Evercore ISI Increases Deckers Outdoor (NYSE:DECK) Price Target to $195.00

Deckers Outdoor (NYSE:DECK) had its target price hoisted by research analysts at Evercore ISI from $185.00 to $195.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the textile maker’s stock. Evercore ISI’s price target suggests a potential upside of 16.00% from the company’s current price.

A number of other research analysts have also recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $28.61 price objective on shares of Deckers Outdoor in a report on Friday, July 26th. Barclays decreased their price target on Deckers Outdoor from $1,090.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. TD Cowen raised their price objective on Deckers Outdoor from $176.00 to $178.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research report on Thursday, October 17th. Finally, Guggenheim began coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating for the company. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and an average target price of $149.50.

Deckers Outdoor Stock Performance

NYSE:DECK opened at $168.11 on Friday. The stock has a 50 day moving average price of $105.11 and a 200 day moving average price of $53.38. The stock has a market cap of $4.28 billion, a PE ratio of 5.74, a P/E/G ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a one year low of $80.67 and a one year high of $184.48.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. Deckers Outdoor’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 earnings per share. As a group, analysts predict that Deckers Outdoor will post 5.22 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction on 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director David Powers sold 140,832 shares of the firm’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 sale, the director now directly owns 2,450,808 shares in the company, valued at approximately $58,756,760.24. 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 link. Also, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction on 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 transaction, 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 disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Chevy Chase Trust Holdings LLC raised its position in shares of Deckers Outdoor by 285.2% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 17,853 shares of the textile maker’s stock worth $16,804,000 after acquiring an additional 13,218 shares in the last quarter. Monument Capital Management lifted its position in shares of Deckers Outdoor by 39.7% during the 1st quarter. Monument Capital Management now owns 3,030 shares of the textile maker’s stock worth $2,852,000 after buying an additional 861 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Deckers Outdoor by 46.2% during the 1st quarter. BNP Paribas Financial Markets now owns 30,263 shares of the textile maker’s stock worth $28,485,000 after buying an additional 9,558 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Deckers Outdoor by 3.9% in the 1st quarter. Nordea Investment Management AB now owns 1,823 shares of the textile maker’s stock valued at $1,728,000 after buying an additional 68 shares in the last quarter. Finally, Consolidated Portfolio Review Corp purchased a new position in shares of Deckers Outdoor in the 1st quarter valued at $2,567,000. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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.