Deckers Outdoor (NYSE:DECK) Stock Price Target Lowered at Argus

Deckers Outdoor (NYSE:DECK) had its price target decreased by Argus from $128.00 to $102.00 in a research report report published on Thursday,Benzinga reports. Argus currently has a buy rating on the textile maker’s stock.

A number of other equities analysts have also issued reports on the stock. Raymond James Financial reduced their price target on shares of Deckers Outdoor from $105.00 to $92.00 in a research report on Friday, October 23rd. Sanford C. Bernstein dropped their price objective on shares of Deckers Outdoor from $105.00 to $100.00 in a report on Friday, October 23rd. Stifel Nicolaus cut their price objective on shares of Deckers Outdoor from $133.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, October 23rd. Weiss Ratings cut shares of Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Finally, Needham & Company LLC reduced their target price on shares of Deckers Outdoor from $125.00 to $96.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Ten investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $104.57.

Deckers Outdoor Stock Performance

Shares of DECK opened at $87.68 on Thursday. The stock has a 50-day moving average of $82.33 and a two-hundred day moving average of $98.96. The stock has a market cap of $11.70 billion, a P/E ratio of 12.27, a P/E/G ratio of 1.43 and a beta of 1.10. Deckers Outdoor has a one year low of $77.20 and a one year high of $122.29.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 22nd. The textile maker reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.52. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the company earned $1.82 earnings per share. The company’s revenue was up 3.4% on a year-over-year basis. Analysts predict that Deckers Outdoor will post 7.90 EPS for the current fiscal year.

Institutional Trading of Deckers Outdoor

A number of institutional investors and hedge funds have recently modified their holdings of DECK. Maryland State Retirement & Pension System increased its stake in shares of Deckers Outdoor by 10.5% in the 3rd quarter. Maryland State Retirement & Pension System now owns 7,832 shares of the textile maker’s stock worth $612,000 after acquiring an additional 742 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Deckers Outdoor during the 3rd quarter valued at approximately $391,000. Jacobi Capital Management LLC purchased a new stake in shares of Deckers Outdoor during the 3rd quarter valued at approximately $128,000. Illinois Municipal Retirement Fund lifted its holdings in Deckers Outdoor by 16.8% in the third quarter. Illinois Municipal Retirement Fund now owns 129,328 shares of the textile maker’s stock valued at $10,106,000 after acquiring an additional 18,593 shares during the last quarter. Finally, Lido Advisors LLC lifted its holdings in Deckers Outdoor by 91.7% in the third quarter. Lido Advisors LLC now owns 7,076 shares of the textile maker’s stock valued at $553,000 after acquiring an additional 3,385 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.