Truist Financial Raises Deckers Outdoor (NYSE:DECK) Price Target to $1,225.00

Deckers Outdoor (NYSE:DECK) had its price objective boosted by Truist Financial from $1,200.00 to $1,225.00 in a research note issued to investors on Friday morning, Benzinga reports. Truist Financial currently has a buy rating on the textile maker’s stock.

Other research analysts have also issued research reports about the company. Robert W. Baird lifted their target price on Deckers Outdoor from $1,050.00 to $1,075.00 and gave the company an outperform rating in a report on Friday. 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 note on Friday, May 24th. Telsey Advisory Group reaffirmed an outperform rating and issued a $1,100.00 price target on shares of Deckers Outdoor in a report on Friday. Citigroup lifted their price objective on Deckers Outdoor from $835.00 to $920.00 and gave the company a neutral rating in a research note on Wednesday, May 15th. Finally, Wedbush restated an outperform rating and issued a $1,030.00 target price on shares of Deckers Outdoor in a research note on Thursday, July 11th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $1,040.13.

Deckers Outdoor Stock Performance

Shares of DECK opened at $921.22 on Friday. Deckers Outdoor has a fifty-two week low of $484.02 and a fifty-two week high of $1,106.89. The business has a 50-day moving average of $971.00 and a 200 day moving average of $894.29. The firm has a market cap of $23.41 billion, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 2.93 and a beta of 1.06.

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

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 25th. The textile maker reported $4.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.59 by $0.93. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The business had revenue of $825.30 million for the quarter, compared to analysts’ expectations of $808.40 million. During the same quarter in the previous year, the firm posted $2.41 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, research analysts predict that Deckers Outdoor will post 31.23 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, CEO David Powers sold 10,955 shares of the business’s stock in a transaction 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 directly owns 76,006 shares of the company’s stock, valued at $82,580,519. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO David Powers sold 10,955 shares of the business’s 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 owns 76,006 shares of the company’s stock, valued at approximately $82,580,519. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael F. Devine III sold 2,000 shares of the 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 sale, the director now owns 6,204 shares of the company’s stock, valued at $6,681,708. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,108 shares of company stock valued at $23,919,671. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DECK. SG Americas Securities LLC increased its position in shares of Deckers Outdoor by 112.1% in the fourth quarter. SG Americas Securities LLC now owns 965 shares of the textile maker’s stock valued at $645,000 after acquiring an additional 510 shares during the period. HB Wealth Management LLC purchased a new position in Deckers Outdoor during the 4th quarter valued at about $225,000. Raymond James & Associates raised its position in Deckers Outdoor by 15.5% during the 4th quarter. Raymond James & Associates now owns 15,311 shares of the textile maker’s stock valued at $10,234,000 after purchasing an additional 2,050 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Deckers Outdoor by 3.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,818 shares of the textile maker’s stock worth $1,215,000 after buying an additional 64 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of Deckers Outdoor by 23.7% in the 4th quarter. Pacer Advisors Inc. now owns 5,174 shares of the textile maker’s stock worth $3,458,000 after buying an additional 991 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

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.