Deckers Outdoor (NYSE:DECK) Given New $185.00 Price Target at TD Cowen

Deckers Outdoor (NYSE:DECK) had its target price upped by TD Cowen from $178.00 to $185.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a buy rating on the textile maker’s stock.

DECK has been the subject of several other reports. StockNews.com downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Bank of America upped their price objective on shares of Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research report on Friday. Stifel Nicolaus lifted their target price on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research report on Friday. Wells Fargo & Company raised their price target on shares of Deckers Outdoor from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Evercore ISI boosted their price objective on Deckers Outdoor from $185.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.50.

Deckers Outdoor Stock Performance

DECK opened at $168.15 on Friday. The company has a fifty day moving average of $105.11 and a two-hundred day moving average of $53.18. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 5.74, a PEG ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a fifty-two week low of $80.67 and a fifty-two week high of $184.48.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the firm earned $1.14 EPS. On average, equities research analysts forecast that Deckers Outdoor will post 5.22 earnings per share for the current year.

Insider Activity

In other news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction that occurred 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 sale, the chief financial officer now owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Steven J. Fasching sold 9,198 shares of the firm’s 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 completion of 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 can be accessed through this hyperlink. Also, Director David Powers sold 140,832 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction 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 disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Institutional investors have recently added to or reduced their stakes in the stock. ClariVest Asset Management LLC lifted its stake in Deckers Outdoor by 0.4% during the second quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker’s stock worth $3,363,000 after purchasing an additional 14 shares in the last quarter. U S Global Investors Inc. raised its holdings in shares of Deckers Outdoor by 1.5% in the 2nd quarter. U S Global Investors Inc. now owns 995 shares of the textile maker’s stock valued at $963,000 after buying an additional 15 shares during the period. Arkadios Wealth Advisors lifted its stake in Deckers Outdoor by 1.4% during the 2nd quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock worth $1,298,000 after acquiring an additional 19 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Deckers Outdoor by 7.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock valued at $264,000 after acquiring an additional 19 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in Deckers Outdoor by 5.2% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker’s stock valued at $393,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

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.