Evercore ISI Boosts Deckers Outdoor (NYSE:DECK) Price Target to $185.00

Deckers Outdoor (NYSE:DECK) had its target price upped by Evercore ISI from $183.00 to $185.00 in a report released on Wednesday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the textile maker’s stock.

Other equities analysts have also issued reports about the stock. Wedbush reaffirmed an “outperform” rating and issued a $28.61 price target on shares of Deckers Outdoor in a report on Friday, July 26th. Stifel Nicolaus dropped their target price on Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating on the stock in a research note on Tuesday, September 17th. UBS Group upped their target price on Deckers Outdoor from $225.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Barclays lowered their price target on Deckers Outdoor from $1,090.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Finally, Guggenheim started coverage on shares of Deckers Outdoor in a report on Wednesday, October 9th. They set a “neutral” rating on the stock. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus target price of $114.57.

Deckers Outdoor Stock Up 1.0 %

Deckers Outdoor stock opened at $161.85 on Wednesday. Deckers Outdoor has a twelve month low of $80.67 and a twelve month high of $184.48. The business has a fifty day moving average of $92.01 and a two-hundred day moving average of $48.58. The firm has a market cap of $4.12 billion, a P/E ratio of 5.53, a P/E/G ratio of 2.85 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.07 earnings per share. Equities analysts expect that Deckers Outdoor will post 5.22 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the sale, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director David Powers sold 140,832 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $23.97, for a total value of $3,376,368.96. Following the completion of the transaction, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction on Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the completion of the transaction, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at $26,973,539.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds have recently modified their holdings of DECK. SageView Advisory Group LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter valued at about $261,000. B. Riley Wealth Advisors Inc. increased its position in shares of Deckers Outdoor by 2.2% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 1,768 shares of the textile maker’s stock valued at $1,182,000 after buying an additional 38 shares in the last quarter. HighPoint Advisor Group LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $163,000. Los Angeles Capital Management LLC purchased a new position in shares of Deckers Outdoor during the 1st quarter valued at approximately $10,879,000. Finally, GAMMA Investing LLC grew its stake in Deckers Outdoor by 20.5% in the 1st quarter. GAMMA Investing LLC now owns 229 shares of the textile maker’s stock valued at $216,000 after acquiring an additional 39 shares during the period. 97.79% of the stock is owned by hedge funds and other 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.