Deckers Outdoor Co. (NYSE:DECK) Receives $870.93 Average Price Target from Analysts

Deckers Outdoor Co. (NYSE:DECK) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $870.93.

A number of equities analysts recently issued reports on DECK shares. Wedbush reissued an “outperform” rating and issued a $1,000.00 price target on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Piper Sandler upped their price objective on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Evercore ISI started coverage on shares of Deckers Outdoor in a report on Thursday, February 15th. They issued an “outperform” rating and a $960.00 price objective on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $930.00 price target on shares of Deckers Outdoor in a report on Thursday, February 15th. Finally, KeyCorp started coverage on shares of Deckers Outdoor in a report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price target on the stock.

Deckers Outdoor Trading Down 0.2 %

Shares of NYSE:DECK opened at $813.69 on Friday. The company has a market cap of $20.89 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 1.44 and a beta of 1.01. The company has a 50-day moving average price of $886.73 and a 200-day moving average price of $730.11. Deckers Outdoor has a 12 month low of $424.36 and a 12 month high of $956.17.

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

Insider Transactions at Deckers Outdoor

In other news, Director Lauri M. Shanahan sold 3,672 shares of Deckers Outdoor stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the transaction, the director now owns 4,515 shares in the company, valued at approximately $3,757,473.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now owns 4,027 shares in the company, valued at approximately $3,399,311.51. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lauri M. Shanahan sold 3,672 shares of Deckers Outdoor stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the transaction, the director now owns 4,515 shares in the company, valued at approximately $3,757,473.30. The disclosure for this sale can be found here. Insiders have sold 24,471 shares of company stock worth $21,290,792 in the last 90 days. 0.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. CIBC Private Wealth Group LLC lifted its stake in shares of Deckers Outdoor by 1.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock valued at $632,000 after buying an additional 15 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in Deckers Outdoor by 7.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker’s stock valued at $119,000 after acquiring an additional 16 shares during the last quarter. Janiczek Wealth Management LLC increased its holdings in Deckers Outdoor by 20.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock valued at $62,000 after acquiring an additional 16 shares during the last quarter. Chase Investment Counsel Corp increased its holdings in Deckers Outdoor by 0.3% in the 3rd quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker’s stock valued at $2,967,000 after acquiring an additional 19 shares during the last quarter. Finally, Flputnam Investment Management Co. increased its holdings in Deckers Outdoor by 2.9% in the 3rd quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker’s stock valued at $389,000 after acquiring an additional 21 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.