Evercore ISI Increases Deckers Outdoor (NYSE:DECK) Price Target to $235.00

Deckers Outdoor (NYSE:DECK) had its target price boosted by research analysts at Evercore ISI from $195.00 to $235.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the textile maker’s stock. Evercore ISI’s price target would indicate a potential upside of 13.07% from the stock’s previous close.

DECK has been the topic of several other research reports. TD Cowen upped their price target on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Guggenheim began coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating for the company. Piper Sandler set a $166.00 target price on Deckers Outdoor in a report on Thursday, October 17th. KeyCorp upped their price target on Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company increased their target price on Deckers Outdoor from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.12.

Deckers Outdoor Stock Up 1.3 %

Deckers Outdoor stock traded up $2.74 during mid-day trading on Thursday, hitting $207.84. 1,630,879 shares of the stock were exchanged, compared to its average volume of 1,878,945. Deckers Outdoor has a 12 month low of $114.11 and a 12 month high of $214.70. The firm’s fifty day simple moving average is $193.37 and its two-hundred day simple moving average is $115.02. The stock has a market capitalization of $31.58 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating the consensus estimate of $1.24 by $0.35. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. As a group, analysts forecast that Deckers Outdoor will post 5.49 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Thomas Garcia sold 18,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the transaction, the insider now directly owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. This represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,036 shares of company stock worth $13,715,482. 0.40% of the stock is currently owned by company insiders.

Institutional Trading of Deckers Outdoor

Several hedge funds and other institutional investors have recently made changes to their positions in DECK. JPMorgan Chase & Co. grew its holdings in shares of Deckers Outdoor by 929.0% during the third quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after buying an additional 1,170,855 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Deckers Outdoor by 506.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,674 shares of the textile maker’s stock worth $1,060,000 after buying an additional 5,574 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Deckers Outdoor by 512.9% in the 3rd quarter. Principal Financial Group Inc. now owns 397,434 shares of the textile maker’s stock valued at $63,371,000 after buying an additional 332,590 shares during the period. Logan Capital Management Inc. increased its stake in shares of Deckers Outdoor by 494.1% during the 3rd quarter. Logan Capital Management Inc. now owns 112,519 shares of the textile maker’s stock valued at $17,941,000 after acquiring an additional 93,580 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Deckers Outdoor by 3,540.6% during the 3rd quarter. Tidal Investments LLC now owns 151,812 shares of the textile maker’s stock worth $24,206,000 after acquiring an additional 147,642 shares during the period. 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.