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

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

Other equities research analysts also recently issued reports about the stock. Truist Financial increased their price objective on shares of Deckers Outdoor from $33.33 to $34.03 and gave the company a buy rating in a research report on Friday, July 26th. StockNews.com upgraded shares of Deckers Outdoor from a hold rating to a strong-buy rating in a report on Tuesday. Piper Sandler restated a neutral rating and issued a $27.78 target price on shares of Deckers Outdoor in a report on Friday, August 23rd. UBS Group upped their target price on shares of Deckers Outdoor from $35.14 to $37.50 and gave the company a buy rating in a report on Friday, July 26th. Finally, Telsey Advisory Group restated an outperform rating and issued a $30.56 target price on shares of Deckers Outdoor in a report on Friday, July 26th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $46.42.

Deckers Outdoor Trading Down 0.9 %

Shares of NYSE:DECK opened at $150.73 on Friday. Deckers Outdoor has a 52 week low of $80.67 and a 52 week high of $184.48. The company’s 50 day moving average is $38.18 and its two-hundred day moving average is $30.04. The company has a market cap of $3.83 billion, a PE ratio of 5.15, a P/E/G ratio of 2.66 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last announced 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 company had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. During the same period in the prior year, the firm posted $0.07 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. As a group, equities research analysts expect that Deckers Outdoor will post 31.6 EPS for the current year.

Insider Buying and Selling

In related news, Director David Powers sold 140,832 shares of the stock in a transaction on 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 completion of the sale, 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 large investors have recently bought and sold shares of DECK. Whittier Trust Co. of Nevada Inc. raised its position in 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 worth $27,000 after buying an additional 23 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after buying an additional 35 shares during the last quarter. Crewe Advisors LLC purchased a new position in Deckers Outdoor during the 2nd quarter worth $34,000. Contravisory Investment Management Inc. purchased a new position in Deckers Outdoor during the 1st quarter worth $36,000. Finally, EntryPoint Capital LLC raised its position in Deckers Outdoor by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after buying an additional 41 shares during the last quarter. Hedge funds and other institutional investors 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.