Deckers Outdoor (NYSE:DECK) Stock Rating Reaffirmed by Wedbush

Deckers Outdoor (NYSE:DECK)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wedbush in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $1,030.00 target price on the textile maker’s stock. Wedbush’s target price would indicate a potential upside of 14.69% from the stock’s current price. Wedbush also issued estimates for Deckers Outdoor’s Q1 2025 earnings at $3.39 EPS and Q3 2025 earnings at $15.04 EPS.

Several other analysts also recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Deckers Outdoor from $775.00 to $825.00 and gave the stock a “hold” rating in a research report on Friday, May 24th. TD Cowen boosted their target price on shares of Deckers Outdoor from $1,005.00 to $1,039.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. BTIG Research boosted their target price on shares of Deckers Outdoor from $1,120.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Evercore ISI boosted their target price on shares of Deckers Outdoor from $960.00 to $1,110.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. Finally, Bank of America boosted their target price on shares of Deckers Outdoor from $860.00 to $1,020.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,023.44.

Deckers Outdoor Price Performance

DECK stock opened at $898.06 on Thursday. Deckers Outdoor has a 52-week low of $484.02 and a 52-week high of $1,106.89. The company’s 50 day simple moving average is $968.93 and its 200-day simple moving average is $875.72. The firm has a market capitalization of $22.85 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.99 and a beta of 1.06.

Deckers Outdoor’s stock is scheduled 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 payable to shareholders after the market closes on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, beating the consensus estimate of $2.82 by $2.13. The firm had revenue of $959.76 million for the quarter, compared to analyst estimates of $892.00 million. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.46 EPS. Sell-side analysts predict that Deckers Outdoor will post 30.59 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In related news, CEO David Powers sold 10,955 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO David Powers sold 10,955 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the completion of the transaction, the chief executive officer now owns 76,006 shares in the company, valued at approximately $82,580,519. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas Garcia sold 4,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $1,074.86, for a total transaction of $4,299,440.00. Following the completion of the transaction, the insider now owns 11,654 shares of the company’s stock, valued at approximately $12,526,418.44. The disclosure for this sale can be found here. Insiders sold a total of 28,101 shares of company stock worth $28,858,562 in the last ninety days. 0.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

Hedge funds have recently made changes to their positions in the business. FinTrust Capital Advisors LLC raised its stake in shares of Deckers Outdoor by 437.5% in the 4th 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 in the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth about $33,000. Contravisory Investment Management Inc. acquired a new stake in shares of Deckers Outdoor during the 1st quarter worth about $36,000. FSC Wealth Advisors LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth about $39,000. Finally, EntryPoint Capital LLC increased its position 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 in the last quarter. 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.