Wedbush Reaffirms "Outperform" Rating for Deckers Outdoor (NYSE:DECK)

Wedbush reaffirmed their outperform rating on shares of Deckers Outdoor (NYSE:DECK - Free Report) in a report issued on Monday morning, Benzinga reports. They currently have a $1,000.00 price target on the textile maker's stock.

DECK has been the topic of several other reports. Truist Financial reiterated a hold rating and issued a $864.00 price objective (down from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Telsey Advisory Group reissued an outperform rating and set a $930.00 price objective on shares of Deckers Outdoor in a report on Thursday, February 15th. Bank of America downgraded shares of Deckers Outdoor from a buy rating to a neutral rating and cut their price target for the company from $875.00 to $860.00 in a report on Thursday, April 25th. KeyCorp assumed coverage on shares of Deckers Outdoor in a research note on Wednesday, February 7th. They set an overweight rating and a $960.00 price objective on the stock. Finally, Raymond James lifted their target price on shares of Deckers Outdoor from $585.00 to $845.00 and gave the company an outperform rating in a research note on Tuesday, January 30th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $889.00.

Deckers Outdoor Stock Up 2.4 %

NYSE DECK traded up $20.34 during midday trading on Monday, hitting $862.68. The company had a trading volume of 296,319 shares, compared to its average volume of 417,652. The firm has a fifty day simple moving average of $878.07 and a two-hundred day simple moving average of $763.88. The stock has a market cap of $22.14 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 1.49 and a beta of 1.05. Deckers Outdoor has a fifty-two week low of $424.36 and a fifty-two week high of $956.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, beating the consensus estimate of $11.40 by $3.71. The firm had revenue of $1.56 billion during the quarter, compared to analysts' expectations of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. The company's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $10.48 EPS. As a group, equities analysts predict that Deckers Outdoor will post 26.89 earnings per share for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, 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 completion of the sale, the chief executive officer now owns 98,218 shares of the company's stock, valued at $80,942,435.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Bonita C. Stewart sold 3,500 shares of the business's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total value of $3,048,885.00. Following the sale, the director now directly owns 8,863 shares in the company, valued at $7,720,647.93. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David Powers sold 5,993 shares of the company's stock in a transaction that occurred on Monday, April 15th. The stock was 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 of the company's stock, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,464 shares of company stock worth $26,229,683. Insiders own 0.70% of the company's stock.

Institutional Investors Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in DECK. Contravisory Investment Management Inc. bought a new stake in shares of Deckers Outdoor during the first quarter worth approximately $36,000. FinTrust Capital Advisors LLC lifted its holdings in shares of Deckers Outdoor by 437.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker's stock worth $29,000 after buying an additional 35 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $33,000. FSC Wealth Advisors LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $39,000. Finally, Rise Advisors LLC bought a new position in shares of Deckers Outdoor during the first quarter worth approximately $61,000. 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.