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

Deckers Outdoor (NYSE:DECK) had its price objective decreased by Stifel Nicolaus from $887.00 to $147.83 in a research report sent to investors on Tuesday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the textile maker’s stock.

Other analysts have also issued research reports about the company. Truist Financial boosted their price target on Deckers Outdoor from $33.33 to $34.03 and gave the company a buy rating in a report on Friday, July 26th. Wedbush reiterated an outperform rating and set a $28.61 price objective on shares of Deckers Outdoor in a research note on Friday, July 26th. Robert W. Baird raised their target price 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. TD Cowen lifted their price target on shares of Deckers Outdoor from $28.86 to $29.31 and gave the company a buy rating in a report on Friday, July 26th. Finally, Piper Sandler reissued a neutral rating and issued a $27.78 price objective on shares of Deckers Outdoor in a research note on Friday, August 23rd. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $37.06.

Deckers Outdoor Stock Down 3.3 %

NYSE DECK opened at $152.11 on Tuesday. The company has a 50-day moving average price of $35.66 and a 200-day moving average price of $29.17. Deckers Outdoor has a 52 week low of $80.67 and a 52 week high of $184.48. The firm has a market capitalization of $3.87 billion, a P/E ratio of 5.19, a PEG ratio of 2.66 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, July 25th. The textile maker reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The firm’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 earnings per share. As a group, equities research analysts anticipate that Deckers Outdoor will post 31.6 EPS for the current year.

Insider Transactions at Deckers Outdoor

In related news, Director David Powers sold 140,832 shares of the stock in a transaction that occurred 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 transaction, 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 filing with the SEC, which is available through this link. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Several institutional 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 second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Crewe Advisors LLC purchased a new stake in Deckers Outdoor during the 2nd quarter valued at $34,000. Contravisory Investment Management Inc. bought a new stake in Deckers Outdoor in the first quarter worth $36,000. FinTrust Capital Advisors LLC boosted its stake in Deckers Outdoor by 437.5% during the fourth 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 period. Finally, EntryPoint Capital LLC increased its position in Deckers Outdoor by 256.3% during the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 41 shares during the last quarter. 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.