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Deckers Outdoor (NYSE:DECK) PT Raised to $1,200.00

Deckers Outdoor logo with Retail/Wholesale background

Deckers Outdoor (NYSE:DECK - Free Report) had its target price lifted by BTIG Research from $1,120.00 to $1,200.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the textile maker's stock.

DECK has been the subject of a number of other research reports. Citigroup raised their target price on Deckers Outdoor from $835.00 to $920.00 and gave the company a neutral rating in a research note on Wednesday, May 15th. Evercore ISI raised their target price on Deckers Outdoor from $960.00 to $1,110.00 and gave the company an outperform rating in a research note on Friday, May 24th. UBS Group raised their target price on Deckers Outdoor from $1,150.00 to $1,265.00 and gave the company a buy rating in a research note on Friday, May 24th. TD Cowen raised their target price on Deckers Outdoor from $1,005.00 to $1,039.00 and gave the company a buy rating in a research note on Friday, May 24th. Finally, KeyCorp raised their price objective on Deckers Outdoor from $960.00 to $1,015.00 and gave the company an overweight rating in a research report on Friday, May 24th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $1,023.44.

View Our Latest Analysis on Deckers Outdoor


Deckers Outdoor Stock Down 0.3 %

Shares of Deckers Outdoor stock traded down $2.76 during trading on Tuesday, hitting $975.32. 238,978 shares of the stock traded hands, compared to its average volume of 401,256. The stock has a market cap of $24.81 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 3.28 and a beta of 1.11. The firm's fifty day moving average is $938.62 and its 200-day moving average is $856.46. Deckers Outdoor has a 52 week low of $484.02 and a 52 week high of $1,106.89.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 EPS for the quarter, beating the consensus estimate of $2.82 by $2.13. The firm had revenue of $959.76 million for the quarter, compared to analyst estimates of $892.00 million. Deckers Outdoor had a return on equity of 38.85% and a net margin of 17.69%. The company's revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.46 EPS. On average, analysts forecast that Deckers Outdoor will post 30.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Deckers Outdoor news, insider Angela Ogbechie sold 153 shares of the business's stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the sale, the insider now directly owns 3,779 shares of the company's stock, valued at $4,073,497.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Angela Ogbechie sold 153 shares of the company's stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the transaction, the insider now owns 3,779 shares of the company's stock, valued at $4,073,497.47. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Powers sold 5,993 shares of the company's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. Insiders have sold 28,101 shares of company stock valued at $28,858,562 over the last ninety days. 0.70% of the stock is owned by insiders.

Institutional Trading of Deckers Outdoor

A number of large investors have recently modified their holdings of DECK. Dark Forest Capital Management LP purchased a new stake in shares of Deckers Outdoor in the third quarter valued at approximately $549,000. LPL Financial LLC boosted its holdings in shares of Deckers Outdoor by 0.9% in the third quarter. LPL Financial LLC now owns 18,572 shares of the textile maker's stock valued at $9,548,000 after purchasing an additional 168 shares during the period. Stifel Financial Corp boosted its holdings in shares of Deckers Outdoor by 0.8% in the third quarter. Stifel Financial Corp now owns 21,443 shares of the textile maker's stock valued at $11,024,000 after purchasing an additional 168 shares during the period. Northern Trust Corp boosted its holdings in shares of Deckers Outdoor by 2.6% in the third quarter. Northern Trust Corp now owns 231,535 shares of the textile maker's stock valued at $119,030,000 after purchasing an additional 5,972 shares during the period. Finally, Primecap Management Co. CA boosted its holdings in shares of Deckers Outdoor by 1.7% in the third quarter. Primecap Management Co. CA now owns 4,694 shares of the textile maker's stock valued at $2,413,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Company Profile

(Get Free Report)

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.

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