TD Cowen Increases Deckers Outdoor (NYSE:DECK) Price Target to $1,005.00

Deckers Outdoor (NYSE:DECK) had its price target boosted by TD Cowen from $1,000.00 to $1,005.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. TD Cowen’s price objective points to a potential upside of 25.56% from the company’s previous close.

Several other analysts have also commented on DECK. Wedbush reaffirmed an “outperform” rating and issued a $1,000.00 price objective on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Telsey Advisory Group reiterated an “outperform” rating and issued a $930.00 price objective on shares of Deckers Outdoor in a research note on Thursday, February 15th. UBS Group increased their price objective on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Truist Financial restated a “hold” rating and issued a $864.00 target price (down from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Finally, KeyCorp initiated coverage on Deckers Outdoor in a research note on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $890.93.

Deckers Outdoor Stock Down 1.6 %

DECK stock opened at $800.39 on Thursday. The firm has a market cap of $20.54 billion, a PE ratio of 28.79, a P/E/G ratio of 1.45 and a beta of 1.01. The business has a 50 day moving average of $885.79 and a 200-day moving average of $733.38. Deckers Outdoor has a 12-month low of $424.36 and a 12-month high of $956.17.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.40 by $3.71. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.48 EPS. On average, research analysts expect that Deckers Outdoor will post 26.87 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO David Powers sold 5,993 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the sale, the chief executive officer now owns 98,218 shares in the company, valued at $80,942,435.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the sale, the insider now owns 4,027 shares of the company’s stock, valued at approximately $3,399,311.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,464 shares of company stock valued at $26,229,683. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently modified their holdings of the business. FinTrust Capital Advisors LLC raised its holdings in shares of 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 position in shares of Deckers Outdoor during the 4th quarter valued at about $33,000. Contravisory Investment Management Inc. purchased a new position in shares of Deckers Outdoor during the 1st quarter valued at about $36,000. FSC Wealth Advisors LLC bought a new position in Deckers Outdoor during the 4th quarter worth approximately $39,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its position in Deckers Outdoor by 170.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other 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.