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

Deckers Outdoor (NYSE:DECK) had its target price raised by TD Cowen from $176.00 to $178.00 in a research report released on Monday morning, Benzinga reports. The firm currently has a buy rating on the textile maker’s stock.

Several other equities analysts 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. Truist Financial increased their price target on shares of Deckers Outdoor from $204.17 to $205.00 and gave the company a buy rating in a report on Tuesday, October 8th. BTIG Research increased their price objective on shares of Deckers Outdoor from $31.11 to $33.33 and gave the company a buy rating in a research report on Tuesday, June 25th. Wells Fargo & Company reduced their price objective on shares of Deckers Outdoor from $1,000.00 to $165.00 and set an equal weight rating for the company in a research note on Monday, September 23rd. Finally, Barclays cut their target price on shares of 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. Eight analysts have rated the stock with a hold rating and eleven 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 target price of $86.76.

Deckers Outdoor Price Performance

DECK opened at $160.73 on Monday. The firm has a market capitalization of $4.09 billion, a PE ratio of 5.50, 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’s 50-day moving average is $78.30 and its 200 day moving average is $44.14.

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

Insider Buying and Selling

In related news, CFO Steven J. Fasching sold 9,198 shares of the company’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 transaction of $1,533,030.66. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Steven J. Fasching sold 9,198 shares of the firm’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Powers sold 140,832 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24. 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.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Deckers Outdoor by 460.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after buying an additional 23 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of Deckers Outdoor in the 2nd quarter valued at approximately $34,000. Contravisory Investment Management Inc. bought a new position in shares of Deckers Outdoor in the 1st quarter valued at approximately $36,000. EntryPoint Capital LLC raised its stake in shares of Deckers Outdoor by 256.3% in the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 41 shares in the last quarter. Finally, Rise Advisors LLC bought a new position in shares of Deckers Outdoor in the 1st quarter valued at approximately $61,000. 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.