Deckers Outdoor (NYSE:DECK) PT Raised to $1,090.00

Deckers Outdoor (NYSE:DECK) had its target price hoisted by Barclays from $1,089.00 to $1,090.00 in a research note released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the textile maker’s stock.

A number of other equities analysts have also weighed in on DECK. Stifel Nicolaus upped their target price on Deckers Outdoor from $825.00 to $887.00 and gave the stock a hold rating in a research report on Friday. Citigroup increased their price target on Deckers Outdoor from $835.00 to $920.00 and gave the company a neutral rating in a research report on Wednesday, May 15th. Robert W. Baird increased their price target on Deckers Outdoor from $1,050.00 to $1,075.00 and gave the company an outperform rating in a research report on Friday. TD Cowen increased their price target on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the company a buy rating in a research report on Friday, May 24th. Finally, UBS Group increased 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of Moderate Buy and a consensus price target of $1,040.13.

Deckers Outdoor Stock Up 6.3 %

Shares of NYSE:DECK opened at $894.90 on Friday. Deckers Outdoor has a twelve month low of $484.02 and a twelve month high of $1,106.89. The stock’s 50 day moving average is $970.62 and its 200-day moving average is $890.03. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 2.79 and a beta of 1.06.

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

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 25th. The textile maker reported $4.52 earnings per share for the quarter, topping analysts’ consensus estimates of $3.59 by $0.93. Deckers Outdoor had a return on equity of 40.89% and a net margin of 18.45%. The company had revenue of $825.30 million for the quarter, compared to analyst estimates of $808.40 million. During the same period in the prior year, the firm earned $2.41 earnings per share. Deckers Outdoor’s revenue for the quarter was up 22.1% on a year-over-year basis. Equities research analysts anticipate that Deckers Outdoor will post 30.81 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other news, CEO David Powers sold 10,955 shares of the stock in a transaction on 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 owns 76,006 shares in the company, valued at approximately $82,580,519. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Deckers Outdoor news, CEO David Powers sold 10,955 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the completion of the transaction, the chief executive officer now owns 76,006 shares in the company, valued at approximately $82,580,519. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Angela Ogbechie sold 153 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total value of $164,923.29. Following the completion of the transaction, the insider now owns 3,779 shares of the company’s stock, valued at approximately $4,073,497.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,108 shares of company stock worth $23,919,671. 0.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. bought a new position in Deckers Outdoor in the 1st quarter worth about $36,000. FinTrust Capital Advisors LLC boosted its position in shares of Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 35 shares during the last quarter. EntryPoint Capital LLC boosted its position in shares of Deckers Outdoor by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 41 shares during the last quarter. Rise Advisors LLC bought a new stake in shares of Deckers Outdoor during the 1st quarter valued at about $61,000. Finally, Gladius Capital Management LP bought a new stake in shares of Deckers Outdoor during the 2nd quarter valued at about $67,000. Institutional investors 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.