Robert W. Baird Raises Deckers Outdoor (NYSE:DECK) Price Target to $195.00

Deckers Outdoor (NYSE:DECK) had its target price boosted by Robert W. Baird from $180.00 to $195.00 in a research note published on Friday morning, Benzinga reports. They currently have an outperform rating on the textile maker’s stock.

Several other research firms have also recently issued reports on DECK. Seaport Res Ptn cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Piper Sandler set a $166.00 price target on shares of Deckers Outdoor in a report on Thursday, October 17th. TD Cowen increased their price objective on shares of Deckers Outdoor from $176.00 to $178.00 and gave the company a “buy” rating in a report on Monday, October 14th. Stifel Nicolaus reduced their target price on Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating on the stock in a report on Tuesday, September 17th. Finally, Wedbush reissued an “outperform” rating and set a $28.61 price target on shares of Deckers Outdoor in a research note on Friday, July 26th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.50.

Deckers Outdoor Price Performance

DECK opened at $168.11 on Friday. The company has a 50 day simple moving average of $105.11 and a two-hundred day simple moving average of $53.60. The firm has a market cap of $4.28 billion, a P/E ratio of 5.74, a PEG ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a 1-year low of $80.67 and a 1-year high of $184.48.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.14 earnings per share. Equities analysts anticipate that Deckers Outdoor will post 5.22 earnings per share for the current year.

Insider Activity

In related news, Director David Powers sold 140,832 shares of Deckers Outdoor stock in a transaction dated Friday, September 6th. The shares were 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.97, for a total value of $3,376,368.96. Following the completion of the sale, the director now 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 at this hyperlink. Also, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction that occurred 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 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. Insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in DECK. Financial Advocates Investment Management grew its holdings in shares of Deckers Outdoor by 536.0% in the third quarter. Financial Advocates Investment Management now owns 2,684 shares of the textile maker’s stock worth $428,000 after purchasing an additional 2,262 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in Deckers Outdoor by 466.7% in the 3rd quarter. JFS Wealth Advisors LLC now owns 476 shares of the textile maker’s stock valued at $76,000 after buying an additional 392 shares during the period. Diversify Wealth Management LLC grew its stake in Deckers Outdoor by 525.6% in the 3rd quarter. Diversify Wealth Management LLC now owns 5,011 shares of the textile maker’s stock worth $756,000 after acquiring an additional 4,210 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Deckers Outdoor by 572.4% during the third quarter. First Trust Direct Indexing L.P. now owns 4,317 shares of the textile maker’s stock worth $688,000 after acquiring an additional 3,675 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in shares of Deckers Outdoor by 457.0% in the third quarter. New York State Teachers Retirement System now owns 159,133 shares of the textile maker’s stock valued at $25,374,000 after purchasing an additional 130,565 shares during the period. 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.