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

Deckers Outdoor (NYSE:DECK - Get Free Report) had its target price lifted by analysts at Wells Fargo & Company from $170.00 to $215.00 in a research report issued on Friday,Benzinga reports. The firm 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 company's current price.

A number of other analysts also recently issued reports on the company. Barclays lifted their price target on Deckers Outdoor from $180.00 to $190.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. BTIG Research cut Deckers Outdoor from a "buy" rating to a "neutral" rating in a research note on Tuesday, October 22nd. Seaport Res Ptn lowered shares of Deckers Outdoor from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 7th. KeyCorp boosted their price objective 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. Finally, Needham & Company LLC upped their target price on shares of Deckers Outdoor from $226.00 to $246.00 and gave the company a "buy" rating in a report on Monday. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $164.76.

Deckers Outdoor Stock Up 0.0 %

NYSE DECK traded up $0.08 during trading hours on Friday, hitting $207.60. 1,526,074 shares of the company were exchanged, compared to its average volume of 1,810,944. The company has a 50 day moving average of $194.31 and a two-hundred day moving average of $115.66. The firm has a market cap of $31.54 billion, a price-to-earnings ratio of 36.51, a PEG ratio of 2.87 and a beta of 1.08. Deckers Outdoor has a 52-week low of $115.64 and a 52-week high of $214.70.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.20 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The firm's quarterly revenue was up 20.1% on a year-over-year basis. On average, equities research analysts predict that Deckers Outdoor will post 5.49 EPS for the current year.

Insiders Place Their Bets

In other news, 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 value of $3,155,040.00. Following the sale, the insider now owns 63,642 shares of the company's stock, valued at $11,155,169.76. The trade was a 22.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 transaction, the insider now directly owns 29,628 shares of the company's stock, valued at $4,836,474.72. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,036 shares of company stock valued at $13,715,482. 0.40% of the stock is owned by company insiders.

Institutional Trading of Deckers Outdoor

A number of institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. boosted its position in shares of Deckers Outdoor by 7.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 273 shares of the textile maker's stock worth $264,000 after purchasing an additional 19 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in Deckers Outdoor by 5.2% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 406 shares of the textile maker's stock valued at $393,000 after buying an additional 20 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Deckers Outdoor by 2.6% during 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 during the period. Evergreen Capital Management LLC boosted its stake in shares of Deckers Outdoor by 5.7% during the 2nd quarter. Evergreen Capital Management LLC now owns 497 shares of the textile maker's stock worth $481,000 after acquiring an additional 27 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in Deckers Outdoor by 2.1% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,663 shares of the textile maker's stock valued at $1,609,000 after purchasing an additional 34 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other 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.