Deckers Outdoor (NYSE:DECK) PT Raised to $1,020.00

Deckers Outdoor (NYSE:DECK) had its price target hoisted by research analysts at Bank of America from $860.00 to $1,020.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. Bank of America‘s target price suggests a potential upside of 12.75% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $1,000.00 target price on shares of Deckers Outdoor in a research note on Monday, May 6th. TD Cowen boosted their price target on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a “buy” rating in a report on Thursday, April 18th. UBS Group boosted their price target on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Evercore ISI started coverage on Deckers Outdoor in a report on Thursday, February 15th. They issued an “outperform” rating and a $960.00 price target for the company. Finally, Wells Fargo & Company boosted their price target on Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $935.63.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $904.65 on Friday. The business’s 50 day simple moving average is $871.93 and its 200-day simple moving average is $790.32. The firm has a market capitalization of $23.22 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 1.59 and a beta of 1.05. 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 results on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, topping the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The business had revenue of $959.76 million for the quarter, compared to analyst estimates of $892.00 million. During the same quarter in the previous year, the company earned $3.46 EPS. The company’s quarterly revenue was up 21.2% on a year-over-year basis. On average, equities analysts anticipate that Deckers Outdoor will post 27.09 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were 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 of the company’s stock, valued at $90,640,481.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its stake in shares of Deckers Outdoor by 82.6% during the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock valued at $599,633,000 after buying an additional 527,546 shares during the period. Vanguard Group Inc. boosted its stake in shares of Deckers Outdoor by 18.9% during the 1st quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock valued at $2,751,448,000 after buying an additional 464,020 shares during the period. Norges Bank acquired a new stake in shares of Deckers Outdoor during the 4th quarter valued at $196,814,000. TD Asset Management Inc boosted its stake in shares of Deckers Outdoor by 191.1% during the 4th quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock valued at $204,505,000 after buying an additional 200,850 shares during the period. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Deckers Outdoor during the 3rd quarter valued at $72,727,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

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