Barclays Cuts Deckers Outdoor (NYSE:DECK) Price Target to $1,026.00

Deckers Outdoor (NYSE:DECKFree Report) had its target price trimmed by Barclays from $1,110.00 to $1,026.00 in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the textile maker’s stock.

Several other research firms have also commented on DECK. Citigroup upped their price target on shares of Deckers Outdoor from $835.00 to $920.00 and gave the company a neutral rating in a report on Wednesday, May 15th. Wells Fargo & Company lifted their price target on Deckers Outdoor from $625.00 to $775.00 and gave the company an equal weight rating in a research report on Friday, February 2nd. Evercore ISI started coverage on shares of Deckers Outdoor in a research note on Thursday, February 15th. They set an outperform rating and a $960.00 price objective on the stock. Truist Financial reaffirmed a hold rating and set a $864.00 target price (down from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Finally, TD Cowen raised their price target on shares of Deckers Outdoor from $1,000.00 to $1,005.00 and gave the company a buy rating in a research report on Thursday, April 18th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of Moderate Buy and a consensus price target of $900.31.

Check Out Our Latest Stock Analysis on DECK

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $904.65 on Tuesday. Deckers Outdoor has a fifty-two week low of $424.36 and a fifty-two week high of $956.17. The company has a market cap of $23.22 billion, a PE ratio of 32.54, a PEG ratio of 1.60 and a beta of 1.05. The business’s 50-day simple moving average is $871.93 and its two-hundred day simple moving average is $790.32.

Deckers Outdoor (NYSE:DECKGet Free Report) last issued its quarterly earnings results on Thursday, May 23rd. The textile maker reported $4.95 earnings per share for the quarter, topping the consensus estimate of $2.68 by $2.27. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The company had revenue of $959.76 million for the quarter, compared to the consensus estimate of $892.00 million. During the same quarter in the prior year, the company earned $3.46 EPS. Deckers Outdoor’s quarterly revenue was up 21.2% on a year-over-year basis. As a group, analysts predict that Deckers Outdoor will post 27.09 EPS for the current fiscal year.

Insider Activity

In related news, CEO David Powers sold 5,993 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the completion of the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at $90,640,481.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

A number of hedge funds have recently bought and sold shares of DECK. Handelsbanken Fonder AB increased its holdings in shares of Deckers Outdoor by 12.4% in the fourth quarter. Handelsbanken Fonder AB now owns 5,444 shares of the textile maker’s stock valued at $3,639,000 after purchasing an additional 600 shares during the last quarter. Intrust Bank NA raised its holdings in shares of Deckers Outdoor by 1.3% during the 4th quarter. Intrust Bank NA now owns 2,956 shares of the textile maker’s stock worth $1,976,000 after acquiring an additional 38 shares during the period. Advisor Resource Council acquired a new position in shares of Deckers Outdoor during the 4th quarter valued at about $970,000. Advisors Preferred LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $2,271,000. Finally, Marks Group Wealth Management Inc acquired a new stake in Deckers Outdoor during the fourth quarter worth about $6,185,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

About Deckers Outdoor

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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