Citigroup Lowers Deckers Outdoor (NYSE:DECK) Price Target to $150.00

Deckers Outdoor (NYSE:DECK) had its price objective decreased by stock analysts at Citigroup from $215.00 to $150.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the textile maker’s stock. Citigroup’s price target suggests a potential upside of 39.18% from the stock’s current price.

Several other research firms also recently issued reports on DECK. Truist Financial dropped their price objective on Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Stifel Nicolaus cut their target price on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. Raymond James upgraded Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and decreased their price target for the stock from $235.00 to $150.00 in a research note on Thursday, April 10th. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Needham & Company LLC reissued a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and an average target price of $184.27.

Deckers Outdoor Stock Down 1.3 %

Shares of DECK traded down $1.41 during mid-day trading on Monday, hitting $107.78. The company had a trading volume of 884,459 shares, compared to its average volume of 2,372,288. Deckers Outdoor has a 1-year low of $93.72 and a 1-year high of $223.98. The business’s 50-day simple moving average is $119.43 and its 200-day simple moving average is $163.80. The stock has a market cap of $16.36 billion, a PE ratio of 17.51, a P/E/G ratio of 1.68 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts expect that Deckers Outdoor will post 5.89 earnings per share for the current year.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company’s 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 completion of the sale, the director now owns 10,388 shares in the company, valued at approximately $1,396,978.24. This represents a 2.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

Hedge funds and other institutional investors have recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Deckers Outdoor by 0.8% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,106 shares of the textile maker’s stock worth $1,913,000 after acquiring an additional 140 shares during the period. Smith Group Asset Management LLC acquired a new stake in shares of Deckers Outdoor during the first quarter worth approximately $371,000. WT Asset Management Ltd purchased a new position in Deckers Outdoor during the first quarter valued at approximately $15,631,000. Vontobel Holding Ltd. increased its stake in Deckers Outdoor by 29.9% in the 1st quarter. Vontobel Holding Ltd. now owns 18,493 shares of the textile maker’s stock valued at $2,068,000 after buying an additional 4,253 shares during the period. Finally, Amalgamated Bank lifted its position in Deckers Outdoor by 2.5% in the 1st quarter. Amalgamated Bank now owns 32,107 shares of the textile maker’s stock worth $3,590,000 after buying an additional 772 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.