Stifel Nicolaus Lowers Deckers Outdoor (NYSE:DECK) Price Target to $147.83

Deckers Outdoor (NYSE:DECK) had its price target reduced by Stifel Nicolaus from $887.00 to $147.83 in a research note published on Tuesday, Benzinga reports. They currently have a hold rating on the textile maker’s stock.

DECK has been the topic of several other reports. Truist Financial boosted their price target on Deckers Outdoor from $33.33 to $34.03 and gave the company a buy rating in a research note on Friday, July 26th. UBS Group boosted their price target on Deckers Outdoor from $35.14 to $37.50 and gave the company a buy rating in a research note on Friday, July 26th. Robert W. Baird boosted their price target on Deckers Outdoor from $29.17 to $29.86 and gave the company an outperform rating in a research note on Friday, July 26th. Piper Sandler reissued a neutral rating and issued a $27.78 price target on shares of Deckers Outdoor in a research note on Friday, August 23rd. Finally, Wedbush reissued an outperform rating and issued a $28.61 price target on shares of Deckers Outdoor in a research note on Friday, July 26th. Five 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 company. According to data from MarketBeat, Deckers Outdoor has an average rating of Moderate Buy and an average target price of $46.42.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $150.73 on Tuesday. The stock’s 50 day moving average is $38.18 and its 200 day moving average is $30.04. The firm has a market cap of $3.83 billion, a P/E ratio of 5.15, a P/E/G ratio of 2.66 and a beta of 1.05. Deckers Outdoor has a one year low of $80.67 and a one year high of $184.48.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.13 EPS for the quarter, topping 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 company had revenue of $825.30 million for the quarter, compared to analyst estimates of $808.40 million. During the same period in the previous year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. Equities analysts anticipate that Deckers Outdoor will post 31.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director David Powers sold 140,832 shares of the company’s stock in a transaction on Friday, September 6th. The stock was 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 $58,756,760.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors have recently bought and sold shares of the stock. Chevy Chase Trust Holdings LLC grew its holdings in Deckers Outdoor by 285.2% during the first quarter. Chevy Chase Trust Holdings LLC now owns 17,853 shares of the textile maker’s stock worth $16,804,000 after buying an additional 13,218 shares in the last quarter. Cim LLC bought a new position in Deckers Outdoor in the 4th quarter valued at $2,311,000. Artisan Partners Limited Partnership grew its stake in Deckers Outdoor by 7.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 152,626 shares of the textile maker’s stock valued at $102,020,000 after purchasing an additional 11,159 shares during the period. Monument Capital Management grew its stake in Deckers Outdoor by 39.7% in the 1st quarter. Monument Capital Management now owns 3,030 shares of the textile maker’s stock valued at $2,852,000 after purchasing an additional 861 shares during the period. Finally, Leo Wealth LLC bought a new position in Deckers Outdoor in the 4th quarter valued at $1,344,000. 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.