Deckers Outdoor (NYSE:DECK) Price Target Cut to $180.00 by Analysts at Barclays

Deckers Outdoor (NYSE:DECK) had its target price dropped by analysts at Barclays from $1,090.00 to $180.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price target indicates a potential upside of 20.33% from the company’s current price.

A number of other brokerages also recently issued reports on DECK. Robert W. Baird boosted their price target on Deckers Outdoor from $29.17 to $29.86 and gave the company an “outperform” rating in a report on Friday, July 26th. Piper Sandler reissued a “neutral” rating and set a $27.78 target price on shares of Deckers Outdoor in a research note on Friday, August 23rd. TD Cowen raised their price target on Deckers Outdoor from $28.86 to $29.31 and gave the stock a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus reduced their price objective on shares of Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating on the stock in a research report on Tuesday. Finally, Truist Financial raised their target price on shares of Deckers Outdoor from $33.33 to $34.03 and gave the stock a “buy” rating in a research report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor presently has an average rating of “Moderate Buy” and an average price target of $46.42.

Deckers Outdoor Trading Down 1.7 %

Shares of NYSE:DECK traded down $2.52 during trading on Friday, reaching $149.59. 577,729 shares of the company traded hands, compared to its average volume of 2,277,299. Deckers Outdoor has a 52-week low of $80.67 and a 52-week high of $184.48. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 5.11, a P/E/G ratio of 2.66 and a beta of 1.05. The business’s fifty day moving average is $35.66 and its 200-day moving average is $29.17.

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 the consensus estimate 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 quarter in the prior year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, sell-side analysts predict that Deckers Outdoor will post 31.6 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In related news, Director David Powers sold 140,832 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the sale, the director now directly owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by insiders.

Institutional Trading of Deckers Outdoor

A number of institutional investors and hedge funds have recently modified their holdings of the business. Private Advisor Group LLC bought a new stake in Deckers Outdoor in the 4th quarter worth about $206,000. D.A. Davidson & CO. increased its position in Deckers Outdoor by 27.5% during the fourth quarter. D.A. Davidson & CO. now owns 2,155 shares of the textile maker’s stock valued at $1,440,000 after acquiring an additional 465 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in Deckers Outdoor by 1.7% in the fourth quarter. Corient Private Wealth LLC now owns 14,819 shares of the textile maker’s stock valued at $9,905,000 after acquiring an additional 251 shares during the period. CreativeOne Wealth LLC bought a new position in shares of Deckers Outdoor in the 4th quarter worth approximately $257,000. Finally, Assetmark Inc. boosted its holdings in shares of Deckers Outdoor by 28.4% in the fourth quarter. Assetmark Inc. now owns 1,406 shares of the textile maker’s stock worth $940,000 after buying an additional 311 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

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.