Deckers Outdoor (NYSE:DECK) Given New $147.83 Price Target at Stifel Nicolaus

Deckers Outdoor (NYSE:DECK) had its price objective reduced by Stifel Nicolaus from $887.00 to $147.83 in a report issued on Tuesday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the textile maker’s stock.

Several other brokerages have also recently weighed in on DECK. Barclays raised their price objective on Deckers Outdoor from $30.25 to $30.28 and gave the company an overweight rating in a research note on Friday, July 26th. Bank of America boosted their price target on shares of Deckers Outdoor from $23.89 to $28.33 and gave the stock a neutral rating in a report on Friday, May 24th. BTIG Research increased their price objective on shares of Deckers Outdoor from $31.11 to $33.33 and gave the company a buy rating in a research note on Tuesday, June 25th. UBS Group boosted their target price on Deckers Outdoor from $35.14 to $37.50 and gave the stock a buy rating in a research note on Friday, July 26th. Finally, Piper Sandler reaffirmed a neutral rating and issued a $27.78 target price on shares of Deckers Outdoor in a report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of Moderate Buy and an average price target of $37.06.

Deckers Outdoor Trading Down 83.4 %

Deckers Outdoor stock opened at $155.25 on Tuesday. The firm’s fifty day moving average price is $30.47 and its two-hundred day moving average price is $27.41. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 5.30, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05. Deckers Outdoor has a 1-year low of $80.67 and a 1-year high of $184.48.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $825.30 million during the quarter, compared to the consensus estimate of $808.40 million. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. On average, research analysts forecast that Deckers Outdoor will post 31.6 EPS for the current year.

Insider Transactions at Deckers Outdoor

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. grew its position in shares of Deckers Outdoor by 460.0% in 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 in the last quarter. FinTrust Capital Advisors LLC increased its position in shares of 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 buying an additional 35 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Deckers Outdoor in the second quarter worth about $34,000. Contravisory Investment Management Inc. bought a new position in shares of Deckers Outdoor in the first quarter valued at approximately $36,000. Finally, EntryPoint Capital LLC grew its stake 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 acquiring an additional 41 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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.