TD Cowen Raises Deckers Outdoor (NYSE:DECK) Price Target to $178.00

Deckers Outdoor (NYSE:DECK) had its price objective upped by TD Cowen from $176.00 to $178.00 in a report published on Monday, Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

Several other brokerages also recently commented on DECK. Evercore ISI lowered their price objective on Deckers Outdoor from $30.83 to $30.56 and set an “outperform” rating for the company in a research note on Monday, July 15th. Barclays lowered their price objective on Deckers Outdoor from $1,090.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. StockNews.com downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Guggenheim began coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating for the company. Finally, UBS Group increased their price objective on Deckers Outdoor from $225.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus price target of $96.41.

Deckers Outdoor Stock Performance

DECK stock opened at $161.16 on Monday. The stock’s 50 day simple moving average is $86.55 and its 200 day simple moving average is $46.85. Deckers Outdoor has a fifty-two week low of $80.67 and a fifty-two week high of $184.48. The company has a market cap of $4.10 billion, a P/E ratio of 5.50, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The business had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. During the same period in the prior year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 22.1% on a year-over-year basis. Equities analysts predict that Deckers Outdoor will post 5.22 earnings per share for the current year.

Insider Activity

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the completion of the transaction, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the completion of the transaction, the director now directly owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven J. Fasching sold 9,198 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the transaction, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Deckers Outdoor by 18.9% during the first quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock worth $2,751,448,000 after acquiring an additional 464,020 shares in the last quarter. AMF Tjanstepension AB lifted its position in shares of Deckers Outdoor by 495.7% during the third quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock worth $151,924,000 after acquiring an additional 792,849 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in shares of Deckers Outdoor by 650.1% during the third quarter. Wedge Capital Management L L P NC now owns 304,354 shares of the textile maker’s stock worth $48,529,000 after acquiring an additional 263,779 shares in the last quarter. Millennium Management LLC lifted its position in shares of Deckers Outdoor by 231.2% during the second quarter. Millennium Management LLC now owns 233,810 shares of the textile maker’s stock worth $226,316,000 after acquiring an additional 163,210 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Deckers Outdoor by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 161,638 shares of the textile maker’s stock worth $156,509,000 after acquiring an additional 1,235 shares in 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.