Stifel Nicolaus Increases Deckers Outdoor (NYSE:DECK) Price Target to $887.00

Deckers Outdoor (NYSE:DECK) had its target price raised by Stifel Nicolaus from $825.00 to $887.00 in a report published on Friday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the textile maker’s stock.

DECK has been the topic of several other research reports. 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 cut 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. KeyCorp raised their price objective on Deckers Outdoor from $960.00 to $1,015.00 and gave the company an overweight rating in a report on Friday, May 24th. Evercore ISI reduced their price target on shares of Deckers Outdoor from $1,110.00 to $1,100.00 and set an outperform rating on the stock in a research report on Monday, July 15th. Finally, Robert W. Baird boosted their price objective on shares of Deckers Outdoor from $1,050.00 to $1,075.00 and gave the stock an outperform rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $1,040.13.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $921.22 on Friday. The stock has a market cap of $23.41 billion, a P/E ratio of 31.45, a PEG ratio of 2.93 and a beta of 1.06. Deckers Outdoor has a fifty-two week low of $484.02 and a fifty-two week high of $1,106.89. The firm’s fifty day moving average price is $971.00 and its 200-day moving average price is $894.29.

Shares of Deckers Outdoor are scheduled to split on the morning of Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last issued its quarterly 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. The firm had revenue of $825.30 million during the quarter, compared to the consensus estimate of $808.40 million. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter last year, the company posted $2.41 EPS. Sell-side analysts predict that Deckers Outdoor will post 31.23 earnings per share for the current year.

Insider Activity

In related news, CEO David Powers sold 10,955 shares of the firm’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 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 can be accessed through the SEC website. In other Deckers Outdoor news, CEO David Powers sold 10,955 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $82,580,519. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael F. Devine III sold 2,000 shares of Deckers Outdoor stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $1,077.00, for a total value of $2,154,000.00. Following the completion of the sale, the director now owns 6,204 shares in the company, valued at $6,681,708. The disclosure for this sale can be found here. Over the last ninety days, insiders 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

Institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. boosted its stake in shares of Deckers Outdoor by 12.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 6,547 shares of the textile maker’s stock valued at $6,337,000 after purchasing an additional 737 shares in the last quarter. Crewe Advisors LLC bought a new stake in Deckers Outdoor during the 2nd quarter valued at approximately $34,000. UMB Bank n.a. boosted its position in Deckers Outdoor by 2,242.7% during the 2nd quarter. UMB Bank n.a. now owns 3,514 shares of the textile maker’s stock valued at $3,401,000 after acquiring an additional 3,364 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Deckers Outdoor by 14.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 45,038 shares of the textile maker’s stock worth $43,595,000 after acquiring an additional 5,846 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Deckers Outdoor by 116.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,903 shares of the textile maker’s stock worth $27,977,000 after acquiring an additional 15,565 shares in the last quarter. 97.79% of the stock is currently 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.