Deckers Outdoor (NYSE:DECK) Price Target Increased to $1,200.00 by Analysts at BTIG Research

Deckers Outdoor (NYSE:DECK) had its target price boosted by BTIG Research from $1,120.00 to $1,200.00 in a research report released on Tuesday, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Other equities analysts have also issued reports about the stock. Truist Financial upgraded shares of Deckers Outdoor from a hold rating to a buy rating and increased their price objective for the company from $1,011.00 to $1,200.00 in a report on Tuesday, May 28th. Bank of America increased their price target on Deckers Outdoor from $860.00 to $1,020.00 and gave the company a neutral rating in a research note on Friday, May 24th. Evercore ISI lifted their price objective on Deckers Outdoor from $960.00 to $1,110.00 and gave the stock an outperform rating in a research note on Friday, May 24th. TD Cowen increased their target price on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the company a buy rating in a research note on Friday, May 24th. Finally, UBS Group boosted their target price on Deckers Outdoor from $1,150.00 to $1,265.00 and gave the stock a buy rating in a research report on Friday, May 24th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of Moderate Buy and a consensus target price of $1,023.44.

Deckers Outdoor Stock Performance

Shares of DECK opened at $967.95 on Tuesday. The firm has a market capitalization of $24.62 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 3.28 and a beta of 1.11. Deckers Outdoor has a 52 week low of $484.02 and a 52 week high of $1,106.89. The business’s fifty day moving average price is $949.00 and its two-hundred day moving average price is $860.21.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $2.13. The business had revenue of $959.76 million for the quarter, compared to analysts’ expectations of $892.00 million. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The firm’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.46 earnings per share. As a group, research analysts forecast that Deckers Outdoor will post 30.59 EPS for the current year.

Insider Activity

In related news, CEO David Powers sold 10,955 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the sale, the chief executive officer now directly owns 76,006 shares in the company, valued at $82,580,519. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Angela Ogbechie sold 153 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the completion of the transaction, the insider now directly owns 3,779 shares of the company’s stock, valued at approximately $4,073,497.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Powers sold 10,955 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the completion of the sale, the chief executive officer now owns 76,006 shares in the company, valued at $82,580,519. The disclosure for this sale can be found here. Insiders sold 28,101 shares of company stock worth $28,858,562 over the last quarter. 0.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC raised its stake in shares of Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after purchasing an additional 35 shares in the last quarter. Anchor Investment Management LLC bought a new stake in Deckers Outdoor during the fourth quarter worth $33,000. Contravisory Investment Management Inc. acquired a new stake in Deckers Outdoor in the first quarter valued at $36,000. FSC Wealth Advisors LLC bought a new position in shares of Deckers Outdoor in the 4th quarter valued at about $39,000. Finally, EntryPoint Capital LLC increased its stake in shares of Deckers Outdoor by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

About Deckers Outdoor

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.