Deckers Outdoor (NYSE:DECK) Price Target Raised to $185.00

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price objective raised by stock analysts at Evercore ISI from $183.00 to $185.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an "outperform" rating on the textile maker's stock. Evercore ISI's price objective would suggest a potential upside of 14.79% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the company. Wells Fargo & Company dropped their price target on Deckers Outdoor from $1,000.00 to $165.00 and set an "equal weight" rating on the stock in a research note on Monday, September 23rd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $30.56 price target on shares of Deckers Outdoor in a research note on Friday, July 26th. Guggenheim started coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They issued a "neutral" rating on the stock. Truist Financial raised their price target on Deckers Outdoor from $204.17 to $205.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Finally, BTIG Research boosted their price target on Deckers Outdoor from $31.11 to $33.33 and gave the company a "buy" rating in a research note on Tuesday, June 25th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Deckers Outdoor currently has an average rating of "Moderate Buy" and a consensus price target of $96.41.

Deckers Outdoor Stock Performance

NYSE DECK traded down $0.69 on Wednesday, reaching $161.16. The company's stock had a trading volume of 1,505,321 shares, compared to its average volume of 2,240,668. The firm's 50 day moving average is $83.80 and its two-hundred day moving average is $46.04. The stock has a market cap of $4.10 billion, a PE ratio of 5.50, a PEG ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a twelve month low of $80.67 and a twelve month high of $184.48.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its 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 net margin of 18.45% and a return on equity of 40.52%. The firm had revenue of $825.30 million during the quarter, compared to analysts' expectations of $808.40 million. During the same period last year, the firm posted $0.07 earnings per share. The firm's revenue for the quarter was up 22.1% compared to the same quarter last year. Equities research analysts anticipate that Deckers Outdoor will post 5.22 EPS for the current fiscal year.

Insider Activity

In other news, Director David Powers sold 140,832 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 2,450,808 shares in the company, valued at approximately $58,756,760.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director David Powers sold 140,832 shares of the company'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 sale, the director now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven J. Fasching sold 9,198 shares of the company's 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 sale, the chief financial officer now directly owns 161,838 shares in the company, valued at $26,973,539.46. This 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 owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DECK. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker's stock valued at $27,000 after purchasing an additional 23 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Deckers Outdoor in the 2nd quarter valued at $34,000. Contravisory Investment Management Inc. bought a new stake in shares of Deckers Outdoor during the first quarter worth $36,000. EntryPoint Capital LLC lifted its stake in shares of Deckers Outdoor by 256.3% during the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker's stock valued at $54,000 after acquiring an additional 41 shares during the period. Finally, Rise Advisors LLC boosted its holdings in Deckers Outdoor by 500.0% in the third quarter. Rise Advisors LLC now owns 390 shares of the textile maker's stock valued at $62,000 after acquiring an additional 325 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

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.