Deckers Outdoor (NYSE:DECK) Given New $1,005.00 Price Target at TD Cowen

Deckers Outdoor (NYSE:DECK) had its price target raised by TD Cowen from $1,000.00 to $1,005.00 in a research note released on Thursday morning, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Other analysts have also issued reports about the company. Raymond James boosted their price target on Deckers Outdoor from $585.00 to $845.00 and gave the company an outperform rating in a report on Tuesday, January 30th. Truist Financial reiterated a hold rating and set a $864.00 target price (down previously from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Telsey Advisory Group reiterated an outperform rating and set a $930.00 target price on shares of Deckers Outdoor in a report on Thursday, February 15th. Piper Sandler upped their target price on Deckers Outdoor from $650.00 to $730.00 and gave the stock a neutral rating in a report on Wednesday, January 24th. Finally, KeyCorp assumed coverage on Deckers Outdoor in a report on Wednesday, February 7th. They set an overweight rating and a $960.00 target price on the stock. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $890.93.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $813.00 on Thursday. The firm has a market cap of $20.87 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 1.45 and a beta of 1.01. The stock’s 50-day moving average is $886.18 and its 200-day moving average is $732.82. Deckers Outdoor has a one year low of $424.36 and a one year high of $956.17.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating analysts’ consensus estimates of $11.40 by $3.71. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $10.48 earnings per share. On average, equities analysts expect that Deckers Outdoor will post 26.87 EPS for the current year.

Insiders Place Their Bets

In other news, Director Lauri M. Shanahan sold 3,672 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $832.22, for a total value of $3,055,911.84. Following the transaction, the director now owns 4,515 shares of the company’s stock, valued at $3,757,473.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the transaction, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauri M. Shanahan sold 3,672 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $832.22, for a total value of $3,055,911.84. Following the sale, the director now directly owns 4,515 shares in the company, valued at approximately $3,757,473.30. The disclosure for this sale can be found here. Insiders have sold a total of 30,464 shares of company stock valued at $26,229,683 over the last 90 days. 0.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

Large investors have recently added to or reduced their stakes in the stock. Advisor Resource Council acquired a new stake in Deckers Outdoor during the fourth quarter worth approximately $970,000. Advisors Preferred LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth approximately $2,271,000. Louisiana State Employees Retirement System acquired a new stake in Deckers Outdoor during the fourth quarter worth approximately $4,813,000. First Trust Direct Indexing L.P. grew its position in Deckers Outdoor by 12.5% during the third quarter. First Trust Direct Indexing L.P. now owns 458 shares of the textile maker’s stock worth $235,000 after buying an additional 51 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth approximately $73,722,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

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