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

Deckers Outdoor (NYSE:DECKFree Report) had its target price upped by TD Cowen from $1,000.00 to $1,005.00 in a report published on Thursday, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Other equities research analysts have also recently issued reports about the stock. Wedbush reissued an outperform rating and issued a $1,000.00 price objective on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Piper Sandler boosted their price target on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a neutral rating in a report on Wednesday, January 24th. Truist Financial restated a hold rating and issued a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Barclays began coverage on shares of Deckers Outdoor in a report on Monday, April 1st. They issued an overweight rating and a $1,110.00 price target for the company. Finally, Raymond James boosted their price target on shares of Deckers Outdoor from $585.00 to $845.00 and gave the company an outperform rating in a report on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor presently has an average rating of Moderate Buy and an average target price of $890.93.

Read Our Latest Analysis on Deckers Outdoor

Deckers Outdoor Trading Down 1.6 %

DECK stock opened at $800.38 on Thursday. The stock has a market cap of $20.55 billion, a PE ratio of 28.79, a P/E/G ratio of 1.42 and a beta of 1.01. Deckers Outdoor has a 12 month low of $424.36 and a 12 month high of $956.17. The company has a 50-day moving average price of $884.89 and a 200 day moving average price of $736.93.

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

Insiders Place Their Bets

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Steven J. Fasching sold 5,000 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the sale, the chief financial officer now directly owns 29,291 shares in the company, valued at $24,733,320.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,464 shares of company stock valued at $26,229,683. Insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several large investors have recently made changes to their positions in DECK. Advisor Resource Council purchased a new stake in Deckers Outdoor during the fourth quarter worth $970,000. Advisors Preferred LLC purchased a new stake in Deckers Outdoor during the fourth quarter worth $2,271,000. Louisiana State Employees Retirement System purchased a new stake in Deckers Outdoor during the fourth quarter worth $4,813,000. First Trust Direct Indexing L.P. boosted its holdings in Deckers Outdoor by 12.5% during the third quarter. First Trust Direct Indexing L.P. now owns 458 shares of the textile maker’s stock worth $235,000 after buying an additional 51 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Deckers Outdoor during the fourth quarter worth $73,722,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

About Deckers Outdoor

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.