Deckers Outdoor (NYSE:DECK) Price Target Cut to $1,100.00

Deckers Outdoor (NYSE:DECK) had its price target decreased by investment analysts at Evercore ISI from $1,110.00 to $1,100.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the textile maker’s stock. Evercore ISI’s target price points to a potential upside of 20.50% from the stock’s previous close.

Several other analysts have also recently weighed in on DECK. Stifel Nicolaus lifted their price target on Deckers Outdoor from $775.00 to $825.00 and gave the stock a “hold” rating in a report on Friday, May 24th. Barclays dropped their price objective on Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating for the company in a report on Tuesday, May 21st. Bank of America lifted their price objective on Deckers Outdoor from $860.00 to $1,020.00 and gave the company a “neutral” rating in a report on Friday, May 24th. Wells Fargo & Company lifted their price objective on Deckers Outdoor from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Friday, May 24th. Finally, BTIG Research lifted their price objective on Deckers Outdoor from $1,120.00 to $1,200.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average price target of $1,022.81.

Deckers Outdoor Stock Up 1.5 %

DECK opened at $912.87 on Monday. 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 $23.22 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 3.00 and a beta of 1.06. The business has a 50 day moving average of $970.68 and a 200-day moving average of $881.66.

Deckers Outdoor’s stock is set to split before the market opens on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly minted shares will be distributed to shareholders after the market closes on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $2.13. The company had revenue of $959.76 million during 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 was up 21.2% on a year-over-year basis. During the same period last year, the firm posted $3.46 earnings per share. As a group, analysts expect that Deckers Outdoor will post 30.59 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Angela Ogbechie sold 153 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the sale, the insider now owns 3,779 shares in the company, valued at approximately $4,073,497.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Deckers Outdoor news, insider Thomas Garcia sold 4,000 shares of Deckers Outdoor stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $1,074.86, for a total transaction of $4,299,440.00. Following the transaction, the insider now directly owns 11,654 shares of the company’s stock, valued at approximately $12,526,418.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela Ogbechie sold 153 shares of Deckers Outdoor stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total value of $164,923.29. Following the transaction, the insider now directly owns 3,779 shares in the company, valued at $4,073,497.47. The disclosure for this sale can be found here. Insiders have sold 22,108 shares of company stock worth $23,919,671 in the last 90 days. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Private Wealth Group LLC lifted its holdings in Deckers Outdoor by 1.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock worth $632,000 after buying an additional 15 shares during the period. Janiczek Wealth Management LLC lifted its holdings 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 buying an additional 16 shares during the period. Somerset Trust Co lifted its holdings in Deckers Outdoor by 11.3% during the 2nd quarter. Somerset Trust Co now owns 247 shares of the textile maker’s stock worth $239,000 after buying an additional 25 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in Deckers Outdoor by 28.9% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 116 shares of the textile maker’s stock worth $112,000 after buying an additional 26 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in Deckers Outdoor by 18.5% during the 4th quarter. First Horizon Advisors Inc. now owns 179 shares of the textile maker’s stock worth $120,000 after buying an additional 28 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.