Deckers Outdoor (NYSE:DECK) Price Target Increased to $1,005.00 by Analysts at TD Cowen

Deckers Outdoor (NYSE:DECK - Free Report) had its price target boosted by TD Cowen from $1,000.00 to $1,005.00 in a research note issued to investors on Thursday morning, Benzinga reports. The firm currently has a buy rating on the textile maker's stock.

DECK has been the topic of several other research reports. UBS Group increased their price target on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Truist Financial restated a hold rating and set a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Piper Sandler increased their price target on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a neutral rating in a research note on Wednesday, January 24th. Telsey Advisory Group restated an outperform rating and set a $930.00 price target on shares of Deckers Outdoor in a research note on Thursday, February 15th. Finally, Barclays initiated coverage on shares of Deckers Outdoor in a research note on Monday, April 1st. They set an overweight rating and a $1,110.00 price target on the stock. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $890.93.

Deckers Outdoor Trading Down 0.8 %

DECK stock traded down $6.20 during midday trading on Thursday, reaching $813.00. The company had a trading volume of 308,467 shares, compared to its average volume of 436,285. Deckers Outdoor has a 1 year low of $424.36 and a 1 year high of $956.17. The company has a market capitalization of $20.87 billion, a P/E ratio of 29.26, a PEG ratio of 1.44 and a beta of 1.01. The company has a 50 day moving average of $886.18 and a two-hundred day moving average of $732.82.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm earned $10.48 EPS. The company's revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Deckers Outdoor will post 26.87 earnings per share for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, CFO Steven J. Fasching sold 5,000 shares of the firm's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.40, for a total value of $4,222,000.00. Following the sale, the chief financial officer now directly owns 29,291 shares in the company, valued at approximately $24,733,320.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Lauri M. Shanahan sold 3,672 shares of the firm's stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $832.22, for a total transaction of $3,055,911.84. Following the completion of the transaction, the director now directly owns 4,515 shares of the company's stock, valued at approximately $3,757,473.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven J. Fasching sold 5,000 shares of the firm's stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the transaction, the chief financial officer now directly owns 29,291 shares of the company's stock, valued at $24,733,320.40. The disclosure for this sale can be found here. Insiders have sold 30,464 shares of company stock worth $26,229,683 in the last ninety days. Insiders own 0.70% of the company's stock.

Hedge Funds Weigh In On Deckers Outdoor

Hedge funds and other institutional investors have recently made changes to their positions in the business. FinTrust Capital Advisors LLC lifted its holdings 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 worth $29,000 after acquiring an additional 35 shares during the period. Anchor Investment Management LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth about $33,000. Contravisory Investment Management Inc. bought a new position in shares of Deckers Outdoor during the 1st quarter worth about $36,000. FSC Wealth Advisors LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth about $39,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Deckers Outdoor by 170.0% during the 3rd 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 during the period. 97.79% of the stock is owned by 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.