Barclays Boosts Deckers Outdoor (NYSE:DECK) Price Target to $1,090.00

Deckers Outdoor (NYSE:DECK) had its target price upped by equities researchers at Barclays from $1,089.00 to $1,090.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the textile maker’s stock. Barclays‘s target price indicates a potential upside of 19.90% from the stock’s previous close.

A number of other analysts have also issued reports on the company. Truist Financial boosted their target price on Deckers Outdoor from $1,200.00 to $1,225.00 and gave the company a “buy” rating in a research report on Friday. UBS Group increased their target price on Deckers Outdoor from $1,150.00 to $1,265.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. BTIG Research increased their price target on shares of Deckers Outdoor from $1,120.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Citigroup lifted their price objective on shares of Deckers Outdoor from $835.00 to $920.00 and gave the company a “neutral” rating in a report on Wednesday, May 15th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 target price on shares of Deckers Outdoor in a report on Friday. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,033.81.

Deckers Outdoor Stock Up 8.0 %

NYSE:DECK traded up $67.59 on Friday, hitting $909.09. The stock had a trading volume of 670,418 shares, compared to its average volume of 400,562. The company has a fifty day moving average price of $970.49 and a two-hundred day moving average price of $888.57. The stock has a market cap of $23.10 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.81 and a beta of 1.06. Deckers Outdoor has a 1-year low of $484.02 and a 1-year high of $1,106.89.

Shares of Deckers Outdoor are set to split on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported $4.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.59 by $0.93. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The firm had revenue of $825.30 million during the quarter, compared to the consensus estimate of $808.40 million. During the same period last year, the company earned $2.41 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, analysts anticipate that Deckers Outdoor will post 30.81 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In other news, CEO David Powers sold 10,955 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the completion of the transaction, the chief executive officer now directly owns 76,006 shares of the company’s stock, valued at approximately $82,580,519. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Thomas Garcia sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $1,074.86, for a total value of $4,299,440.00. Following the completion of the sale, the insider now directly owns 11,654 shares of the company’s stock, valued at $12,526,418.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO David Powers sold 10,955 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total transaction 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 approximately $82,580,519. The disclosure for this sale can be found here. Insiders have sold 22,108 shares of company stock valued at $23,919,671 over the last quarter. 0.70% of the stock is owned by insiders.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in DECK. Vanguard Group Inc. increased its position in Deckers Outdoor by 18.9% during the first quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock worth $2,751,448,000 after buying an additional 464,020 shares during the period. Norges Bank purchased a new position in Deckers Outdoor in the 4th quarter valued at $196,814,000. TD Asset Management Inc raised its holdings in Deckers Outdoor by 191.1% during the fourth quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock worth $204,505,000 after purchasing an additional 200,850 shares in the last quarter. AMF Tjanstepension AB acquired a new stake in Deckers Outdoor in the second quarter valued at about $154,827,000. Finally, International Assets Investment Management LLC purchased a new stake in Deckers Outdoor in the 4th quarter valued at approximately $73,722,000. 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.