Wells Fargo & Company Lowers Deckers Outdoor (NYSE:DECK) Price Target to $115.00

Deckers Outdoor (NYSE:DECK) had its price objective dropped by equities researchers at Wells Fargo & Company from $210.00 to $115.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 3.46% from the company’s current price.

Several other brokerages have also recently commented on DECK. Citigroup reduced their price target on Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating for the company in a research report on Monday. Piper Sandler cut their price objective on Deckers Outdoor from $210.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $246.00 price target on shares of Deckers Outdoor in a research report on Friday, January 31st. Stifel Nicolaus decreased their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. Finally, Truist Financial dropped their target price on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.55.

Deckers Outdoor Stock Up 0.3 %

Shares of DECK opened at $111.16 on Wednesday. Deckers Outdoor has a twelve month low of $93.72 and a twelve month high of $223.98. The stock has a market capitalization of $16.87 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.68 and a beta of 1.07. The company has a 50 day moving average of $116.51 and a 200-day moving average of $162.37.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates 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 earnings per share for the current fiscal year.

Insider Activity

In other Deckers Outdoor news, Director David Powers sold 25,000 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $138.84, for a total value of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Passumpsic Savings Bank lifted its position in shares of Deckers Outdoor by 477.8% during the 3rd quarter. Passumpsic Savings Bank now owns 27,296 shares of the textile maker’s stock worth $4,352,000 after buying an additional 22,572 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in shares of Deckers Outdoor by 500.0% in the third quarter. Anchor Investment Management LLC now owns 504 shares of the textile maker’s stock worth $80,000 after acquiring an additional 420 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Deckers Outdoor in the 3rd quarter valued at approximately $679,000. Tidal Investments LLC grew its holdings in shares of Deckers Outdoor by 3,540.6% during the 3rd quarter. Tidal Investments LLC now owns 151,812 shares of the textile maker’s stock valued at $24,206,000 after purchasing an additional 147,642 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Deckers Outdoor by 497.5% during the 3rd quarter. Franklin Resources Inc. now owns 390,874 shares of the textile maker’s stock worth $62,825,000 after purchasing an additional 325,451 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

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.