Deckers Outdoor (NYSE:DECK – Get Free Report) had its price target boosted by equities research analysts at UBS Group from $225.00 to $226.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the textile maker’s stock. UBS Group’s target price suggests a potential upside of 40.95% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on DECK. Robert W. Baird increased their price target on Deckers Outdoor from $29.17 to $29.86 and gave the stock an “outperform” rating in a report on Friday, July 26th. Evercore ISI decreased their price target on shares of Deckers Outdoor from $30.83 to $30.56 and set an “outperform” rating for the company in a research note on Monday, July 15th. BTIG Research upped their price objective on shares of Deckers Outdoor from $31.11 to $33.33 and gave the company a “buy” rating in a report on Tuesday, June 25th. Truist Financial raised their target price on Deckers Outdoor from $204.17 to $205.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Guggenheim started coverage on Deckers Outdoor in a research report on Wednesday. They set a “neutral” rating on the stock. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.46.
Check Out Our Latest Research Report on DECK
Deckers Outdoor Price Performance
Deckers Outdoor (NYSE:DECK – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The firm had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. During the same quarter in the previous year, the company earned $0.07 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, equities analysts predict that Deckers Outdoor will post 5.2 EPS for the current fiscal year.
Insider Activity at Deckers Outdoor
In related news, Director David Powers sold 140,832 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director David Powers sold 140,832 shares of Deckers Outdoor stock in a transaction dated Friday, September 6th. The stock was 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 owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Steven J. Fasching sold 9,198 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 161,838 shares of the company’s stock, valued at $26,973,539.46. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after buying an additional 23 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Deckers Outdoor in the second quarter worth $34,000. Contravisory Investment Management Inc. purchased a new stake in shares of Deckers Outdoor in the first quarter worth $36,000. EntryPoint Capital LLC boosted its stake in Deckers Outdoor by 256.3% during the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after buying an additional 41 shares during the period. Finally, Rise Advisors LLC purchased a new position in Deckers Outdoor during the first quarter worth about $61,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.
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.
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