Truist Financial Raises Deckers Outdoor (NYSE:DECK) Price Target to $1,225.00

Deckers Outdoor (NYSE:DECK) had its target price hoisted by stock analysts at Truist Financial from $1,200.00 to $1,225.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Truist Financial’s target price would indicate a potential upside of 45.46% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Evercore ISI dropped their price target on shares of Deckers Outdoor from $1,110.00 to $1,100.00 and set an “outperform” rating for the company in a research note on Monday, July 15th. KeyCorp increased their price objective on Deckers Outdoor from $960.00 to $1,015.00 and gave the company an “overweight” rating in a report on Friday, May 24th. Wells Fargo & Company lifted their target price on Deckers Outdoor from $775.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, May 24th. UBS Group upped their price target on Deckers Outdoor from $1,150.00 to $1,265.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Finally, TD Cowen raised their price objective on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,025.94.

Deckers Outdoor Stock Down 0.5 %

Shares of DECK stock opened at $842.14 on Friday. Deckers Outdoor has a twelve month low of $484.02 and a twelve month high of $1,106.89. The stock’s fifty day simple moving average is $970.49 and its 200 day simple moving average is $888.57. The firm has a market capitalization of $21.40 billion, a P/E ratio of 28.75, a P/E/G ratio of 2.81 and a beta of 1.06.

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

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported $4.52 earnings per share for the quarter, topping the consensus estimate of $3.59 by $0.93. The company had revenue of $825.30 million for the quarter, compared to analysts’ expectations of $808.40 million. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.41 earnings per share. As a group, equities research analysts expect that Deckers Outdoor will post 30.81 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In related news, insider Thomas Garcia sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was 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 approximately $12,526,418.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Deckers Outdoor news, Director Michael F. Devine III sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $1,077.00, for a total transaction of $2,154,000.00. Following the transaction, the director now owns 6,204 shares in the company, valued at $6,681,708. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas Garcia sold 4,000 shares of Deckers Outdoor stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $1,074.86, for a total transaction of $4,299,440.00. Following the transaction, the insider now owns 11,654 shares of the company’s stock, valued at $12,526,418.44. The disclosure for this sale can be found here. Insiders have sold 22,108 shares of company stock valued at $23,919,671 in the last 90 days. 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 made changes to their positions in DECK. Handelsbanken Fonder AB raised its stake in shares of Deckers Outdoor by 12.4% in the fourth quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock worth $3,639,000 after purchasing an additional 600 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its holdings in Deckers Outdoor by 285.2% during the first quarter. Chevy Chase Trust Holdings LLC now owns 17,853 shares of the textile maker’s stock worth $16,804,000 after buying an additional 13,218 shares in the last quarter. Intrust Bank NA raised its position in Deckers Outdoor by 1.3% in the 4th quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock valued at $1,976,000 after buying an additional 38 shares during the last quarter. Cim LLC bought a new position in Deckers Outdoor during the 4th quarter valued at $2,311,000. Finally, Advisors Preferred LLC purchased a new position in Deckers Outdoor during the 4th quarter worth $2,271,000. 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.