Deckers Outdoor (NYSE:DECK) Price Target Increased to $185.00 by Analysts at TD Cowen

Deckers Outdoor (NYSE:DECK) had its target price boosted by TD Cowen from $178.00 to $185.00 in a report released on Friday, Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. TD Cowen’s target price suggests a potential upside of 10.45% from the company’s previous close.

A number of other equities research analysts have also issued reports on DECK. Robert W. Baird upped their target price on shares of Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday. Telsey Advisory Group lifted their target price on Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday. Stifel Nicolaus increased their price target on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research report on Friday. KeyCorp boosted their price objective on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Truist Financial raised their price target on shares of Deckers Outdoor from $204.17 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $149.12.

Deckers Outdoor Trading Up 10.2 %

Shares of NYSE DECK traded up $15.46 on Friday, reaching $167.50. 6,733,618 shares of the company traded hands, compared to its average volume of 2,261,199. The stock has a market capitalization of $4.26 billion, a PE ratio of 5.72, a P/E/G ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a fifty-two week low of $80.67 and a fifty-two week high of $184.48. The company has a 50 day moving average of $102.28 and a 200 day moving average of $52.18.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.37. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm earned $1.14 EPS. Deckers Outdoor’s quarterly revenue was up 20.1% on a year-over-year basis. As a group, research analysts expect that Deckers Outdoor will post 5.22 earnings per share for the current year.

Insider Buying and Selling at Deckers Outdoor

In other news, CFO Steven J. Fasching sold 9,198 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director David Powers sold 140,832 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $23.97, for a total value 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 $58,756,760.24. This trade 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 available through this hyperlink. Also, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The stock was 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 owns 161,838 shares of the company’s stock, valued at $26,973,539.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Deckers Outdoor by 460.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after buying an additional 23 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Deckers Outdoor during the second quarter worth approximately $34,000. GHP Investment Advisors Inc. bought a new position in Deckers Outdoor in the 3rd quarter valued at $36,000. Salomon & Ludwin LLC raised its position in shares of Deckers Outdoor by 500.0% during the third quarter. Salomon & Ludwin LLC now owns 246 shares of the textile maker’s stock worth $39,000 after acquiring an additional 205 shares during the last quarter. Finally, Whittier Trust Co. lifted its stake in shares of Deckers Outdoor by 338.1% during the third quarter. Whittier Trust Co. now owns 276 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 213 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.