. The firm has a 50 day simple moving average of $971.00 and a 200 day simple moving average of $894.29.

Shares of Deckers Outdoor are set to split on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data 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 business had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.41 earnings per share. As a group, analysts expect that Deckers Outdoor will post 31.23 EPS for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, insider Thomas Garcia sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $1,074.86, for a total transaction of $4,299,440.00. Following the completion of the transaction, the insider now owns 11,654 shares of the company’s stock, valued at $12,526,418.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Thomas Garcia sold 4,000 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $1,074.86, for a total transaction of $4,299,440.00. Following the completion of the transaction, the insider now directly owns 11,654 shares of the company’s stock, valued at approximately $12,526,418.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Angela Ogbechie sold 153 shares of Deckers Outdoor stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total value of $164,923.29. Following the completion of the transaction, the insider now directly owns 3,779 shares in the company, valued at $4,073,497.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,108 shares of company stock worth $23,919,671. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its position in Deckers Outdoor by 12.7% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,547 shares of the textile maker’s stock valued at $6,337,000 after acquiring an additional 737 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of Deckers Outdoor during the second quarter valued at approximately $34,000. UMB Bank n.a. grew its holdings in Deckers Outdoor by 2,242.7% during the second quarter. UMB Bank n.a. now owns 3,514 shares of the textile maker’s stock worth $3,401,000 after buying an additional 3,364 shares in the last quarter. Panagora Asset Management Inc. raised its position in Deckers Outdoor by 14.9% in the 2nd quarter. Panagora Asset Management Inc. now owns 45,038 shares of the textile maker’s stock valued at $43,595,000 after buying an additional 5,846 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Deckers Outdoor by 116.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,903 shares of the textile maker’s stock valued at $27,977,000 after acquiring an additional 15,565 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.