Will Today’s Stifel Nicolaus Downgrade Ultimately Hurt The Stock Price of Deckers Outdoor (NYSE:DECK)?

July 27, 2018 - By Mark Babin

Deckers Outdoor Corporation (NYSE:DECK) Logo

Investors sentiment increased to 1.24 in Q1 2018. Its up 0.04, from 1.2 in 2017Q4. It is positive, as 20 investors sold Deckers Outdoor Corporation shares while 87 reduced holdings. 56 funds opened positions while 77 raised stakes. 32.56 million shares or 2.98% less from 33.56 million shares in 2017Q4 were reported.

Liberty Mutual Asset Management Inc stated it has 6,295 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt, a Pennsylvania-based fund reported 8,564 shares. X Ltd Liability has invested 0.01% of its portfolio in Deckers Outdoor Corporation (NYSE:DECK). Stone Ridge Asset Mngmt Lc invested in 0.07% or 14,267 shares. Engineers Gate Manager Ltd Partnership holds 37,294 shares or 0.22% of its portfolio. The Massachusetts-based Wellington Gp Incorporated Llp has invested 0.03% in Deckers Outdoor Corporation (NYSE:DECK). Jennison Associates Limited Liability Corp stated it has 0% in Deckers Outdoor Corporation (NYSE:DECK). Northern Tru holds 0.02% of its portfolio in Deckers Outdoor Corporation (NYSE:DECK) for 735,105 shares. Los Angeles Cap And Equity Research has invested 0.01% in Deckers Outdoor Corporation (NYSE:DECK). Moreover, Smithfield Tru has 0% invested in Deckers Outdoor Corporation (NYSE:DECK). Assetmark accumulated 90 shares. Numerixs Inv owns 5,500 shares or 0.12% of their US portfolio. Glenmede Tru Na holds 0% or 198 shares. Amalgamated Savings Bank holds 0.01% or 4,505 shares. Laurion Cap Mgmt Limited Partnership holds 0.01% in Deckers Outdoor Corporation (NYSE:DECK) or 14,600 shares.

Since February 2, 2018, it had 0 buys, and 10 sales for $5.04 million activity. Lafitte David E. had sold 600 shares worth $55,756 on Monday, April 9. 24,812 Deckers Outdoor Corporation (NYSE:DECK) shares with value of $2.32 million were sold by PERENCHIO JOHN G. 11,000 shares were sold by GEORGE THOMAS, worth $1.19M on Wednesday, May 30. 2,500 shares valued at $238,778 were sold by Powers David on Wednesday, February 7. Barsa Karyn Odette sold 1,085 shares worth $101,448.

Deckers Outdoor (NYSE:DECK) Receives a Downgrade

Deckers Outdoor (NYSE:DECK) was just downgraded by equity research analysts at Stifel Nicolaus from a Buy to a Hold in analysts report revealed to clients on 27 July. The firm currently has a $123 TP on shares. Stifel Nicolaus’s TP would suggest a possible upside of 3.16 % for the stock.

Deckers Outdoor Corporation (NYSE:DECK) Ratings Coverage

Among 9 analysts covering Deckers Outdoor (NYSE:DECK), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Deckers Outdoor has $122 highest and $89 lowest target. $104.71’s average target is -12.18% below currents $119.23 stock price. Deckers Outdoor had 15 analyst reports since January 29, 2018 according to SRatingsIntel. Buckingham Research reinitiated the stock with “Neutral” rating in Wednesday, April 18 report. The rating was maintained by Robert W. Baird on Friday, February 2 with “Hold”. Stifel Nicolaus maintained Deckers Outdoor Corporation (NYSE:DECK) rating on Friday, May 25. Stifel Nicolaus has “Buy” rating and $120 target. The firm earned “Buy” rating on Friday, February 2 by Canaccord Genuity. Canaccord Genuity maintained the stock with “Buy” rating in Monday, January 29 report. The company was maintained on Friday, May 25 by Buckingham Research. The stock has “Hold” rating by Pivotal Research on Monday, March 12. Jefferies maintained Deckers Outdoor Corporation (NYSE:DECK) on Friday, February 2 with “Hold” rating. Buckingham Research maintained the shares of DECK in report on Friday, February 2 with “Neutral” rating. The firm earned “Buy” rating on Friday, February 2 by Stifel Nicolaus.

The stock increased 0.53% or $0.63 during the last trading session, reaching $119.23. About 896,397 shares traded or 38.61% up from the average. Deckers Outdoor Corporation (NYSE:DECK) has risen 89.75% since July 27, 2017 and is uptrending. It has outperformed by 77.18% the S&P500.

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. The company has market cap of $3.63 billion. It offers premium footwear under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and sidewalk surfers shoe, and yoga mat and beer cozy sandal collections under the Sanuk brand name. It has a 33.3 P/E ratio. The firm also provides running footwear under the Hoka brand name; and fashion casual footwear using sheepskin and other plush materials under the Koolaburra brand.

More news for Deckers Outdoor Corporation (NYSE:DECK) were recently published by: Streetinsider.com, which released: “Deckers Outdoor (DECK) PT Raised to $89 at Susquehanna” on July 27, 2018. Globenewswire.com‘s article titled: “Report: Exploring Fundamental Drivers Behind Health Insurance Innovations, M/I Homes, Deckers Outdoor, Evertec …” and published on June 28, 2018 is yet another important article.

Deckers Outdoor Corporation (NYSE:DECK) Institutional Positions Chart

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