Deckers Outdoor (NYSE:DECK) Given New $1,350.00 Price Target at UBS Group

Deckers Outdoor (NYSE:DECK) had its target price lifted by stock analysts at UBS Group from $1,265.00 to $1,350.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. UBS Group’s price target would suggest a potential upside of 48.53% from the stock’s previous close.

DECK has been the subject of a number of other reports. Wells Fargo & Company raised their target price on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, May 24th. Citigroup increased their price objective on Deckers Outdoor from $835.00 to $920.00 and gave the company a “neutral” rating in a research report on Wednesday, May 15th. TD Cowen lifted their target price on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Wedbush reaffirmed an “outperform” rating and set a $1,030.00 target price on shares of Deckers Outdoor in a report on Friday. Finally, Stifel Nicolaus lifted their price target on Deckers Outdoor from $825.00 to $887.00 and gave the stock a “hold” rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,039.13.

Deckers Outdoor Stock Up 8.0 %

NYSE DECK traded up $67.40 on Friday, reaching $908.90. 785,331 shares of the stock traded hands, compared to its average volume of 401,365. Deckers Outdoor has a 12 month low of $484.02 and a 12 month high of $1,106.89. The firm’s fifty day simple moving average is $970.49 and its 200 day simple moving average is $888.57. The company has a market cap of $23.10 billion, a price-to-earnings ratio of 31.01, a P/E/G ratio of 2.81 and a beta of 1.06.

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

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

Insiders Place Their Bets

In other Deckers Outdoor news, Director Michael F. Devine III sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $1,077.00, for a total transaction of $2,154,000.00. Following the completion of the sale, the director now directly owns 6,204 shares in the company, valued at $6,681,708. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Michael F. Devine III sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $1,077.00, for a total transaction of $2,154,000.00. Following the transaction, the director now owns 6,204 shares of the company’s stock, valued at $6,681,708. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David Powers sold 10,955 shares of the 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 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 disclosure for this sale can be found here. Insiders sold 22,108 shares of company stock valued at $23,919,671 over the last 90 days. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Deckers Outdoor by 18.9% in the first quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock worth $2,751,448,000 after purchasing an additional 464,020 shares in the last quarter. TD Asset Management Inc grew 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 purchasing an additional 200,850 shares during the period. Norges Bank acquired a new position in shares of Deckers Outdoor in the 4th quarter worth approximately $196,814,000. Epoch Investment Partners Inc. lifted its holdings 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 position 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 buying an additional 44,942 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

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.