Telsey Advisory Group Raises Deckers Outdoor (NYSE:DECK) Price Target to $985.00

Deckers Outdoor (NYSE:DECKFree Report) had its target price boosted by Telsey Advisory Group from $930.00 to $985.00 in a research report released on Monday, MarketBeat.com reports. Telsey Advisory Group currently has an outperform rating on the textile maker’s stock. Telsey Advisory Group also issued estimates for Deckers Outdoor’s Q4 2024 earnings at $2.92 EPS, FY2024 earnings at $27.20 EPS, Q4 2025 earnings at $4.22 EPS, FY2025 earnings at $30.12 EPS and FY2026 earnings at $34.28 EPS.

A number of other research firms have also weighed in on DECK. TD Cowen lifted 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. Stifel Nicolaus boosted their target price on shares of Deckers Outdoor from $709.00 to $775.00 and gave the stock a hold rating in a research report on Friday, February 2nd. Bank of America lowered shares of Deckers Outdoor from a buy rating to a neutral rating and decreased their target price for the stock from $875.00 to $860.00 in a research report on Thursday, April 25th. Barclays began coverage on shares of Deckers Outdoor in a research report on Monday, April 1st. They set an overweight rating and a $1,110.00 target price on the stock. Finally, Wedbush restated an outperform rating and set a $1,000.00 target price on shares of Deckers Outdoor in a research report on Monday, May 6th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of Moderate Buy and a consensus target price of $900.31.

Read Our Latest Stock Report on DECK

Deckers Outdoor Price Performance

NYSE:DECK opened at $893.66 on Monday. The firm’s fifty day moving average price is $871.93 and its 200 day moving average price is $790.32. Deckers Outdoor has a 1-year low of $424.36 and a 1-year high of $956.17. The firm has a market cap of $22.94 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 1.61 and a beta of 1.05.

Insider Transactions at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the completion of the sale, the chief executive officer now owns 98,218 shares in the company, valued at approximately $90,640,481.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

A number of institutional investors have recently made changes to their positions in DECK. Raymond James Financial Services Advisors Inc. raised its position in shares of Deckers Outdoor by 3.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,754 shares of the textile maker’s stock valued at $902,000 after purchasing an additional 61 shares in the last quarter. Panagora Asset Management Inc. raised its position in shares of Deckers Outdoor by 19.6% in the 3rd quarter. Panagora Asset Management Inc. now owns 1,225 shares of the textile maker’s stock valued at $630,000 after purchasing an additional 201 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Deckers Outdoor by 58.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,536 shares of the textile maker’s stock valued at $1,304,000 after acquiring an additional 936 shares in the last quarter. M&T Bank Corp raised its position in shares of Deckers Outdoor by 11.0% during the 3rd quarter. M&T Bank Corp now owns 990 shares of the textile maker’s stock valued at $509,000 after acquiring an additional 98 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Deckers Outdoor by 5.4% during the 3rd quarter. California Public Employees Retirement System now owns 53,822 shares of the textile maker’s stock valued at $27,669,000 after acquiring an additional 2,775 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Company Profile

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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.

Further Reading

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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