Deckers Outdoor (NYSE:DECK) Price Target Increased to $1,075.00 by Analysts at Robert W. Baird

Deckers Outdoor (NYSE:DECK) had its price target hoisted by Robert W. Baird from $1,050.00 to $1,075.00 in a report published on Friday, Benzinga reports. The brokerage currently has an outperform rating on the textile maker’s stock.

Several other analysts have also recently issued reports on DECK. Wells Fargo & Company upped their price objective on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the company an equal weight rating in a research note on Friday, May 24th. KeyCorp lifted their price objective on Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an overweight rating in a research report on Friday, May 24th. BTIG Research upped their target price on Deckers Outdoor from $1,120.00 to $1,200.00 and gave the company a buy rating in a report on Tuesday, June 25th. Citigroup boosted their price target on shares of Deckers Outdoor from $835.00 to $920.00 and gave the company a neutral rating in a research report on Wednesday, May 15th. Finally, Truist Financial upgraded shares of Deckers Outdoor from a hold rating to a buy rating and raised their price objective for the stock from $1,011.00 to $1,200.00 in a research report on Tuesday, May 28th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $1,040.13.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $921.22 on Friday. Deckers Outdoor has a 1-year low of $484.02 and a 1-year high of $1,106.89. The company has a market cap of $23.41 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.93 and a beta of 1.06. The stock has a 50 day simple moving average of $971.00 and a 200-day simple moving average of $894.29.

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 market closes on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 25th. The textile maker reported $4.52 EPS for the quarter, beating the consensus estimate of $3.59 by $0.93. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm had revenue of $825.30 million during the quarter, compared to the consensus estimate of $808.40 million. During the same period in the prior year, the company earned $2.41 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. Analysts anticipate that Deckers Outdoor will post 31.23 earnings per share for the current fiscal year.

Insider Activity at Deckers Outdoor

In related 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 transaction of $11,902,607.50. Following the completion of the transaction, the chief executive officer now directly owns 76,006 shares in the company, valued at approximately $82,580,519. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Angela Ogbechie sold 153 shares of the stock in a transaction on 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 sale, the insider now directly owns 3,779 shares in the company, valued at $4,073,497.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Powers sold 10,955 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 76,006 shares of the company’s stock, valued at $82,580,519. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,108 shares of company stock worth $23,919,671. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds have recently bought and sold shares of the stock. Handelsbanken Fonder AB raised its holdings in Deckers Outdoor by 12.4% in the fourth quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock valued at $3,639,000 after acquiring an additional 600 shares in the last quarter. Chevy Chase Trust Holdings LLC grew its stake in shares of Deckers Outdoor by 285.2% during the first quarter. Chevy Chase Trust Holdings LLC now owns 17,853 shares of the textile maker’s stock worth $16,804,000 after purchasing an additional 13,218 shares in the last quarter. Intrust Bank NA raised its stake in Deckers Outdoor by 1.3% in the fourth quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock valued at $1,976,000 after buying an additional 38 shares in the last quarter. Cim LLC purchased a new stake in Deckers Outdoor during the 4th quarter worth about $2,311,000. Finally, Advisors Preferred LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth about $2,271,000. 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.