Deckers Outdoor (NYSE:DECK) Given New $1,120.00 Price Target at BTIG Research

Deckers Outdoor (NYSE:DECK) had its target price increased by stock analysts at BTIG Research from $1,020.00 to $1,120.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. BTIG Research’s price target would indicate a potential upside of 8.93% from the company’s previous close.

Several other research analysts have also issued reports on DECK. Bank of America raised their price target on Deckers Outdoor from $860.00 to $1,020.00 and gave the stock a “neutral” rating in a research report on Friday. Robert W. Baird boosted their target price on Deckers Outdoor from $975.00 to $1,050.00 and gave the stock an “outperform” rating in a research report on Friday. Raymond James upped their price target on Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Stifel Nicolaus lifted their price objective on shares of Deckers Outdoor from $775.00 to $825.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Barclays lowered their target price on shares of Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating for the company in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $999.44.

Deckers Outdoor Stock Up 13.7 %

DECK traded up $123.58 during trading on Friday, hitting $1,028.23. The company’s stock had a trading volume of 570,492 shares, compared to its average volume of 407,660. The firm’s 50 day moving average price is $871.35 and its two-hundred day moving average price is $791.11. The stock has a market capitalization of $26.39 billion, a price-to-earnings ratio of 37.16, 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 $1,036.98.

Deckers Outdoor (NYSE:DECK) last issued 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 net margin of 17.57% and a return on equity of 38.77%. The company 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 company earned $3.46 EPS. Deckers Outdoor’s revenue was up 21.2% on a year-over-year basis. On average, sell-side analysts forecast that Deckers Outdoor will post 27.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently made changes to their positions in DECK. FinTrust Capital Advisors LLC increased its stake in Deckers Outdoor by 437.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 35 shares during the last quarter. Anchor Investment Management LLC acquired a new position in Deckers Outdoor during the fourth quarter worth about $33,000. Contravisory Investment Management Inc. bought a new position in shares of Deckers Outdoor in the first quarter worth about $36,000. FSC Wealth Advisors LLC acquired a new stake in shares of Deckers Outdoor in the 4th quarter valued at approximately $39,000. Finally, Ritter Daniher Financial Advisory LLC DE increased its position in Deckers Outdoor by 170.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after purchasing an additional 51 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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.