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

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

A number of other research firms also recently weighed in on DECK. Robert W. Baird lifted their target price on Deckers Outdoor from $29.17 to $29.86 and gave the stock an outperform rating in a report on Friday, July 26th. KeyCorp lifted their target price on Deckers Outdoor from $26.67 to $28.19 and gave the stock an overweight rating in a report on Friday, May 24th. BTIG Research raised their price target on Deckers Outdoor from $31.11 to $33.33 and gave the stock a buy rating in a research report on Tuesday, June 25th. Barclays raised their price target on Deckers Outdoor from $30.25 to $30.28 and gave the stock an overweight rating in a research report on Friday, July 26th. Finally, TD Cowen raised their price target on Deckers Outdoor from $28.86 to $29.31 and gave the stock a buy rating in a research report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of Moderate Buy and an average price target of $46.42.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $150.73 on Tuesday. Deckers Outdoor has a 1 year low of $80.67 and a 1 year high of $184.48. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 5.15, a P/E/G ratio of 2.66 and a beta of 1.05. The business has a fifty day simple moving average of $38.18 and a two-hundred day simple moving average of $30.04.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share 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 during the quarter, compared to the consensus estimate of $808.40 million. During the same quarter last year, the firm earned $0.07 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. As a group, equities analysts anticipate 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 dated Friday, September 6th. The stock was 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 $58,756,760.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of 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 in the last quarter. FinTrust Capital Advisors LLC boosted its stake in shares of Deckers Outdoor by 437.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 35 shares in the last quarter. Crewe Advisors LLC acquired a new stake in shares of Deckers Outdoor during the second quarter valued at about $34,000. Contravisory Investment Management Inc. acquired a new stake in shares of Deckers Outdoor during the first quarter valued at about $36,000. Finally, EntryPoint Capital LLC boosted its stake in shares of 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 purchasing an additional 41 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

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.