Wedbush Reiterates Outperform Rating for Deckers Outdoor (NYSE:DECK)

Deckers Outdoor (NYSE:DECK)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Wedbush in a research report issued on Monday, Benzinga reports. They presently have a $1,000.00 target price on the textile maker’s stock. Wedbush’s price objective indicates a potential upside of 15.96% from the stock’s previous close. Wedbush also issued estimates for Deckers Outdoor’s FY2024 earnings at $27.25 EPS, Q2 2025 earnings at $6.88 EPS and Q3 2025 earnings at $16.03 EPS.

DECK has been the subject of a number of other research reports. Piper Sandler lifted 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. Telsey Advisory Group reissued an “outperform” rating and issued a $930.00 target price on shares of Deckers Outdoor in a research report on Thursday, February 15th. Raymond James raised their price target on shares of Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Stifel Nicolaus boosted their price objective on shares of Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a report on Friday, February 2nd. Finally, KeyCorp initiated coverage on shares of Deckers Outdoor in a report on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $889.00.

Deckers Outdoor Stock Up 0.1 %

NYSE:DECK opened at $862.38 on Monday. The stock has a market cap of $22.14 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 1.49 and a beta of 1.05. The company’s 50 day moving average price is $877.91 and its 200-day moving average price is $766.45. Deckers Outdoor has a 52 week low of $424.36 and a 52 week high of $956.17.

Insider Buying and Selling

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $80,942,435.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven J. Fasching sold 5,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the sale, the chief financial officer now owns 29,291 shares in the company, valued at approximately $24,733,320.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,792 shares of company stock valued at $23,173,771. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DECK. Inspire Investing LLC purchased a new stake in shares of Deckers Outdoor in the first quarter worth about $1,323,000. Sei Investments Co. raised its holdings in shares of Deckers Outdoor by 31.6% during the 1st quarter. Sei Investments Co. now owns 35,055 shares of the textile maker’s stock worth $32,995,000 after acquiring an additional 8,420 shares in the last quarter. GW Henssler & Associates Ltd. bought a new position in shares of Deckers Outdoor during the 1st quarter valued at approximately $251,000. Atomi Financial Group Inc. purchased a new position in shares of Deckers Outdoor in the first quarter valued at $203,000. Finally, Forsta AP Fonden increased its position in Deckers Outdoor by 4.3% in the first quarter. Forsta AP Fonden now owns 12,200 shares of the textile maker’s stock worth $11,483,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other 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.