Deckers Outdoor (NYSE:DECK) Price Target Increased to $1,200.00 by Analysts at BTIG Research

Deckers Outdoor (NYSE:DECK) had its price target raised by BTIG Research from $1,120.00 to $1,200.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the textile maker’s stock.

Several other research analysts have also recently weighed in on the stock. TD Cowen increased their price target on shares of Deckers Outdoor from $1,005.00 to $1,039.00 and gave the company a buy rating in a report on Friday, May 24th. Citigroup increased their target price on Deckers Outdoor from $835.00 to $920.00 and gave the stock a neutral rating in a research note on Wednesday, May 15th. Wedbush boosted their price target on Deckers Outdoor from $1,000.00 to $1,030.00 and gave the company an outperform rating in a research note on Friday, May 24th. Truist Financial upgraded Deckers Outdoor from a hold rating to a buy rating and increased their price objective for the stock from $1,011.00 to $1,200.00 in a research report on Tuesday, May 28th. Finally, Robert W. Baird boosted their target price on shares of Deckers Outdoor from $975.00 to $1,050.00 and gave the company an outperform rating in a research report on Friday, May 24th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $1,023.44.

Deckers Outdoor Stock Down 0.3 %

Shares of NYSE DECK opened at $975.32 on Tuesday. The business’s 50 day moving average price is $938.62 and its two-hundred day moving average price is $856.46. The company has a market cap of $24.81 billion, a PE ratio of 33.30, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. Deckers Outdoor has a twelve month low of $484.02 and a twelve month high of $1,106.89.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $2.13. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The business had revenue of $959.76 million for the quarter, compared to analyst estimates of $892.00 million. During the same period in the previous year, the firm earned $3.46 EPS. The firm’s revenue was up 21.2% compared to the same quarter last year. As a group, research analysts anticipate that Deckers Outdoor will post 30.59 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In other news, CEO David Powers sold 10,955 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the completion of the transaction, the chief executive officer now owns 76,006 shares of the company’s stock, valued at $82,580,519. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Deckers Outdoor news, Director Michael F. Devine III sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $1,077.00, for a total value of $2,154,000.00. Following the completion of the transaction, the director now owns 6,204 shares of the company’s stock, valued at approximately $6,681,708. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David Powers sold 10,955 shares of Deckers Outdoor stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following 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. Insiders have sold 28,101 shares of company stock valued at $28,858,562 over the last ninety days. 0.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB grew its stake in shares of Deckers Outdoor by 12.4% in the fourth quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock worth $3,639,000 after purchasing an additional 600 shares during the last quarter. Intrust Bank NA increased its stake in shares of Deckers Outdoor by 1.3% in the fourth quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock valued at $1,976,000 after buying an additional 38 shares during the period. Cim LLC bought a new position in shares of Deckers Outdoor during the fourth quarter worth about $2,311,000. Advisor Resource Council acquired a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $970,000. Finally, Advisors Preferred LLC bought a new stake in Deckers Outdoor in the fourth quarter valued at approximately $2,271,000. Institutional investors 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.