Deckers Outdoor (NYSE:DECK) PT Lowered to $180.00

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

A number of other research firms have also recently commented on DECK. Stifel Nicolaus lowered their price target on shares of Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating on the stock in a report on Tuesday. Truist Financial upped their price target on Deckers Outdoor from $33.33 to $34.03 and gave the company a “buy” rating in a research report on Friday, July 26th. Wedbush reiterated an “outperform” rating and set a $28.61 price target on shares of Deckers Outdoor in a research note on Friday, July 26th. TD Cowen boosted their price objective on Deckers Outdoor from $28.86 to $29.31 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company increased their target price on shares of Deckers Outdoor from $21.53 to $27.78 and gave the stock an “equal weight” rating in a research report on Friday, May 24th. Five equities research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $46.42.

Deckers Outdoor Trading Down 1.7 %

DECK stock traded down $2.52 during trading on Friday, reaching $149.59. 577,729 shares of the stock were exchanged, compared to its average volume of 2,277,299. Deckers Outdoor has a twelve month low of $80.67 and a twelve month high of $184.48. The firm’s 50 day moving average is $35.66 and its 200 day moving average is $29.17. The firm has a market cap of $3.81 billion, a P/E ratio of 5.11, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05.

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. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The business had revenue of $825.30 million during the quarter, compared to the consensus estimate of $808.40 million. During the same quarter in the previous year, the business earned $0.07 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. As a group, analysts predict that Deckers Outdoor will post 31.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David Powers sold 140,832 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Large investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Deckers Outdoor by 460.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after buying an additional 23 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Deckers Outdoor in the 2nd quarter valued at $34,000. Contravisory Investment Management Inc. bought a new position in shares of Deckers Outdoor during the 1st quarter valued at $36,000. FinTrust Capital Advisors LLC raised its position in Deckers Outdoor by 437.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after purchasing an additional 35 shares during the period. Finally, EntryPoint Capital LLC lifted its stake in Deckers Outdoor by 256.3% in the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $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.

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.