Brokerages Set Deckers Outdoor Co. (NYSE:DECK) Price Target at $870.93

Shares of Deckers Outdoor Co. (NYSE:DECK) have been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $890.93.

A number of brokerages recently commented on DECK. Wells Fargo & Company lifted their price objective on Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. Stifel Nicolaus upped their price objective 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. UBS Group raised their price objective on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. KeyCorp began coverage on shares of Deckers Outdoor in a report on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 target price on the stock. Finally, Wedbush restated an “outperform” rating and set a $1,000.00 price target on shares of Deckers Outdoor in a report on Wednesday, April 10th.

Deckers Outdoor Stock Down 0.8 %

Deckers Outdoor stock opened at $813.00 on Friday. The company has a fifty day simple moving average of $886.18 and a 200-day simple moving average of $732.82. The firm has a market capitalization of $20.87 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 1.44 and a beta of 1.01. Deckers Outdoor has a 52-week low of $424.36 and a 52-week high of $956.17.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the company earned $10.48 EPS. Deckers Outdoor’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts anticipate that Deckers Outdoor will post 26.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $80,942,435.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related 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 transaction of $4,938,891.23. Following the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bonita C. Stewart sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $871.11, for a total transaction of $3,048,885.00. Following the completion of the transaction, the director now directly owns 8,863 shares of the company’s stock, valued at approximately $7,720,647.93. The disclosure for this sale can be found here. Insiders have sold 30,464 shares of company stock worth $26,229,683 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Several large investors have recently bought and sold shares of DECK. CIBC Private Wealth Group LLC grew its position in shares of Deckers Outdoor by 1.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock worth $632,000 after buying an additional 15 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Deckers Outdoor by 7.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker’s stock worth $119,000 after acquiring an additional 16 shares in the last quarter. Janiczek Wealth Management LLC increased its position in shares of Deckers Outdoor by 20.8% in the 4th quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker’s stock valued at $62,000 after purchasing an additional 16 shares during the last quarter. Chase Investment Counsel Corp raised its holdings in shares of Deckers Outdoor by 0.3% in the 3rd quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker’s stock valued at $2,967,000 after purchasing an additional 19 shares in the last quarter. Finally, Flputnam Investment Management Co. lifted its position in shares of Deckers Outdoor by 2.9% during the 3rd quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker’s stock worth $389,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

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.