Barclays Trims Deckers Outdoor (NYSE:DECK) Target Price to $180.00

Deckers Outdoor (NYSE:DECK) had its target price trimmed by Barclays from $1,090.00 to $180.00 in a report released on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the textile maker’s stock.

DECK has been the subject of a number of other research reports. UBS Group increased their target price on Deckers Outdoor from $35.14 to $37.50 and gave the stock a buy rating in a report on Friday, July 26th. Evercore ISI cut their target price 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. Wells Fargo & Company raised their price objective 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. Stifel Nicolaus lowered their target price on shares of Deckers Outdoor from $887.00 to $147.83 and set a hold rating on the stock in a report on Tuesday, September 17th. Finally, Piper Sandler reaffirmed a neutral rating and set a $27.78 target price on shares of Deckers Outdoor in a report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of Moderate Buy and a consensus price target of $46.42.

Deckers Outdoor Stock Down 0.9 %

DECK stock opened at $150.73 on Friday. The business’s fifty day moving average is $38.18 and its 200-day moving average is $30.11. The company has a market cap of $3.83 billion, a P/E ratio of 5.15, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05. Deckers Outdoor has a twelve month low of $80.67 and a twelve month high of $184.48.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.13 EPS 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 quarter in the prior year, the company earned $0.07 EPS. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. Research analysts anticipate 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 business’s 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 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 through this link. 0.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

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