Stifel Nicolaus Cuts Deckers Outdoor (NYSE:DECK) Price Target to $127.00

Deckers Outdoor (NYSE:DECK) had its target price reduced by equities research analysts at Stifel Nicolaus from $185.00 to $127.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the textile maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 16.58% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Guggenheim reiterated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Wells Fargo & Company lowered their price target on Deckers Outdoor from $215.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. Truist Financial reduced 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. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 target price on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Citigroup raised Deckers Outdoor from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research report on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and an average target price of $187.89.

Deckers Outdoor Stock Performance

DECK opened at $108.94 on Thursday. Deckers Outdoor has a one year low of $93.72 and a one year high of $223.98. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.68 and a beta of 1.07. The stock’s 50 day moving average price is $130.39 and its 200-day moving average price is $167.45.

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 the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. As a group, analysts predict that Deckers Outdoor will post 5.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 241,777 shares in the company, valued at $33,568,318.68. This represents a 9.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 transaction of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. The trade was a 2.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

Several hedge funds have recently made changes to their positions in the company. Mpwm Advisory Solutions LLC purchased a new position in Deckers Outdoor during the 4th quarter worth approximately $26,000. Headlands Technologies LLC purchased a new stake in shares of Deckers Outdoor in the 4th quarter valued at $29,000. Vega Investment Solutions acquired a new stake in shares of Deckers Outdoor in the fourth quarter worth $29,000. Global Trust Asset Management LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter worth $31,000. Finally, Whittier Trust Co. of Nevada Inc. lifted 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 valued at $34,000 after purchasing an additional 120 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

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.