Deckers Outdoor (NYSE:DECK) PT Raised to $985.00 at Telsey Advisory Group

Deckers Outdoor (NYSE:DECK) had its target price lifted by Telsey Advisory Group from $930.00 to $985.00 in a report issued on Monday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the textile maker’s stock. Telsey Advisory Group also issued estimates for Deckers Outdoor’s Q4 2024 earnings at $2.92 EPS, FY2024 earnings at $27.20 EPS, Q4 2025 earnings at $4.22 EPS, FY2025 earnings at $30.12 EPS and FY2026 earnings at $34.28 EPS.

Several other research analysts have also recently commented on DECK. Citigroup increased their price target on Deckers Outdoor from $835.00 to $920.00 and gave the company a neutral rating in a research report on Wednesday, May 15th. Stifel Nicolaus raised their price objective on Deckers Outdoor from $709.00 to $775.00 and gave the company a hold rating in a research report on Friday, February 2nd. Evercore ISI assumed coverage on Deckers Outdoor in a research report on Thursday, February 15th. They issued an outperform rating and a $960.00 price objective for the company. Wedbush reaffirmed an outperform rating and issued a $1,000.00 price objective on shares of Deckers Outdoor in a research report on Monday, May 6th. Finally, Wells Fargo & Company raised their price objective on Deckers Outdoor from $625.00 to $775.00 and gave the company an equal weight rating in a research report on Friday, February 2nd. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $900.31.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $893.66 on Monday. The stock has a 50 day moving average price of $871.93 and a 200 day moving average price of $790.32. Deckers Outdoor has a 52 week low of $424.36 and a 52 week high of $956.17. The stock has a market capitalization of $22.94 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.05.

Insider Buying and Selling at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Large investors have recently made changes to their positions in the stock. FinTrust Capital Advisors LLC increased its holdings in shares of Deckers Outdoor by 437.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after buying an additional 35 shares during the period. Anchor Investment Management LLC purchased a new position in Deckers Outdoor in the 4th quarter worth approximately $33,000. Contravisory Investment Management Inc. purchased a new stake in Deckers Outdoor during the 1st quarter valued at $36,000. FSC Wealth Advisors LLC purchased a new stake in Deckers Outdoor during the 4th quarter valued at $39,000. Finally, Ritter Daniher Financial Advisory LLC DE raised its stake in Deckers Outdoor by 170.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after buying an additional 51 shares during the last quarter. 97.79% of the stock is owned by institutional investors.

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.