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

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

A number of other research firms have also recently weighed in on DECK. Bank of America boosted their price target on Deckers Outdoor from $23.89 to $28.33 and gave the stock a neutral rating in a report on Friday, May 24th. Wells Fargo & Company boosted their price target on Deckers Outdoor from $21.53 to $27.78 and gave the company an equal weight rating in a research report on Friday, May 24th. TD Cowen upped their target price on Deckers Outdoor from $28.86 to $29.31 and gave the stock a buy rating in a research report on Friday, July 26th. Wedbush reissued an outperform rating and issued a $28.61 price target on shares of Deckers Outdoor in a report on Friday, July 26th. Finally, Stifel Nicolaus cut their price objective on Deckers Outdoor from $887.00 to $147.83 and set a hold rating on the stock in a research note on Tuesday, September 17th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Deckers Outdoor has an average rating of Moderate Buy and an average target price of $46.42.

Deckers Outdoor Trading Down 0.9 %

Shares of DECK stock opened at $150.73 on Friday. Deckers Outdoor has a twelve month low of $80.67 and a twelve month high of $184.48. The company has a market capitalization 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. The business’s 50 day moving average is $38.18 and its two-hundred day moving average is $30.11.

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

Insider Buying and Selling

In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the 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 transaction, the director now directly owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Deckers Outdoor by 18.9% during the first quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock valued at $2,751,448,000 after purchasing an additional 464,020 shares during the last quarter. TD Asset Management Inc increased its stake in Deckers Outdoor by 191.1% during the fourth quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock valued at $204,505,000 after acquiring an additional 200,850 shares during the period. Millennium Management LLC increased its stake in Deckers Outdoor by 231.2% during the second quarter. Millennium Management LLC now owns 233,810 shares of the textile maker’s stock valued at $226,316,000 after acquiring an additional 163,210 shares during the period. Epoch Investment Partners Inc. increased its stake in Deckers Outdoor by 90.4% during the fourth quarter. Epoch Investment Partners Inc. now owns 216,709 shares of the textile maker’s stock valued at $144,855,000 after acquiring an additional 102,882 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Deckers Outdoor by 32.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 183,739 shares of the textile maker’s stock valued at $122,817,000 after purchasing an additional 44,942 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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.