Deckers Outdoor’s (DECK) Outperform Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Deckers Outdoor (NYSE:DECK) in a report published on Thursday, Benzinga reports. Wedbush currently has a $1,030.00 price target on the textile maker’s stock. Wedbush also issued estimates for Deckers Outdoor’s Q1 2025 earnings at $3.39 EPS and Q3 2025 earnings at $15.04 EPS.

DECK has been the subject of several other reports. Barclays reduced their price objective on Deckers Outdoor from $1,110.00 to $1,026.00 and set an overweight rating for the company in a research report on Tuesday, May 21st. Stifel Nicolaus upped their price objective on shares of Deckers Outdoor from $775.00 to $825.00 and gave the company a hold rating in a research report on Friday, May 24th. KeyCorp lifted their target price on Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an overweight rating in a research report on Friday, May 24th. Telsey Advisory Group raised their price objective on Deckers Outdoor from $985.00 to $1,100.00 and gave the stock an outperform rating in a research report on Tuesday, May 28th. Finally, TD Cowen boosted their price objective on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the company a buy rating in a research report on Friday, May 24th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $1,023.44.

Deckers Outdoor Price Performance

DECK opened at $898.06 on Thursday. Deckers Outdoor has a 12 month low of $484.02 and a 12 month high of $1,106.89. The stock has a market cap of $22.85 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.97 and a beta of 1.06. The stock’s 50 day moving average price is $968.93 and its 200 day moving average price is $877.03.

Deckers Outdoor shares are going to split on the morning of Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly created shares will be distributed to shareholders after the market closes on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, beating the consensus estimate of $2.82 by $2.13. The company 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 business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.46 EPS. Equities analysts anticipate that Deckers Outdoor will post 30.59 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 10,955 shares of the company’s 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 value of $11,902,607.50. Following the completion of the sale, the chief executive officer now owns 76,006 shares of the company’s stock, valued at $82,580,519. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Deckers Outdoor news, CEO David Powers sold 10,955 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael F. Devine III sold 2,000 shares of Deckers Outdoor stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $1,077.00, for a total value of $2,154,000.00. Following the transaction, the director now owns 6,204 shares in the company, valued at approximately $6,681,708. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,101 shares of company stock valued at $28,858,562. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

Large investors have recently made changes to their positions in the stock. QRG Capital Management Inc. increased its position in shares of Deckers Outdoor by 13.7% during the 2nd quarter. QRG Capital Management Inc. now owns 1,456 shares of the textile maker’s stock worth $1,410,000 after purchasing an additional 175 shares during the last quarter. CHICAGO TRUST Co NA bought a new stake in Deckers Outdoor in the 2nd quarter valued at $226,000. Gunderson Capital Management Inc. lifted its holdings in Deckers Outdoor by 35.3% during the 2nd quarter. Gunderson Capital Management Inc. now owns 3,251 shares of the textile maker’s stock valued at $3,147,000 after purchasing an additional 849 shares during the last quarter. CX Institutional bought a new position in Deckers Outdoor during the second quarter worth $379,000. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Deckers Outdoor by 41.0% in the second quarter. Linden Thomas Advisory Services LLC now owns 743 shares of the textile maker’s stock valued at $719,000 after purchasing an additional 216 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.