Jefferies Financial Group Has Lowered Expectations for Deckers Outdoor (NYSE:DECK) Stock Price

Key Points

• Jefferies Financial Group has lowered its price target for Deckers Outdoor (NYSE:DECK) from $114.00 to $107.00, maintaining a "hold" rating, which suggests a potential upside of 3.59% from the stock's previous close.
• For the current year, analysts expect Deckers Outdoor to post an EPS of 5.89, following a reported $0.93 EPS for the last quarter, significantly beating expectations.
• The stock's consensus rating is a "Moderate Buy" with a price target averaging $131.11, reflecting varied investment perspectives among analysts, including three "Strong Buy" and two "Sell" ratings.

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price target decreased by equities researchers at Jefferies Financial Group from $114.00 to $107.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "hold" rating on the textile maker's stock. Jefferies Financial Group's target price points to a potential upside of 3.59% from the company's previous close.

A number of other equities analysts also recently commented on DECK. The Goldman Sachs Group cut their target price on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a research note on Tuesday, July 22nd. Sanford C. Bernstein initiated coverage on Deckers Outdoor in a research report on Thursday, September 18th. They set an "underperform" rating and a $100.00 price target on the stock. Truist Financial boosted their price objective on shares of Deckers Outdoor from $130.00 to $145.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Stifel Nicolaus set a $127.00 price objective on shares of Deckers Outdoor in a research report on Tuesday. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $120.00 price objective on shares of Deckers Outdoor in a research report on Friday, October 17th. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.11.

Deckers Outdoor Stock Performance

Shares of DECK traded up $2.40 during mid-day trading on Thursday, hitting $103.29. 2,147,066 shares of the company's stock were exchanged, compared to its average volume of 3,272,300. Deckers Outdoor has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 3.93 and a beta of 1.05. The stock's 50-day moving average is $108.98 and its 200-day moving average is $108.67.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The firm had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. During the same period last year, the firm posted $4.52 EPS. Deckers Outdoor's quarterly revenue was up 16.9% on a year-over-year basis. As a group, equities research analysts anticipate that Deckers Outdoor will post 5.89 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director owned 10,979 shares of the company's stock, valued at $1,295,741.58. The trade was a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.40% of the company's stock.

Hedge Funds Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. American National Bank & Trust boosted its position in Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker's stock valued at $25,000 after buying an additional 106 shares in the last quarter. True Wealth Design LLC boosted its position in Deckers Outdoor by 2,440.0% in the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker's stock valued at $26,000 after buying an additional 244 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock valued at $29,000 after buying an additional 215 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in Deckers Outdoor in the first quarter valued at about $34,000. Finally, CVA Family Office LLC boosted its position in Deckers Outdoor by 137.4% in the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker's stock valued at $32,000 after buying an additional 180 shares in the last quarter. 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.

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