Deckers Outdoor (NYSE:DECK) Price Target Increased to $185.00 by Analysts at Evercore ISI

Deckers Outdoor (NYSE:DECK) had its price target increased by Evercore ISI from $183.00 to $185.00 in a report released on Wednesday morning, Benzinga reports. They currently have an outperform rating on the textile maker’s stock.

Several other equities analysts have also recently issued reports on DECK. Seaport Res Ptn cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Wells Fargo & Company dropped their target price on shares of Deckers Outdoor from $1,000.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Monday, September 23rd. Robert W. Baird lifted their target price on shares of Deckers Outdoor from $29.17 to $29.86 and gave the stock an “outperform” rating in a research report on Friday, July 26th. BTIG Research lifted their target price on shares of Deckers Outdoor from $31.11 to $33.33 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Finally, Piper Sandler reissued a “neutral” rating and issued a $27.78 target price on shares of Deckers Outdoor in a research report on Friday, August 23rd. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.41.

Deckers Outdoor Price Performance

Shares of DECK opened at $161.16 on Wednesday. The firm’s 50 day moving average is $86.55 and its 200-day moving average is $46.85. The stock has a market capitalization of $4.10 billion, a P/E ratio of 5.50, a P/E/G ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a 12-month low of $80.67 and a 12-month high of $184.48.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. 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 18.45% and a return on equity of 40.52%. The business’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS. As a group, equities research analysts forecast that Deckers Outdoor will post 5.22 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the sale, the chief financial officer now directly owns 161,838 shares in the company, valued at $26,973,539.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director David Powers sold 140,832 shares of the business’s stock in a transaction on Friday, September 6th. The shares were 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 in the company, valued at approximately $58,756,760.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 161,838 shares of the company’s stock, valued at $26,973,539.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

A number of institutional investors and hedge funds have recently modified their holdings of DECK. SageView Advisory Group LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter worth $261,000. B. Riley Wealth Advisors Inc. increased its position in Deckers Outdoor by 2.2% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 1,768 shares of the textile maker’s stock worth $1,182,000 after acquiring an additional 38 shares during the period. HighPoint Advisor Group LLC bought a new position in Deckers Outdoor during the fourth quarter worth $163,000. Los Angeles Capital Management LLC bought a new position in Deckers Outdoor during the first quarter worth $10,879,000. Finally, GAMMA Investing LLC increased its position in Deckers Outdoor by 20.5% during the first quarter. GAMMA Investing LLC now owns 229 shares of the textile maker’s stock worth $216,000 after acquiring an additional 39 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.