Deckers Outdoor (NYSE:DECK – Free Report) had its price target lifted by Telsey Advisory Group from $850.00 to $930.00 in a research report report published on Friday morning, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the textile maker’s stock.
DECK has been the topic of several other reports. Citigroup lowered Deckers Outdoor from a buy rating to a neutral rating and raised their target price for the company from $665.00 to $710.00 in a report on Friday, December 8th. Truist Financial assumed coverage on Deckers Outdoor in a report on Friday, November 17th. They issued a buy rating and a $735.00 target price for the company. StockNews.com started coverage on Deckers Outdoor in a research report on Thursday, October 5th. They set a hold rating for the company. UBS Group lifted their price target on shares of Deckers Outdoor from $865.00 to $950.00 and gave the company a buy rating in a research report on Thursday, January 25th. Finally, Robert W. Baird upped their price objective on shares of Deckers Outdoor from $650.00 to $750.00 and gave the stock an outperform rating in a report on Monday, December 4th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $837.33.
Deckers Outdoor Price Performance
Deckers Outdoor (NYSE:DECK – Get Free Report) last posted its earnings results on Thursday, February 1st. The textile maker reported $15.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.40 by $3.71. Deckers Outdoor had a net margin of 17.57% and a return on equity of 40.49%. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the company earned $10.48 earnings per share. The company’s revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts predict that Deckers Outdoor will post 26.38 earnings per share for the current year.
Insider Transactions at Deckers Outdoor
In related news, insider Caroti Stefano sold 14,725 shares of the stock in a transaction dated 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 sale, 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 SEC, which can be accessed through this link. In related news, insider Caroti Stefano sold 14,725 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was 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 directly owns 49,036 shares of the company’s stock, valued at $33,710,288.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Powers sold 17,978 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $70,375,161.36. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Steward Financial Group LLC bought a new position in shares of Deckers Outdoor during the second quarter valued at $25,000. WealthPlan Investment Management LLC increased its position in shares of Deckers Outdoor by 260.0% during the 2nd quarter. WealthPlan Investment Management LLC now owns 180 shares of the textile maker’s stock worth $32,000 after purchasing an additional 130 shares in the last quarter. Anchor Investment Management LLC bought a new position in Deckers Outdoor during the 4th quarter valued at about $33,000. FSC Wealth Advisors LLC acquired a new position in Deckers Outdoor in the fourth quarter valued at about $39,000. Finally, Ritter Daniher Financial Advisory LLC DE boosted its position in Deckers Outdoor by 170.0% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after buying an additional 51 shares in the last quarter. Institutional investors and hedge funds own 95.69% 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.
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