1 day Ago By ABMN Staff
Deckers Outdoor ( NYSE:DECK – Get Free Report ) had its target price decreased by stock analysts at Stifel Nicolaus from $887.00 to $147.83 in a research note issued to investors on Tuesday, Benzinga reports.
The firm presently has a “hold” rating on the textile maker’s stock. Stifel Nicolaus’ target price indicates a potential downside of 5.98% from the company’s previous close.
Several other equities research analysts have also recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating and set a $28.61 price target on shares of Deckers Outdoor in a research note on Friday, July 26th.
Robert W. Baird lifted their price target on shares of Deckers Outdoor from $29.17 to $29.
86 and gave the stock an “outperform” rating in a report on Friday, July 26th. Piper Sandler reiterated a “neutral” rating and set a $27.78 price target on shares of Deckers Outdoor in a report on Friday, August 23rd.
TD Cowen lifted their price target on shares of Deckers Outdoor from $28.86 to $29.31 and gave the stock a “buy” rating in a report on Friday, July 26th.
Finally, Evercore ISI lowered their price target on shares of Deckers Outdoor from $30.83 to $30.56 and set an “outperform” rating for the company in a report on Monday, July 15th.
Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus price target of $37.
06. View Our Latest Stock Report on Deckers Outdoor Deckers Outdoor Price Performance Deckers Outdoor ( NYSE:DECK – Get Free Report ) last posted its earnings results on Thursday, July 25th. The textile maker reported $0.
13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03.
The firm had revenue of $825.30 million for the quarter, compared to analyst estimates of $808.40 million.
Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%.
Deckers Outdoor’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.
07 EPS. On average, analysts forecast that Deckers Outdoor will post 31.6 EPS for the current fiscal year.
Insiders Place Their Bets In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction of $3,376,368.
96. Following the completion of the sale, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24.
The transaction was disclosed in a legal filing with the SEC, which is available through this link . 0.70% of the stock is owned by insiders.
Institutional Inflows and Outflows A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Deckers Outdoor by 18.
9% during the first quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock worth $2,751,448,000 after purchasing an additional 464,020 shares in the last quarter.
TD Asset Management Inc raised its holdings in Deckers Outdoor by 191.1% in the fourth quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock valued at $204,505,000 after acquiring an additional 200,850 shares in the last quarter.
Norges Bank acquired a new stake in Deckers Outdoor in the fourth quarter valued at $196,814,000. Millennium Management LLC raised its holdings in Deckers Outdoor by 231.2% in the second quarter.
Millennium Management LLC now owns 233,810 shares of the textile maker’s stock valued at $226,316,000 after acquiring an additional 163,210 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in Deckers Outdoor by 90.
4% in the fourth quarter. Epoch Investment Partners Inc. now owns 216,709 shares of the textile maker’s stock valued at $144,855,000 after acquiring an additional 102,882 shares in the last quarter.
97.79% of the stock is owned by institutional investors and hedge funds. About Deckers Outdoor ( Get Free Report ) 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name. Read More Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter .
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