Deckers Outdoor (NYSE:DECK) Price Target Cut to $100.00 by Analysts at Piper Sandler

Deckers Outdoor (NYSE:DECK) had its target price cut by Piper Sandler from $210.00 to $100.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a neutral rating on the textile maker’s stock.

Other analysts have also issued reports about the company. Stifel Nicolaus decreased their price target on Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating on the stock in a research note on Thursday. Evercore ISI lifted their price target on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, January 9th. Barclays upped their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Truist Financial reduced their target price on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Finally, Jefferies Financial Group lifted their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Nine equities research 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.89.

Deckers Outdoor Price Performance

Deckers Outdoor stock opened at $108.94 on Friday. The firm’s 50-day moving average is $130.39 and its two-hundred day moving average is $167.52. The stock has a market capitalization of $16.53 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor has a 12-month low of $93.72 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. As a group, analysts forecast that Deckers Outdoor will post 5.89 EPS for the current year.

Insiders Place Their Bets

In related news, Director David Powers sold 25,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the completion of the sale, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. This represents a 9.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the sale, the director now owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Institutional Trading of Deckers Outdoor

Several institutional investors have recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth approximately $29,000. Vega Investment Solutions bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Deckers Outdoor by 250.0% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock worth $34,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.