Wells Fargo & Company Increases Deckers Outdoor (NYSE:DECK) Price Target to $120.00

Deckers Outdoor (NYSE:DECK) had its price objective lifted by analysts at Wells Fargo & Company from $115.00 to $120.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 5.44% from the stock’s current price.

A number of other equities research analysts also recently weighed in on DECK. Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 price target on shares of Deckers Outdoor in a research note on Friday, January 31st. Citigroup cut their price target on Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 28th. Raymond James raised Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and cut their price target for the stock from $235.00 to $150.00 in a research note on Thursday, April 10th. Piper Sandler cut their price target on Deckers Outdoor from $210.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, Barclays cut their price objective on Deckers Outdoor from $231.00 to $129.00 and set an “overweight” rating on the stock in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.16.

Deckers Outdoor Price Performance

DECK opened at $126.91 on Wednesday. Deckers Outdoor has a fifty-two week low of $93.72 and a fifty-two week high of $223.98. The business has a 50-day moving average of $114.05 and a 200-day moving average of $159.82. The company has a market capitalization of $19.26 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11.

Insider Buying and Selling at Deckers Outdoor

In related news, Director David Powers sold 25,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the transaction, the director now owns 10,388 shares of the company’s stock, valued at $1,396,978.24. The trade was a 2.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DECK. Mpwm Advisory Solutions LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at $29,000. Vega Investment Solutions acquired a new stake in Deckers Outdoor in the 4th quarter valued at $29,000. Global Trust Asset Management LLC acquired a new stake in Deckers Outdoor in the 4th quarter valued at $31,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Deckers Outdoor by 250.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock valued at $34,000 after buying an additional 120 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Company Profile

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.