Telsey Advisory Group Reaffirms “Outperform” Rating for Deckers Outdoor (NYSE:DECK)

Deckers Outdoor (NYSE:DECK)‘s stock had its “outperform” rating reissued by stock analysts at Telsey Advisory Group in a note issued to investors on Friday, Benzinga reports. They currently have a $1,100.00 price objective on the textile maker’s stock. Telsey Advisory Group’s target price points to a potential upside of 30.62% from the stock’s previous close.

Several other equities analysts have also weighed in on DECK. Wells Fargo & Company raised their price objective on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. Barclays decreased their price objective on shares of 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. TD Cowen increased their target price on shares of Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. KeyCorp boosted their price target 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. Finally, Robert W. Baird raised their price objective on Deckers Outdoor from $1,050.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Friday. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,024.38.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $842.14 on Friday. Deckers Outdoor has a twelve month low of $484.02 and a twelve month high of $1,106.89. The firm has a market cap of $21.40 billion, a PE ratio of 28.75, a P/E/G ratio of 2.81 and a beta of 1.06. The firm’s 50 day moving average price is $970.49 and its two-hundred day moving average price is $888.57.

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

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 25th. The textile maker reported $4.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.59 by $0.93. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The business had revenue of $825.30 million during the quarter, compared to analyst estimates of $808.40 million. During the same period last year, the company earned $2.41 earnings per share. Deckers Outdoor’s quarterly revenue was up 22.1% compared to the same quarter last year. Equities analysts anticipate that Deckers Outdoor will post 30.81 EPS for the current fiscal year.

Insider Activity

In related news, CEO David Powers sold 10,955 shares of Deckers Outdoor stock in a transaction dated Thursday, June 6th. The stock was 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 of the company’s stock, valued at $82,580,519. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Deckers Outdoor news, CEO David Powers sold 10,955 shares of Deckers Outdoor 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 owns 76,006 shares in the company, valued at $82,580,519. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Caroti Stefano sold 5,000 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,079.74, for a total transaction of $5,398,700.00. Following the completion of the transaction, the insider now owns 39,926 shares of the company’s stock, valued at approximately $43,109,699.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,108 shares of company stock valued at $23,919,671. Insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors have recently added to or reduced their stakes in DECK. Vanguard Group Inc. increased its holdings in Deckers Outdoor by 18.9% during the 1st quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock valued at $2,751,448,000 after purchasing an additional 464,020 shares in the last quarter. TD Asset Management Inc increased its stake in shares of Deckers Outdoor by 191.1% in the 4th quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock valued at $204,505,000 after buying an additional 200,850 shares during the period. Norges Bank bought a new stake in shares of Deckers Outdoor during the fourth quarter worth $196,814,000. Epoch Investment Partners Inc. lifted its stake in shares of Deckers Outdoor by 90.4% during the fourth quarter. Epoch Investment Partners Inc. now owns 216,709 shares of the textile maker’s stock valued at $144,855,000 after acquiring an additional 102,882 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Deckers Outdoor by 32.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 183,739 shares of the textile maker’s stock valued at $122,817,000 after acquiring an additional 44,942 shares during the last quarter. 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.