Deckers Outdoor (NYSE:DECK) Price Target Lowered to $150.00 at KeyCorp

Deckers Outdoor (NYSE:DECK) had its target price reduced by research analysts at KeyCorp from $230.00 to $150.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the textile maker’s stock. KeyCorp’s price objective suggests a potential upside of 37.38% from the stock’s previous close.

DECK has been the topic of a number of other research reports. Bank of America increased their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Raymond James upgraded shares of Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and lowered their target price for the company from $235.00 to $150.00 in a report on Thursday, April 10th. Jefferies Financial Group boosted their price target on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Finally, Barclays raised 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. 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. According to MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus target price of $179.83.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $109.19 on Tuesday. Deckers Outdoor has a twelve month low of $93.72 and a twelve month high of $223.98. The firm has a market capitalization of $16.57 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.68 and a beta of 1.07. The stock’s fifty day simple moving average is $118.56 and its 200-day simple moving average is $163.43.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Sell-side analysts predict that Deckers Outdoor will post 5.89 earnings per share for the current year.

Insider Buying and Selling

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 stock was 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. This represents a 2.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Powers sold 25,000 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Deckers Outdoor in the fourth quarter worth approximately $392,583,000. JPMorgan Chase & Co. lifted its holdings in Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock worth $206,790,000 after buying an additional 1,170,855 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Deckers Outdoor in the fourth quarter worth about $185,451,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of Deckers Outdoor by 204.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker’s stock valued at $180,674,000 after buying an additional 597,743 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in Deckers Outdoor by 101.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,003,743 shares of the textile maker’s stock worth $203,850,000 after acquiring an additional 505,139 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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.