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

Deckers Outdoor (NYSE:DECK) had its target price lowered by equities researchers at Wells Fargo & Company from $215.00 to $210.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 11.66% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. KeyCorp increased their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial raised their price target on shares of Deckers Outdoor from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. 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 note on Friday, October 25th. 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, Barclays increased their price objective on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.70.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock traded down $35.03 on Friday, hitting $188.08. The company had a trading volume of 4,112,632 shares, compared to its average volume of 1,884,233. Deckers Outdoor has a 52 week low of $125.15 and a 52 week high of $223.98. The company has a market cap of $28.57 billion, a PE ratio of 33.19, a PEG ratio of 2.41 and a beta of 1.08. The business has a 50-day simple moving average of $206.19 and a 200-day simple moving average of $135.05.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts predict that Deckers Outdoor will post 5.62 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other news, insider Anne Spangenberg sold 3,882 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $186.43, for a total value of $723,721.26. Following the completion of the transaction, the insider now owns 67,434 shares in the company, valued at $12,571,720.62. This represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Caroti Stefano sold 14,274 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the sale, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 73,758 shares of company stock worth $13,506,861 in the last three months. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Solstein Capital LLC lifted its stake in Deckers Outdoor by 500.0% in the 3rd quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 135 shares in the last quarter. Bell Investment Advisors Inc lifted its position in shares of Deckers Outdoor by 521.4% in the third quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock worth $28,000 after purchasing an additional 146 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in Deckers Outdoor during the fourth quarter worth $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Deckers Outdoor by 2,000.0% in 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 in the last quarter. Finally, Rakuten Securities Inc. increased its stake in Deckers Outdoor by 397.7% in the 3rd quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after buying an additional 175 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

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.