Deckers Outdoor (NYSE:DECK) Rating Reiterated by Wedbush

Wedbush restated their outperform rating on shares of Deckers Outdoor (NYSE:DECK) in a research report released on Monday morning, Benzinga reports. They currently have a $1,000.00 target price on the textile maker’s stock. Wedbush also issued estimates for Deckers Outdoor’s Q4 2024 earnings at $2.98 EPS, FY2024 earnings at $27.25 EPS, Q1 2025 earnings at $3.05 EPS, Q2 2025 earnings at $6.88 EPS, Q3 2025 earnings at $16.03 EPS and Q4 2025 earnings at $3.32 EPS.

DECK has been the topic of a number of other research reports. Wells Fargo & Company raised their price target on shares of Deckers Outdoor from $625.00 to $775.00 and gave the stock an equal weight rating in a report on Friday, February 2nd. Barclays started coverage on Deckers Outdoor in a report on Monday, April 1st. They issued an overweight rating and a $1,110.00 price objective for the company. Truist Financial reissued a hold rating and set a $864.00 target price (down from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Evercore ISI began coverage on Deckers Outdoor in a research note on Thursday, February 15th. They issued an outperform rating and a $960.00 price target for the company. Finally, UBS Group boosted their price objective on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the company a buy rating in a research report on Friday, February 2nd. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $889.00.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $874.77 on Monday. The stock has a market capitalization of $22.45 billion, a P/E ratio of 31.47, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05. Deckers Outdoor has a one year low of $424.36 and a one year high of $956.17. The business’s 50 day simple moving average is $876.92 and its two-hundred day simple moving average is $767.81.

Insider Buying and Selling at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Deckers Outdoor news, Director Bonita C. Stewart sold 3,500 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $871.11, for a total transaction of $3,048,885.00. Following the completion of the sale, the director now directly owns 8,863 shares in the company, valued at approximately $7,720,647.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Powers sold 5,993 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the completion of the transaction, the chief executive officer now owns 98,218 shares in the company, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,479 shares of company stock valued at $18,687,559. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Deckers Outdoor in the 3rd quarter worth $234,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Deckers Outdoor by 3.6% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,754 shares of the textile maker’s stock valued at $902,000 after buying an additional 61 shares during the last quarter. Forsta AP Fonden increased its holdings in Deckers Outdoor by 28.0% in the 3rd quarter. Forsta AP Fonden now owns 9,600 shares of the textile maker’s stock worth $4,935,000 after buying an additional 2,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Deckers Outdoor by 84.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,626 shares of the textile maker’s stock worth $16,773,000 after buying an additional 14,936 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of Deckers Outdoor during the 3rd quarter valued at about $1,352,000. 97.79% of the stock is currently 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.