Investment Analysts’ Recent Ratings Updates for Deckers Outdoor (DECK)

A number of research firms have changed their ratings and price targets for Deckers Outdoor (NYSE: DECK):

  • 5/28/2024 – Deckers Outdoor had its price target raised by analysts at Telsey Advisory Group from $985.00 to $1,100.00. They now have an “outperform” rating on the stock.
  • 5/28/2024 – Deckers Outdoor was upgraded by analysts at Truist Financial Co. from a “hold” rating to a “buy” rating. They now have a $1,200.00 price target on the stock, up previously from $1,011.00.
  • 5/24/2024 – Deckers Outdoor had its price target raised by analysts at KeyCorp from $960.00 to $1,015.00. They now have an “overweight” rating on the stock.
  • 5/24/2024 – Deckers Outdoor had its price target raised by analysts at Wedbush from $1,000.00 to $1,030.00. They now have an “outperform” rating on the stock.
  • 5/24/2024 – Deckers Outdoor had its price target raised by analysts at Evercore ISI from $960.00 to $1,110.00. They now have an “outperform” rating on the stock.
  • 5/24/2024 – Deckers Outdoor had its price target raised by analysts at Robert W. Baird from $975.00 to $1,050.00. They now have an “outperform” rating on the stock.
  • 5/24/2024 – Deckers Outdoor had its price target raised by analysts at Bank of America Co. from $860.00 to $1,020.00. They now have a “neutral” rating on the stock.
  • 5/24/2024 – Deckers Outdoor had its price target raised by analysts at Truist Financial Co. from $864.00 to $1,011.00. They now have a “hold” rating on the stock.
  • 5/24/2024 – Deckers Outdoor had its price target raised by analysts at Stifel Nicolaus from $775.00 to $825.00. They now have a “hold” rating on the stock.
  • 5/24/2024 – Deckers Outdoor had its price target raised by analysts at Wells Fargo & Company from $775.00 to $1,000.00. They now have an “equal weight” rating on the stock.
  • 5/24/2024 – Deckers Outdoor had its price target raised by analysts at BTIG Research from $1,020.00 to $1,120.00. They now have a “buy” rating on the stock.
  • 5/24/2024 – Deckers Outdoor had its price target raised by analysts at UBS Group AG from $1,150.00 to $1,265.00. They now have a “buy” rating on the stock.
  • 5/24/2024 – Deckers Outdoor had its price target raised by analysts at TD Cowen from $1,005.00 to $1,039.00. They now have a “buy” rating on the stock.
  • 5/21/2024 – Deckers Outdoor had its price target lowered by analysts at Barclays PLC from $1,110.00 to $1,026.00. They now have an “overweight” rating on the stock.
  • 5/20/2024 – Deckers Outdoor had its price target raised by analysts at Telsey Advisory Group from $930.00 to $985.00. They now have an “outperform” rating on the stock.
  • 5/15/2024 – Deckers Outdoor had its price target raised by analysts at Citigroup Inc. from $835.00 to $920.00. They now have a “neutral” rating on the stock.
  • 5/6/2024 – Deckers Outdoor had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $1,000.00 price target on the stock.
  • 4/25/2024 – Deckers Outdoor was downgraded by analysts at Bank of America Co. from a “buy” rating to a “neutral” rating. They now have a $860.00 price target on the stock, down previously from $875.00.
  • 4/18/2024 – Deckers Outdoor had its price target raised by analysts at TD Cowen from $1,000.00 to $1,005.00. They now have a “buy” rating on the stock.
  • 4/10/2024 – Deckers Outdoor had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $1,000.00 price target on the stock.
  • 4/10/2024 – Deckers Outdoor had its “hold” rating reaffirmed by analysts at Truist Financial Co.. They now have a $864.00 price target on the stock, down previously from $983.00.

Deckers Outdoor Trading Up 2.5 %

Shares of Deckers Outdoor stock opened at $1,093.26 on Thursday. The company’s 50-day moving average price is $897.51 and its two-hundred day moving average price is $820.26. The stock has a market cap of $27.81 billion, a PE ratio of 37.33, a price-to-earnings-growth ratio of 3.62 and a beta of 1.11. Deckers Outdoor Co. has a 52 week low of $484.02 and a 52 week high of $1,106.89.

Deckers Outdoor (NYSE:DECKGet Free Report) last announced its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, beating the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The business had revenue of $959.76 million during the quarter, compared to analysts’ expectations of $892.00 million. During the same quarter in the previous year, the business posted $3.46 EPS. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, equities analysts predict that Deckers Outdoor Co. will post 30.66 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $922.85, for a total value of $5,530,640.05. Following the transaction, the chief executive officer now owns 98,218 shares in the company, valued at $90,640,481.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Michael F. Devine III sold 2,000 shares of the company’s 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 in the company, valued at approximately $6,681,708. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $922.85, for a total value of $5,530,640.05. Following the sale, the chief executive officer now owns 98,218 shares in the company, valued at approximately $90,640,481.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,139 shares of company stock worth $17,087,895. 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 grew its stake in Deckers Outdoor by 437.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after purchasing an additional 35 shares during the period. Anchor Investment Management LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $33,000. Contravisory Investment Management Inc. acquired a new stake in Deckers Outdoor in the first quarter valued at approximately $36,000. FSC Wealth Advisors LLC acquired a new stake in Deckers Outdoor in the fourth quarter valued at approximately $39,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Deckers Outdoor by 170.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after purchasing an additional 51 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

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.

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