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

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price target cut by analysts at Wells Fargo & Company from $215.00 to $210.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the textile maker's stock. Wells Fargo & Company's target price would suggest a potential upside of 23.84% from the company's current price.

A number of other analysts have also recently issued reports on the company. TD Cowen lifted their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Truist Financial lifted their price target on Deckers Outdoor from $230.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, January 16th. Piper Sandler set a $166.00 price objective on Deckers Outdoor in a report on Thursday, October 17th. Citigroup lifted their target price on shares of Deckers Outdoor from $178.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Finally, Guggenheim restated a "neutral" rating on shares of Deckers Outdoor in a research note on Friday. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Deckers Outdoor currently has an average rating of "Moderate Buy" and a consensus target price of $197.41.

Deckers Outdoor Stock Performance

Shares of DECK stock traded down $1.06 on Friday, reaching $169.57. 5,836,533 shares of the company's stock traded hands, compared to its average volume of 2,794,182. The company has a market capitalization of $25.76 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.07. Deckers Outdoor has a 12-month low of $131.39 and a 12-month high of $223.98. The business's 50 day moving average price is $205.90 and its two-hundred day moving average price is $137.68.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued 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 return on equity of 41.71% and a net margin of 19.14%. Research analysts predict that Deckers Outdoor will post 5.92 earnings per share for the current year.

Insider Activity

In other news, CEO Caroti Stefano sold 15,000 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total value of $2,635,950.00. Following the sale, the chief executive officer now owns 273,540 shares of the company's stock, valued at approximately $48,069,184.20. This represents a 5.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Garcia sold 18,000 shares of Deckers Outdoor 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 transaction, the insider now directly owns 63,642 shares of the company's stock, valued at $11,155,169.76. This represents a 22.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,758 shares of company stock worth $13,506,861. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its position in Deckers Outdoor by 2.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker's stock valued at $889,000 after acquiring an additional 23 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in shares of Deckers Outdoor by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker's stock valued at $489,000 after acquiring an additional 52 shares during the period. Bleakley Financial Group LLC increased its position in Deckers Outdoor by 3.9% in the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker's stock worth $293,000 after purchasing an additional 54 shares during the period. Mather Group LLC. raised its holdings in Deckers Outdoor by 2.6% during the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker's stock worth $521,000 after purchasing an additional 64 shares during the last quarter. Finally, WD Rutherford LLC raised its stake in shares of Deckers Outdoor by 4.8% during the fourth quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker's stock worth $352,000 after buying an additional 79 shares during 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.