Telsey Advisory Group Raises Deckers Outdoor (NYSE:DECK) Price Target to $985.00

Deckers Outdoor (NYSE:DECK) had its target price lifted by Telsey Advisory Group from $930.00 to $985.00 in a research note released on Monday, MarketBeat reports. The brokerage currently has an outperform rating on the textile maker’s stock. Telsey Advisory Group also issued estimates for Deckers Outdoor’s Q4 2024 earnings at $2.92 EPS, FY2024 earnings at $27.20 EPS, Q4 2025 earnings at $4.22 EPS, FY2025 earnings at $30.12 EPS and FY2026 earnings at $34.28 EPS.

A number of other research firms have also recently weighed in on DECK. Barclays started coverage on shares of Deckers Outdoor in a research report on Monday, April 1st. They issued an overweight rating and a $1,110.00 price objective for the company. Truist Financial reissued a hold rating and issued a $864.00 price objective (down from $983.00) on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Bank of America lowered shares of Deckers Outdoor from a buy rating to a neutral rating and cut their target price for the company from $875.00 to $860.00 in a research note on Thursday, April 25th. Evercore ISI assumed coverage on shares of Deckers Outdoor in a research note on Thursday, February 15th. They issued an outperform rating and a $960.00 target price on the stock. Finally, Citigroup upped their target price on shares of Deckers Outdoor from $835.00 to $920.00 and gave the company a neutral rating in a research note on Wednesday, May 15th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Deckers Outdoor presently has an average rating of Moderate Buy and an average target price of $900.31.

Deckers Outdoor Trading Up 1.3 %

Shares of Deckers Outdoor stock opened at $904.65 on Monday. The company has a fifty day moving average price of $871.93 and a 200 day moving average price of $790.32. Deckers Outdoor has a twelve month low of $424.36 and a twelve month high of $956.17. The stock has a market cap of $23.22 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 1.60 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $2.27. The company had revenue of $959.76 million during the quarter, compared to analysts’ expectations of $892.00 million. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.46 EPS. Analysts forecast that Deckers Outdoor will post 27.09 earnings per share for the current year.

Insider Buying and Selling

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the 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 in the company, valued at approximately $80,942,435.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. purchased a new stake in Deckers Outdoor in the 1st quarter worth approximately $36,000. FinTrust Capital Advisors LLC increased its stake in shares of Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after purchasing an additional 35 shares during the last quarter. Anchor Investment Management LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth $33,000. EntryPoint Capital LLC increased its stake in shares of Deckers Outdoor by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after purchasing an additional 41 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth $39,000. 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.