Deckers Outdoor’s (DECK) “Outperform” Rating Reiterated at Wedbush

Deckers Outdoor (NYSE:DECK)‘s stock had its “outperform” rating reissued by analysts at Wedbush in a note issued to investors on Monday, Benzinga reports. They presently have a $1,000.00 target price on the textile maker’s stock. Wedbush’s target price would suggest a potential upside of 18.72% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Raymond James upped their price target on shares of Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Stifel Nicolaus upped their price target on shares of Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a report on Friday, February 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $930.00 target price on shares of Deckers Outdoor in a research note on Thursday, February 15th. Piper Sandler increased their target price on shares of Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Finally, Truist Financial reiterated a “hold” rating and issued a $864.00 target price (down previously from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and an average target price of $889.00.

Deckers Outdoor Trading Up 1.2 %

NYSE DECK opened at $842.34 on Monday. 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 $21.62 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05. The firm’s fifty day simple moving average is $878.19 and its 200-day simple moving average is $761.39.

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

Insider Buying and Selling

In other news, insider Angela Ogbechie sold 313 shares of Deckers Outdoor stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now owns 4,027 shares in the company, valued at approximately $3,399,311.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $862.53, for a total value of $5,169,142.29. Following the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at $84,715,971.54. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 313 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the transaction, the insider now owns 4,027 shares in the company, valued at approximately $3,399,311.51. The disclosure for this sale can be found here. Insiders have sold 30,464 shares of company stock valued at $26,229,683 in the last 90 days. 0.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently modified their holdings of DECK. FinTrust Capital Advisors LLC boosted its stake in shares of Deckers Outdoor by 437.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after buying an additional 35 shares during the period. Anchor Investment Management LLC bought a new stake in Deckers Outdoor during the fourth quarter worth about $33,000. Contravisory Investment Management Inc. acquired a new stake in Deckers Outdoor during the first quarter worth about $36,000. FSC Wealth Advisors LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter worth approximately $39,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its position 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 in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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.