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

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

Other research analysts have also recently issued reports about the stock. 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. TD Cowen raised their price objective on shares of Deckers Outdoor from $28.86 to $29.31 and gave the stock a buy rating in a research note on Friday, July 26th. Evercore ISI dropped 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. Robert W. Baird raised their price objective on shares of Deckers Outdoor from $29.17 to $29.86 and gave the stock an outperform rating in a research note on Friday, July 26th. Finally, BTIG Research raised their price objective on shares of Deckers Outdoor from $31.11 to $33.33 and gave the stock a buy rating in a research note on Tuesday, June 25th. 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.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $54.99.

Deckers Outdoor Stock Up 2.3 %

NYSE DECK opened at $154.20 on Friday. Deckers Outdoor has a 52-week low of $80.67 and a 52-week high of $184.48. The stock has a market capitalization of $3.92 billion, a P/E ratio of 5.26, a P/E/G ratio of 2.66 and a beta of 1.05. The firm has a 50-day moving average price of $40.76 and a 200 day moving average price of $31.02.

Deckers Outdoor (NYSE:DECK) last issued its 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 net margin of 18.45% and a return on equity of 40.52%. The company had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. During the same period last year, the company posted $0.07 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts expect that Deckers Outdoor will post 31.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

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 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 SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Deckers Outdoor by 18.9% during the 1st quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock valued at $2,751,448,000 after acquiring an additional 464,020 shares in the last quarter. TD Asset Management Inc increased its stake in Deckers Outdoor by 191.1% during the 4th quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock worth $204,505,000 after buying an additional 200,850 shares during the period. Millennium Management LLC increased its stake in Deckers Outdoor by 231.2% during the 2nd quarter. Millennium Management LLC now owns 233,810 shares of the textile maker’s stock worth $226,316,000 after buying an additional 163,210 shares during the period. Epoch Investment Partners Inc. increased its stake in Deckers Outdoor by 90.4% during the 4th quarter. Epoch Investment Partners Inc. now owns 216,709 shares of the textile maker’s stock worth $144,855,000 after buying an additional 102,882 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Deckers Outdoor by 32.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 183,739 shares of the textile maker’s stock worth $122,817,000 after buying an additional 44,942 shares during the period. Institutional investors and hedge funds own 97.79% of the company’s stock.

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.