Deckers Outdoor (NYSE:DECK) Given New $1,090.00 Price Target at Barclays

Deckers Outdoor (NYSE:DECK) had its price objective lifted by Barclays from $1,089.00 to $1,090.00 in a research report sent to investors on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the textile maker’s stock.

Other research analysts have also issued research reports about the company. Robert W. Baird boosted 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. Bank of America raised their target price on shares of Deckers Outdoor from $860.00 to $1,020.00 and gave the stock a neutral rating in a research note 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 stock a buy rating in a report on Tuesday, June 25th. Wells Fargo & Company boosted their target price on Deckers Outdoor from $775.00 to $1,000.00 and gave the stock an equal weight rating in a research report on Friday, May 24th. Finally, Telsey Advisory Group reaffirmed an outperform rating and set a $1,100.00 price objective on shares of Deckers Outdoor in a report on Friday. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $1,040.13.

Deckers Outdoor Trading Up 3.0 %

Shares of NYSE:DECK opened at $921.22 on Friday. The firm has a 50 day simple moving average of $971.00 and a 200-day simple moving average of $894.29. Deckers Outdoor has a twelve month low of $484.02 and a twelve month high of $1,106.89. The company has a market capitalization of $23.41 billion, a PE ratio of 31.45, a P/E/G ratio of 2.93 and a beta of 1.06.

Shares of Deckers Outdoor are going 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 issued to shareholders after the market closes on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 25th. The textile maker reported $4.52 earnings per share for the quarter, beating the consensus estimate of $3.59 by $0.93. The business 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 was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.41 earnings per share. As a group, equities research analysts predict that Deckers Outdoor will post 31.23 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In other news, insider Caroti Stefano sold 5,000 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,079.74, for a total value of $5,398,700.00. Following the completion of the transaction, the insider now directly owns 39,926 shares of the company’s stock, valued at $43,109,699.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Caroti Stefano sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,079.74, for a total transaction of $5,398,700.00. Following the sale, the insider now owns 39,926 shares in the company, valued at $43,109,699.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the chief executive officer now directly owns 76,006 shares in the company, valued at $82,580,519. 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. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Handelsbanken Fonder AB increased its stake in Deckers Outdoor by 12.4% during the fourth quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock worth $3,639,000 after acquiring an additional 600 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its holdings in shares of Deckers Outdoor by 285.2% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 17,853 shares of the textile maker’s stock worth $16,804,000 after purchasing an additional 13,218 shares during the period. Intrust Bank NA increased its position in Deckers Outdoor by 1.3% during the 4th quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock worth $1,976,000 after purchasing an additional 38 shares in the last quarter. Cim LLC acquired a new position in Deckers Outdoor during the fourth quarter valued at approximately $2,311,000. Finally, Advisors Preferred LLC purchased a new stake in Deckers Outdoor during the fourth quarter worth approximately $2,271,000. 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.