Deckers Outdoor Co. (NYSE:DECK) Receives $1,057.00 Average PT from Analysts

Deckers Outdoor Co. (NYSE:DECK) has been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $1,057.00.

A number of brokerages recently weighed in on DECK. Bank of America boosted their price objective on Deckers Outdoor from $860.00 to $1,020.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Wedbush reaffirmed an “outperform” rating and issued a $1,030.00 price objective on shares of Deckers Outdoor in a research note on Friday, July 26th. UBS Group lifted their target price on shares of Deckers Outdoor from $1,265.00 to $1,350.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. KeyCorp boosted their target price on shares of Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an “overweight” rating in a report on Friday, May 24th. Finally, Robert W. Baird raised their price target on shares of Deckers Outdoor from $1,050.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Friday, July 26th.

Insider Activity at Deckers Outdoor

In other news, Director David Powers sold 3,912 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $863.08, for a total transaction of $3,376,368.96. Following the completion of the sale, the director now owns 68,078 shares of the company’s stock, valued at approximately $58,756,760.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of Deckers Outdoor

Several large investors have recently made changes to their positions in DECK. Whittier Trust Co. of Nevada Inc. boosted its holdings in Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after acquiring an additional 23 shares in the last quarter. FinTrust Capital Advisors LLC raised its position in shares of Deckers Outdoor by 437.5% during the fourth 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 period. Crewe Advisors LLC bought a new position in shares of Deckers Outdoor in the 2nd quarter worth $34,000. Contravisory Investment Management Inc. acquired a new stake in Deckers Outdoor in the 1st quarter valued at $36,000. Finally, EntryPoint Capital LLC increased its stake in Deckers Outdoor by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 41 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $935.07 on Wednesday. The business has a fifty day moving average price of $910.36 and a two-hundred day moving average price of $919.67. The stock has a market capitalization of $23.76 billion, a PE ratio of 31.92, a P/E/G ratio of 2.66 and a beta of 1.05. Deckers Outdoor has a fifty-two week low of $484.02 and a fifty-two week high of $1,106.89.

Deckers Outdoor’s stock is set to split on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, September 17th.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported $4.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.59 by $0.93. The company had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company posted $2.41 EPS. On average, equities analysts expect that Deckers Outdoor will post 31.6 EPS for the current year.

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.