Deckers Outdoor (NYSE:DECK) Given New $1,005.00 Price Target at TD Cowen

Deckers Outdoor (NYSE:DECK) had its price target lifted by TD Cowen from $1,000.00 to $1,005.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

Several other research analysts have also weighed in on DECK. UBS Group upped their price target on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a buy rating in a research report on Friday, February 2nd. Stifel Nicolaus boosted their target price on Deckers Outdoor from $709.00 to $775.00 and gave the company a hold rating in a research note on Friday, February 2nd. Evercore ISI initiated coverage on Deckers Outdoor in a research note on Thursday, February 15th. They issued an outperform rating and a $960.00 target price on the stock. KeyCorp initiated coverage on Deckers Outdoor in a research note on Wednesday, February 7th. They issued an overweight rating and a $960.00 target price on the stock. Finally, Barclays initiated coverage on Deckers Outdoor in a research note on Monday, April 1st. They issued an overweight rating and a $1,110.00 target price on the stock. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor presently has an average rating of Moderate Buy and a consensus target price of $890.93.

Deckers Outdoor Trading Down 0.8 %

NYSE:DECK opened at $813.00 on Thursday. The firm has a market capitalization of $20.87 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 1.45 and a beta of 1.01. Deckers Outdoor has a 1-year low of $424.36 and a 1-year high of $956.17. The business’s fifty day moving average price is $886.18 and its 200 day moving average price is $732.82.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share for the quarter, beating the consensus estimate of $11.40 by $3.71. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.45 billion. Deckers Outdoor had a return on equity of 38.77% and a net margin of 17.57%. Deckers Outdoor’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $10.48 earnings per share. Equities analysts forecast that Deckers Outdoor will post 26.87 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In related news, CFO Steven J. Fasching sold 5,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the sale, the chief financial officer now owns 29,291 shares in the company, valued at approximately $24,733,320.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Angela Ogbechie sold 313 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total transaction of $264,212.69. Following the completion of the sale, the insider now owns 4,027 shares in the company, valued at approximately $3,399,311.51. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Steven J. Fasching sold 5,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.40, for a total value of $4,222,000.00. Following the sale, the chief financial officer now owns 29,291 shares of the company’s stock, valued at approximately $24,733,320.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,464 shares of company stock worth $26,229,683. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of Deckers Outdoor

Several hedge funds have recently added to or reduced their stakes in DECK. Advisor Resource Council acquired a new position in Deckers Outdoor in the 4th quarter valued at approximately $970,000. Advisors Preferred LLC acquired a new position in Deckers Outdoor in the 4th quarter valued at approximately $2,271,000. Louisiana State Employees Retirement System acquired a new position in Deckers Outdoor in the 4th quarter valued at approximately $4,813,000. First Trust Direct Indexing L.P. raised its holdings in Deckers Outdoor by 12.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 458 shares of the textile maker’s stock valued at $235,000 after acquiring an additional 51 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Deckers Outdoor in the 4th quarter valued at approximately $73,722,000. 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.