Stifel Nicolaus Increases Deckers Outdoor (NYSE:DECK) Price Target to $825.00

Deckers Outdoor (NYSE:DECK) had its price target hoisted by analysts at Stifel Nicolaus from $775.00 to $825.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the textile maker’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 8.80% from the stock’s previous close.

DECK has been the topic of several other reports. Truist Financial reaffirmed a “hold” rating and issued a $864.00 target price (down from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. TD Cowen lifted their price target on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Raymond James lifted their price target on Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Wells Fargo & Company boosted their target price on Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Finally, Bank of America lowered Deckers Outdoor from a “buy” rating to a “neutral” rating and dropped their target price for the company from $875.00 to $860.00 in a research report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus target price of $935.63.

Deckers Outdoor Stock Up 1.3 %

NYSE:DECK opened at $904.65 on Friday. Deckers Outdoor has a 52 week low of $424.36 and a 52 week high of $956.17. The business’s 50-day simple moving average is $871.93 and its two-hundred day simple moving average is $790.32. The stock has a market cap of $23.22 billion, a PE ratio of 32.54, a P/E/G ratio of 1.59 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share (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 firm had revenue of $959.76 million for the quarter, compared to analysts’ expectations of $892.00 million. During the same period in the previous year, the firm posted $3.46 earnings per share. The business’s revenue was up 21.2% compared to the same quarter last year. Sell-side analysts anticipate that Deckers Outdoor will post 27.09 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $90,640,481.30. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Several hedge funds have recently made changes to their positions in the company. CIBC Private Wealth Group LLC raised its stake in Deckers Outdoor by 1.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock worth $632,000 after acquiring an additional 15 shares during the last quarter. V Square Quantitative Management LLC grew its position in Deckers Outdoor by 7.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker’s stock worth $119,000 after purchasing an additional 16 shares during the period. Janiczek Wealth Management LLC grew its position in Deckers Outdoor by 20.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock worth $62,000 after purchasing an additional 16 shares during the period. Chase Investment Counsel Corp grew its position in Deckers Outdoor by 0.3% during the 3rd quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker’s stock worth $2,967,000 after purchasing an additional 19 shares during the period. Finally, Flputnam Investment Management Co. grew its position in Deckers Outdoor by 2.9% during the 3rd quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker’s stock worth $389,000 after purchasing an additional 21 shares during the period. 97.79% of the stock is 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.