Deckers Outdoor Stock Set to Split on Tuesday, September 17th (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK)’s stock is scheduled to split on Tuesday, September 17th. The 6-1 split was announced on Friday, July 12th. The newly issued shares will be issued to shareholders after the closing bell on Monday, September 16th.

Deckers Outdoor Stock Performance

DECK opened at $895.02 on Thursday. Deckers Outdoor has a one year low of $484.02 and a one year high of $1,106.89. The stock’s fifty day moving average is $917.99 and its 200-day moving average is $918.61. The company has a market capitalization of $22.77 billion, a PE ratio of 30.56, a P/E/G ratio of 2.81 and a beta of 1.06.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 25th. The textile maker reported $4.52 EPS for the quarter, topping analysts’ consensus estimates of $3.59 by $0.93. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. During the same quarter in the previous year, the business earned $2.41 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts forecast that Deckers Outdoor will post 31.6 EPS for the current fiscal year.

Analysts Set New Price Targets

DECK has been the topic of a number of research reports. Truist Financial boosted their price objective on Deckers Outdoor from $1,200.00 to $1,225.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Robert W. Baird lifted their target price on Deckers Outdoor from $1,050.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Stifel Nicolaus lifted their target price on Deckers Outdoor from $825.00 to $887.00 and gave the stock a “hold” rating in a report on Friday, July 26th. UBS Group lifted their target price on Deckers Outdoor from $1,265.00 to $1,350.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Bank of America lifted their target price on Deckers Outdoor from $860.00 to $1,020.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,057.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. boosted its position in Deckers Outdoor by 460.0% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 23 shares during the last quarter. FinTrust Capital Advisors LLC boosted its position in Deckers Outdoor by 437.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 35 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Deckers Outdoor during the second quarter valued at $34,000. Contravisory Investment Management Inc. acquired a new stake in Deckers Outdoor during the first quarter valued at $36,000. Finally, EntryPoint Capital LLC boosted its position in Deckers Outdoor by 256.3% during the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.