Deckers Outdoor (NYSE:DECK) Stock Price Target Cut by Argus

Deckers Outdoor (NYSE:DECK) had its price target cut by investment analysts at Argus from $128.00 to $102.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Argus‘s price objective points to a potential upside of 14.85% from the company’s current price.

Other analysts have also issued reports about the stock. Wolfe Research assumed coverage on shares of Deckers Outdoor in a research report on Wednesday, October 21st. They set a “peer perform” rating for the company. Weiss Ratings cut shares of Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd. Truist Financial set a $95.00 price target on shares of Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, October 23rd. Evercore cut their price objective on shares of Deckers Outdoor from $108.00 to $90.00 in a research report on Friday, October 23rd. Finally, UBS Group set a $137.00 price objective on Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, October 23rd. Ten analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of “Hold” and a consensus price target of $104.57.

Deckers Outdoor Stock Down 0.3%

NYSE:DECK traded down $0.30 on Thursday, hitting $88.81. The stock had a trading volume of 384,530 shares, compared to its average volume of 2,575,281. The business’s 50-day simple moving average is $82.37 and its two-hundred day simple moving average is $99.03. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 1.35 and a beta of 1.10. Deckers Outdoor has a 52-week low of $77.20 and a 52-week high of $122.29.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 22nd. The textile maker reported $2.31 EPS for the quarter, beating the consensus estimate of $1.79 by $0.52. Deckers Outdoor had a net margin of 19.18% and a return on equity of 42.42%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Deckers Outdoor will post 7.90 EPS for the current year.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds have recently modified their holdings of DECK. Orion Capital Management LLC purchased a new position in shares of Deckers Outdoor during the 2nd quarter valued at $30,000. Continuum Advisory LLC bought a new position in Deckers Outdoor in the 2nd quarter worth $38,000. Pension & Wealth Management Advisors Inc. purchased a new stake in Deckers Outdoor in the 3rd quarter worth $31,000. Gen Wealth Partners Inc purchased a new stake in Deckers Outdoor in the 3rd quarter worth $31,000. Finally, Heritage Family Offices LLP bought a new stake in Deckers Outdoor during the third quarter valued at about $38,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.