Deckers Outdoor’s (DECK) “Outperform” Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Deckers Outdoor (NYSE:DECK) in a research report report published on Monday, Benzinga reports. The firm currently has a $1,000.00 price target on the textile maker’s stock. Wedbush also issued estimates for Deckers Outdoor’s Q4 2024 earnings at $2.98 EPS, FY2024 earnings at $27.25 EPS, Q1 2025 earnings at $3.05 EPS, Q2 2025 earnings at $6.88 EPS, Q3 2025 earnings at $16.03 EPS and Q4 2025 earnings at $3.32 EPS.

A number of other analysts have also recently commented on DECK. Bank of America cut shares of Deckers Outdoor from a buy rating to a neutral rating and dropped their price target for the company from $875.00 to $860.00 in a research note on Thursday, April 25th. Evercore ISI began coverage on Deckers Outdoor in a research note on Thursday, February 15th. They set an outperform rating and a $960.00 price objective on the stock. Wells Fargo & Company raised their target price on Deckers Outdoor from $625.00 to $775.00 and gave the stock an equal weight rating in a research note on Friday, February 2nd. Truist Financial reiterated a hold rating and set a $864.00 price target (down from $983.00) on shares of Deckers Outdoor in a research report on Wednesday, April 10th. Finally, TD Cowen raised their price objective on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a buy rating in a research report on Thursday, April 18th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has an average rating of Moderate Buy and a consensus target price of $889.00.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $853.72 on Monday. The firm has a market cap of $21.91 billion, a PE ratio of 30.71, a P/E/G ratio of 1.49 and a beta of 1.05. Deckers Outdoor has a 1 year low of $424.36 and a 1 year high of $956.17. The stock has a fifty day moving average price of $877.33 and a 200-day moving average price of $767.06.

Insider Buying and Selling

In related news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Steven J. Fasching sold 5,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 29,291 shares in the company, valued at approximately $24,733,320.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Powers sold 5,993 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,792 shares of company stock valued at $23,173,771. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently bought and sold shares of DECK. SG Americas Securities LLC acquired a new position in shares of Deckers Outdoor during the third quarter worth $234,000. Raymond James Financial Services Advisors Inc. raised its stake in Deckers Outdoor by 3.6% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,754 shares of the textile maker’s stock valued at $902,000 after buying an additional 61 shares during the last quarter. Forsta AP Fonden boosted its holdings in Deckers Outdoor by 28.0% in the third quarter. Forsta AP Fonden now owns 9,600 shares of the textile maker’s stock worth $4,935,000 after acquiring an additional 2,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Deckers Outdoor by 84.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,626 shares of the textile maker’s stock worth $16,773,000 after acquiring an additional 14,936 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of Deckers Outdoor during the third quarter valued at about $1,352,000. 97.79% of the stock is owned by institutional investors.

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.