Barclays Has Lowered Expectations for Deckers Outdoor (NYSE:DECK) Stock Price

Deckers Outdoor (NYSE:DECK) had its price target reduced by Barclays from $231.00 to $129.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the textile maker’s stock. Barclays‘s price objective would indicate a potential upside of 3.10% from the stock’s current price.

A number of other equities analysts also recently weighed in on the stock. Raymond James raised shares of Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and decreased their target price for the company from $235.00 to $150.00 in a research note on Thursday, April 10th. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. UBS Group lifted their target price on shares of Deckers Outdoor from $150.00 to $158.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Stifel Nicolaus reduced their price target on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. Finally, Truist Financial reduced their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating for the company in a research note 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $161.89.

Deckers Outdoor Stock Performance

Shares of DECK stock traded up $4.06 on Monday, hitting $125.13. 1,533,296 shares of the company’s stock traded hands, compared to its average volume of 2,409,865. Deckers Outdoor has a one year low of $93.72 and a one year high of $223.98. The company’s fifty day simple moving average is $114.18 and its 200 day simple moving average is $160.85. The stock has a market capitalization of $18.99 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 1.68 and a beta of 1.11.

Deckers Outdoor (NYSE:DECK) last released its earnings results 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 net margin of 19.14% and a return on equity of 41.71%. As a group, sell-side analysts anticipate that Deckers Outdoor will post 5.89 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated 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 directly owns 10,388 shares in the company, valued at approximately $1,396,978.24. This trade represents a 2.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Powers sold 25,000 shares of the firm’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 completion of the sale, 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 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 have recently modified their holdings of the stock. Resonant Capital Advisors LLC increased its holdings in shares of Deckers Outdoor by 2.2% during the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after purchasing an additional 52 shares in the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Deckers Outdoor by 3.9% during the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock valued at $293,000 after purchasing an additional 54 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Deckers Outdoor by 2.6% during the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock valued at $521,000 after purchasing an additional 64 shares in the last quarter. Prosperity Wealth Management Inc. increased its holdings in shares of Deckers Outdoor by 2.8% during the 4th quarter. Prosperity Wealth Management Inc. now owns 2,777 shares of the textile maker’s stock valued at $564,000 after purchasing an additional 75 shares in the last quarter. Finally, WD Rutherford LLC increased its holdings in shares of Deckers Outdoor by 4.8% during the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock valued at $352,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors 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.