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

Deckers Outdoor (NYSE:DECK) had its price objective reduced by Wells Fargo & Company from $215.00 to $210.00 in a research report report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the textile maker’s stock.

Several other research analysts also recently weighed in on DECK. Robert W. Baird upped their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. TD Cowen upped their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BTIG Research lowered Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Citigroup increased 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. Finally, Piper Sandler set a $166.00 price objective on Deckers Outdoor in a report on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Trading Down 20.3 %

Shares of NYSE DECK opened at $177.85 on Friday. The stock has a fifty day moving average price of $205.90 and a 200 day moving average price of $136.11. The company has a market cap of $27.02 billion, a P/E ratio of 31.27, a P/E/G ratio of 2.41 and a beta of 1.08. Deckers Outdoor has a 12-month low of $125.15 and a 12-month 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%. On average, sell-side analysts forecast that Deckers Outdoor will post 5.62 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the sale, the director now directly owns 10,222 shares in the company, valued at approximately $2,052,577.60. This trade represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas Garcia sold 18,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total transaction of $3,155,040.00. Following the transaction, the insider now owns 63,642 shares of the company’s stock, valued at $11,155,169.76. This represents a 22.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,758 shares of company stock valued at $13,506,861 in the last quarter. Insiders own 0.40% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds have recently made changes to their positions in the business. Solstein Capital LLC grew its holdings in Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock worth $26,000 after buying an additional 135 shares in the last quarter. Bell Investment Advisors Inc boosted its position in Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after acquiring an additional 146 shares during the period. Global Trust Asset Management LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Deckers Outdoor by 2,000.0% during the third 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. raised its stake in shares of Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 175 shares in 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.