Deckers Outdoor (NYSE:DECK) Receives New Coverage from Analysts at KeyCorp

KeyCorp started coverage on shares of Deckers Outdoor (NYSE:DECKFree Report) in a research report sent to investors on Wednesday morning, Briefing.com reports. The brokerage issued an overweight rating and a $960.00 price target on the textile maker’s stock.

A number of other equities analysts also recently weighed in on the stock. Raymond James boosted their target price on shares of Deckers Outdoor from $585.00 to $845.00 and gave the stock an outperform rating in a research note on Tuesday, January 30th. BTIG Research boosted their price target on shares of Deckers Outdoor from $650.00 to $800.00 and gave the stock a buy rating in a research note on Thursday, December 7th. Telsey Advisory Group boosted their price target on shares of Deckers Outdoor from $850.00 to $930.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $650.00 to $750.00 and gave the stock an outperform rating in a research note on Monday, December 4th. Finally, Truist Financial boosted their price target on shares of Deckers Outdoor from $859.00 to $983.00 and gave the stock a buy rating in a research note on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $846.77.

Get Our Latest Stock Report on Deckers Outdoor

Deckers Outdoor Trading Up 1.0 %

Shares of NYSE DECK opened at $833.95 on Wednesday. Deckers Outdoor has a 1-year low of $395.90 and a 1-year high of $903.70. The company has a market cap of $21.46 billion, a PE ratio of 30.00, a P/E/G ratio of 1.67 and a beta of 0.99. The company has a 50-day moving average of $720.11 and a two-hundred day moving average of $610.48.

Deckers Outdoor (NYSE:DECKGet Free Report) last announced its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.45 billion. During the same period in the previous year, the firm posted $10.48 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. As a group, equities research analysts forecast that Deckers Outdoor will post 26.88 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In other news, CEO David Powers sold 17,978 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $716.52, for a total value of $12,881,596.56. Following the completion of the transaction, the chief executive officer now owns 98,218 shares in the company, valued at $70,375,161.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Caroti Stefano sold 14,725 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $687.46, for a total value of $10,122,848.50. Following the completion of the transaction, the insider now owns 49,036 shares in the company, valued at $33,710,288.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Powers sold 17,978 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $716.52, for a total transaction of $12,881,596.56. Following the completion of the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $70,375,161.36. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DECK. HighTower Advisors LLC boosted its holdings in Deckers Outdoor by 13.7% during the first quarter. HighTower Advisors LLC now owns 3,294 shares of the textile maker’s stock worth $902,000 after purchasing an additional 398 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Deckers Outdoor by 7.1% during the first quarter. Great West Life Assurance Co. Can now owns 15,156 shares of the textile maker’s stock worth $4,272,000 after purchasing an additional 1,001 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in Deckers Outdoor during the first quarter worth $882,000. Sei Investments Co. boosted its holdings in Deckers Outdoor by 53.1% during the first quarter. Sei Investments Co. now owns 35,845 shares of the textile maker’s stock worth $9,811,000 after purchasing an additional 12,439 shares during the last quarter. Finally, Aviva PLC boosted its holdings in Deckers Outdoor by 24.9% during the first quarter. Aviva PLC now owns 8,020 shares of the textile maker’s stock worth $2,196,000 after purchasing an additional 1,597 shares during the last quarter. Institutional investors and hedge funds own 95.69% of the company’s stock.

Deckers Outdoor Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.