Deckers Outdoor (NYSE:DECK) Price Target Cut to $210.00 by Analysts at Wells Fargo & Company

Deckers Outdoor (NYSE:DECK) had its price objective lowered by research analysts at Wells Fargo & Company from $215.00 to $210.00 in a research 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 objective points to a potential upside of 11.66% from the stock’s previous close.

Several other brokerages also recently weighed in on DECK. Needham & Company LLC reissued a “buy” rating and issued a $246.00 target price on shares of Deckers Outdoor in a research note on Friday. Telsey Advisory Group restated an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a research report on Friday. Citigroup boosted their price target on Deckers Outdoor from $178.00 to $215.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Guggenheim reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research report on Friday. Finally, Evercore ISI upped their price objective on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Ten analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $194.70.

Deckers Outdoor Price Performance

DECK traded down $35.03 during midday trading on Friday, reaching $188.08. 4,112,632 shares of the company’s stock were exchanged, compared to its average volume of 1,884,233. The business’s 50-day moving average price is $206.19 and its 200 day moving average price is $135.05. The stock has a market capitalization of $28.57 billion, a PE ratio of 33.19, a P/E/G ratio of 2.41 and a beta of 1.08. Deckers Outdoor has a 1-year low of $125.15 and a 1-year high of $223.98.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. As a group, analysts expect that Deckers Outdoor will post 5.62 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Bonita C. Stewart sold 9,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.42, for a total transaction of $1,578,780.00. Following the transaction, the director now directly owns 44,988 shares in the company, valued at $7,891,794.96. This represents a 16.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas Garcia sold 18,000 shares of the company’s 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 completion of the sale, the insider now owns 63,642 shares in the company, valued at approximately $11,155,169.76. This trade represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 73,758 shares of company stock valued at $13,506,861. 0.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors have recently modified their holdings of the business. Solstein Capital LLC boosted its stake in Deckers Outdoor by 500.0% in the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares during the period. Bell Investment Advisors Inc lifted its holdings in shares of 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. Global Trust Asset Management LLC bought a new stake in shares of Deckers Outdoor in the 4th quarter worth approximately $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Deckers Outdoor by 2,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 200 shares during the period. Finally, Rakuten Securities Inc. grew its stake in Deckers Outdoor by 397.7% during the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock worth $35,000 after buying an additional 175 shares during the last quarter. Institutional investors 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.