Wells Fargo & Company Raises Deckers Outdoor (NYSE:DECK) Price Target to $215.00

Deckers Outdoor (NYSE:DECK) had its price objective upped by equities researchers at Wells Fargo & Company from $170.00 to $215.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 3.56% from the stock’s current price.

DECK has been the subject of a number of other reports. KeyCorp upped their price target on shares of Deckers Outdoor from $190.00 to $213.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. StockNews.com cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Barclays upped their price target on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Truist Financial upped their price target on shares of Deckers Outdoor from $205.00 to $230.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, Guggenheim initiated coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating for the company. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.76.

Deckers Outdoor Stock Up 0.0 %

Shares of NYSE DECK opened at $207.60 on Friday. Deckers Outdoor has a 52-week low of $115.64 and a 52-week high of $214.70. The firm has a fifty day moving average of $195.30 and a 200-day moving average of $117.54. The stock has a market capitalization of $31.54 billion, a PE ratio of 36.51, a P/E/G ratio of 2.87 and a beta of 1.08.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.35. Deckers Outdoor had a net margin of 18.95% and a return on equity of 41.48%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the company earned $1.14 EPS. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. Equities research analysts expect that Deckers Outdoor will post 5.49 EPS for the current fiscal year.

Insider Activity

In related news, insider Thomas Garcia sold 18,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the sale, the insider now owns 63,642 shares in the company, valued at $11,155,169.76. This represents a 22.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela Ogbechie sold 1,278 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $163.24, for a total transaction of $208,620.72. Following the sale, the insider now owns 29,628 shares in the company, valued at approximately $4,836,474.72. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,036 shares of company stock worth $13,715,482. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently bought and sold shares of the business. Solstein Capital LLC raised its stake in Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after acquiring an additional 135 shares during the period. Bell Investment Advisors Inc grew its position in Deckers Outdoor by 521.4% in the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Deckers Outdoor by 2,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after purchasing an additional 200 shares during the last quarter. Rakuten Securities Inc. grew its position in Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after purchasing an additional 175 shares during the last quarter. Finally, GHP Investment Advisors Inc. bought a new position in Deckers Outdoor in the 3rd quarter worth about $36,000. Institutional investors and hedge funds 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.