Truist Financial Issues Positive Forecast for Deckers Outdoor (NYSE:DECK) Stock Price

Deckers Outdoor (NYSE:DECK) had its price target upped by equities research analysts at Truist Financial from $230.00 to $235.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Truist Financial’s price target would indicate a potential upside of 13.19% from the company’s current price.

A number of other brokerages also recently commented on DECK. TD Cowen increased their price target on Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Guggenheim initiated coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating for the company. Evercore ISI increased their price target on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. UBS Group raised their target price on Deckers Outdoor from $226.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Stifel Nicolaus raised their target price on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and a consensus target price of $165.06.

Deckers Outdoor Price Performance

Shares of DECK stock traded up $3.88 during trading hours on Thursday, reaching $207.61. The company had a trading volume of 84,396 shares, compared to its average volume of 1,538,316. Deckers Outdoor has a 12 month low of $118.85 and a 12 month high of $214.70. The business has a fifty day simple moving average of $197.77 and a 200-day simple moving average of $121.26. The company has a market cap of $31.54 billion, a price-to-earnings ratio of 36.51, a price-to-earnings-growth ratio of 2.89 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last issued its quarterly 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. Deckers Outdoor’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the business posted $1.14 earnings per share. On average, equities research analysts expect that Deckers Outdoor will post 5.53 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In related news, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the completion of the sale, the insider now owns 63,642 shares of the company’s stock, valued at approximately $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 1,278 shares of Deckers Outdoor stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $163.24, for a total value of $208,620.72. Following the sale, the insider now directly owns 29,628 shares of the company’s stock, valued at $4,836,474.72. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,036 shares of company stock valued at $13,715,482. Company insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Large investors have recently added to or reduced their stakes in the business. Solstein Capital LLC lifted its stake in Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after purchasing an additional 135 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in Deckers Outdoor by 521.4% during the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its stake in Deckers Outdoor by 825.0% during the fourth quarter. Fortitude Family Office LLC now owns 222 shares of the textile maker’s stock worth $45,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 97.79% 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.