Deckers Outdoor (NYSE:DECK) PT Raised to $825.00 at Stifel Nicolaus

Deckers Outdoor (NYSE:DECK) had its price objective raised by Stifel Nicolaus from $775.00 to $825.00 in a research note published on Friday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the textile maker’s stock.

Several other equities research analysts have also recently weighed in on DECK. Telsey Advisory Group upped their target price on Deckers Outdoor from $930.00 to $985.00 and gave the stock an outperform rating in a research note on Monday, May 20th. Evercore ISI began coverage on Deckers Outdoor in a research note on Thursday, February 15th. They issued an outperform rating and a $960.00 price target for the company. Truist Financial reiterated a hold rating and issued a $864.00 target price (down from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. UBS Group upped their price objective on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the company a buy rating in a research note on Friday, February 2nd. Finally, Wells Fargo & Company increased their price target on Deckers Outdoor from $625.00 to $775.00 and gave the stock an equal weight rating in a report on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $999.44.

Deckers Outdoor Stock Performance

Shares of DECK traded up $128.25 during mid-day trading on Friday, hitting $1,032.90. The company’s stock had a trading volume of 949,983 shares, compared to its average volume of 301,647. Deckers Outdoor has a one year low of $424.36 and a one year high of $1,036.98. The stock’s 50-day moving average is $873.78 and its two-hundred day moving average is $794.03. The firm has a market capitalization of $26.51 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.61 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, topping the consensus estimate of $2.82 by $2.13. Deckers Outdoor had a net margin of 17.69% and a return on equity of 39.90%. The business had revenue of $959.76 million for the quarter, compared to analyst estimates of $892.00 million. During the same quarter last year, the firm earned $3.46 EPS. Deckers Outdoor’s quarterly revenue was up 21.2% compared to the same quarter last year. Analysts expect that Deckers Outdoor will post 29.7 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $80,942,435.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FinTrust Capital Advisors LLC grew its position in Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after acquiring an additional 35 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter valued at about $33,000. Contravisory Investment Management Inc. bought a new position in shares of Deckers Outdoor in the 1st quarter worth approximately $36,000. FSC Wealth Advisors LLC purchased a new position in Deckers Outdoor during the fourth quarter valued at $39,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its stake in Deckers Outdoor by 170.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after acquiring an additional 51 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

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.