Deckers Outdoor Co. (NYSE:DECK) Receives $1,023.44 Average Price Target from Brokerages

Shares of Deckers Outdoor Co. (NYSE:DECK) have earned an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $1,023.44.

Several analysts have recently issued reports on the stock. Wedbush upped their target price on shares of Deckers Outdoor from $1,000.00 to $1,030.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. UBS Group increased their price target on shares of Deckers Outdoor from $1,150.00 to $1,265.00 and gave the company a “buy” rating in a research report on Friday, May 24th. BTIG Research increased their price target on shares of Deckers Outdoor from $1,120.00 to $1,200.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Wells Fargo & Company increased their price target 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. Finally, Stifel Nicolaus increased their price target 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.

Deckers Outdoor Price Performance

NYSE DECK opened at $935.69 on Friday. Deckers Outdoor has a 1 year low of $484.02 and a 1 year high of $1,106.89. The firm has a market cap of $23.81 billion, a price-to-earnings ratio of 31.95, a PEG ratio of 3.14 and a beta of 1.06. The company has a fifty day moving average price of $958.25 and a 200-day moving average price of $866.71.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The firm had revenue of $959.76 million during the quarter, compared to analyst estimates of $892.00 million. During the same quarter in the prior year, the business posted $3.46 EPS. The business’s revenue was up 21.2% compared to the same quarter last year. On average, research analysts anticipate that Deckers Outdoor will post 30.59 EPS for the current fiscal 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 dated 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 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 SEC, which is available through the SEC website. In other news, CEO David Powers sold 10,955 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 76,006 shares of the company’s stock, valued at $82,580,519. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Thomas Garcia sold 4,000 shares of the 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 completion of the sale, the insider now directly owns 11,654 shares in the company, valued at $12,526,418.44. The disclosure for this sale can be found here. Insiders have sold a total of 28,101 shares of company stock valued at $28,858,562 over the last three months. 0.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Deckers Outdoor by 28.9% in the second 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 in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Deckers Outdoor by 18.8% in the second quarter. GAMMA Investing LLC now owns 272 shares of the textile maker’s stock worth $263,000 after buying an additional 43 shares in the last quarter. American Trust purchased a new stake in Deckers Outdoor in the first quarter valued at approximately $405,000. EverSource Wealth Advisors LLC raised its stake in Deckers Outdoor by 48.8% in the first quarter. EverSource Wealth Advisors LLC now owns 421 shares of the textile maker’s stock valued at $396,000 after purchasing an additional 138 shares in the last quarter. Finally, Railway Pension Investments Ltd raised its stake in Deckers Outdoor by 17.0% in the first quarter. Railway Pension Investments Ltd now owns 13,100 shares of the textile maker’s stock valued at $12,331,000 after purchasing an additional 1,900 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other 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.