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

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price target lowered by stock analysts at Citigroup from $215.00 to $150.00 in a research note issued on Monday, MarketBeat.com reports. The firm presently has a "buy" rating on the textile maker's stock. Citigroup's price target points to a potential upside of 34.95% from the stock's current price.

Several other analysts have also issued reports on DECK. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $240.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. UBS Group boosted their price target on shares of Deckers Outdoor from $267.00 to $284.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Guggenheim reaffirmed a "neutral" rating on shares of Deckers Outdoor in a research note on Friday, January 31st. Bank of America increased their target price on Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company lowered their price objective on Deckers Outdoor from $215.00 to $210.00 and set an "equal weight" rating for the company in a research 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 issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $174.55.

Deckers Outdoor Trading Up 0.3 %

Shares of NYSE:DECK traded up $0.33 during trading on Monday, reaching $111.16. The company had a trading volume of 1,705,294 shares, compared to its average volume of 2,383,551. The company has a fifty day moving average of $116.51 and a two-hundred day moving average of $162.37. The stock has a market capitalization of $16.87 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07. Deckers Outdoor has a 12 month low of $93.72 and a 12 month high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its earnings results 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 return on equity of 41.71% and a net margin of 19.14%. As a group, equities research analysts predict that Deckers Outdoor will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other news, 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 sale, the director now owns 10,388 shares in the company, valued at $1,396,978.24. This represents a 2.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Powers sold 25,000 shares of the business's 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 completion of the transaction, the director now owns 241,777 shares of the company's stock, 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. Corporate insiders own 0.40% of the company's stock.

Institutional Investors Weigh In On Deckers Outdoor

Large investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Deckers Outdoor in the fourth quarter worth approximately $392,583,000. JPMorgan Chase & Co. raised its stake in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker's stock valued at $206,790,000 after buying an additional 1,170,855 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Deckers Outdoor during the 4th quarter valued at $185,451,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of Deckers Outdoor by 204.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 889,624 shares of the textile maker's stock worth $180,674,000 after buying an additional 597,743 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Deckers Outdoor by 101.3% in the fourth 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 during the period. 97.79% of the stock is currently owned by 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.