Deckers Outdoor (NYSE:DECK) Price Target Cut to $147.83

Deckers Outdoor (NYSE:DECK) had its price target dropped by research analysts at Stifel Nicolaus from $887.00 to $147.83 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the textile maker’s stock. Stifel Nicolaus’ target price would suggest a potential downside of 5.98% from the company’s current price.

DECK has been the subject of several other research reports. Truist Financial raised their price objective on shares of Deckers Outdoor from $33.33 to $34.03 and gave the company a “buy” rating in a research note on Friday, July 26th. Piper Sandler reissued a “neutral” rating and issued a $27.78 price objective on shares of Deckers Outdoor in a research note on Friday, August 23rd. KeyCorp raised their price objective on shares of Deckers Outdoor from $26.67 to $28.19 and gave the company an “overweight” rating in a research note on Friday, May 24th. Evercore ISI lowered their price objective on shares of Deckers Outdoor from $30.83 to $30.56 and set an “outperform” rating for the company in a research note on Monday, July 15th. Finally, UBS Group lifted their price target on shares of Deckers Outdoor from $35.14 to $37.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.06.

Deckers Outdoor Price Performance

Shares of DECK opened at $157.23 on Tuesday. Deckers Outdoor has a 1-year low of $80.67 and a 1-year high of $184.48. The stock has a market cap of $4.00 billion, a PE ratio of 5.37, a P/E/G ratio of 2.66 and a beta of 1.05. The firm has a 50-day simple moving average of $33.11 and a two-hundred day simple moving average of $28.31.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The business had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. During the same period last year, the business earned $0.07 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. As a group, sell-side analysts expect that Deckers Outdoor will post 31.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Deckers Outdoor news, Director David Powers sold 140,832 shares of Deckers Outdoor 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 transaction, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. ClariVest Asset Management LLC boosted its holdings in shares of Deckers Outdoor by 0.4% in the second quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker’s stock valued at $3,363,000 after acquiring an additional 14 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Deckers Outdoor by 1.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock valued at $632,000 after acquiring an additional 15 shares in the last quarter. U S Global Investors Inc. boosted its holdings in shares of Deckers Outdoor by 1.5% in the second quarter. U S Global Investors Inc. now owns 995 shares of the textile maker’s stock valued at $963,000 after acquiring an additional 15 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in Deckers Outdoor by 1.4% during the second quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock worth $1,298,000 after buying an additional 19 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in Deckers Outdoor by 7.5% during the second quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker’s stock worth $264,000 after buying an additional 19 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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.