Deckers Outdoor’s (DECK) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Deckers Outdoor (NYSE:DECK)‘s stock had its “outperform” rating reiterated by investment analysts at Telsey Advisory Group in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $240.00 price target on the textile maker’s stock. Telsey Advisory Group’s target price points to a potential upside of 87.76% from the stock’s current price. Telsey Advisory Group also issued estimates for Deckers Outdoor’s FY2025 earnings at $6.01 EPS.

Other analysts have also issued research reports about the stock. Wells Fargo & Company raised their price target on shares of Deckers Outdoor from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday. Citigroup lowered their price target on shares of Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating for the company in a report on Monday, April 28th. Needham & Company LLC reissued a “buy” rating and issued a $246.00 price target on shares of Deckers Outdoor in a report on Friday, January 31st. KeyCorp lowered their price target on shares of Deckers Outdoor from $230.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, April 29th. Finally, Bank of America raised their price target on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.16.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $127.82 on Friday. The firm has a market cap of $19.40 billion, a P/E ratio of 20.72, a P/E/G ratio of 1.68 and a beta of 1.11. The firm has a 50 day simple moving average of $114.19 and a 200 day simple moving average of $159.46. Deckers Outdoor has a fifty-two week low of $93.72 and a fifty-two week high of $223.98.

Insider Transactions at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This trade represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. This represents a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Deckers Outdoor by 109.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock worth $91,965,000 after acquiring an additional 235,091 shares during the period. Navellier & Associates Inc. raised its holdings in shares of Deckers Outdoor by 6.4% during the fourth quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock worth $6,053,000 after acquiring an additional 1,791 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in shares of Deckers Outdoor by 62.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock worth $1,407,000 after acquiring an additional 2,668 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Deckers Outdoor by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock worth $203,300,000 after acquiring an additional 32,318 shares during the period. Finally, Amundi raised its holdings in shares of Deckers Outdoor by 11.0% during the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock worth $225,855,000 after acquiring an additional 108,054 shares during the period. 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.