Deckers Outdoor (NYSE:DECK) Price Target Lowered to $129.00 at Barclays

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price objective decreased by analysts at 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 indicates a potential upside of 3.10% from the stock's current price.

A number of other research analysts also recently commented on the stock. Guggenheim reissued a "neutral" rating on shares of Deckers Outdoor in a research report on Friday, January 31st. Piper Sandler reduced their target price on shares of Deckers Outdoor from $210.00 to $100.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Telsey Advisory Group restated an "outperform" rating and issued a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Raymond James raised shares of Deckers Outdoor from an "outperform" rating to a "strong-buy" rating and cut their price objective for the company from $235.00 to $150.00 in a report on Thursday, April 10th. Finally, Stifel Nicolaus cut their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Nine 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 company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $161.89.

Deckers Outdoor Stock Performance

NYSE:DECK traded up $4.06 during trading hours on Monday, hitting $125.13. The stock had a trading volume of 1,533,296 shares, 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 has a market cap 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. The business's 50 day moving average is $114.18 and its 200-day moving average is $160.85.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that Deckers Outdoor will post 5.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the sale, the director now directly owns 10,388 shares in the company, valued at $1,396,978.24. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction dated 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 sale, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37% decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Institutional Trading of Deckers Outdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of DECK. JPMorgan Chase & Co. increased its holdings 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 worth $206,790,000 after acquiring an additional 1,170,855 shares during the period. Czech National Bank increased its holdings in Deckers Outdoor by 6.1% during the 4th quarter. Czech National Bank now owns 32,940 shares of the textile maker's stock worth $6,690,000 after acquiring an additional 1,882 shares during the period. City Center Advisors LLC bought a new stake in Deckers Outdoor during the 4th quarter worth approximately $575,000. Eagle Bay Advisors LLC grew its stake in Deckers Outdoor by 687.9% in the 4th quarter. Eagle Bay Advisors LLC now owns 520 shares of the textile maker's stock worth $106,000 after buying an additional 454 shares in the last quarter. Finally, Cadent Capital Advisors LLC grew its stake in Deckers Outdoor by 116.8% in the 4th quarter. Cadent Capital Advisors LLC now owns 6,479 shares of the textile maker's stock worth $1,316,000 after buying an additional 3,491 shares in the last quarter. Institutional investors own 97.79% of the company's stock.

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.

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