Wells Fargo & Company Cuts Deckers Outdoor (NYSE:DECK) Price Target to $165.00

Deckers Outdoor (NYSE:DECK) had its price objective trimmed by Wells Fargo & Company from $1,000.00 to $165.00 in a report issued on Monday morning, Benzinga reports. The firm currently has an equal weight rating on the textile maker’s stock.

DECK has been the subject of several other research reports. Piper Sandler restated a neutral rating and set a $27.78 price target on shares of Deckers Outdoor in a report on Friday, August 23rd. BTIG Research raised their target price on shares of Deckers Outdoor from $31.11 to $33.33 and gave the company a buy rating in a report on Tuesday, June 25th. Truist Financial boosted their price target on shares of Deckers Outdoor from $33.33 to $34.03 and gave the stock a buy rating in a research report on Friday, July 26th. UBS Group increased their price objective on shares of Deckers Outdoor from $35.14 to $37.50 and gave the company a buy rating in a research report on Friday, July 26th. Finally, StockNews.com upgraded shares of Deckers Outdoor from a hold rating to a strong-buy rating in a report on Tuesday, September 17th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $54.99.

Deckers Outdoor Stock Up 0.1 %

DECK stock opened at $154.50 on Monday. The business’s 50-day moving average price is $45.94 and its 200-day moving average price is $32.78. The stock has a market cap of $23.56 billion, a P/E ratio of 5.27, a PEG ratio of 2.74 and a beta of 1.05. Deckers Outdoor has a twelve month low of $80.67 and a twelve month high of $184.48.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The firm had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. During the same period last year, the firm earned $0.07 EPS. The company’s revenue was up 22.1% on a year-over-year basis. On average, equities research analysts expect that Deckers Outdoor will post 5.2 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the completion of the sale, the director now owns 2,450,808 shares in the company, valued at $58,756,760.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Large investors have recently added to or reduced their stakes in the company. ClariVest Asset Management LLC boosted its position in shares of Deckers Outdoor by 0.4% in the 2nd quarter. ClariVest Asset Management LLC now owns 3,474 shares of the textile maker’s stock worth $3,363,000 after purchasing an additional 14 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Deckers Outdoor by 1.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker’s stock worth $632,000 after acquiring an additional 15 shares during the last quarter. U S Global Investors Inc. increased its holdings in shares of Deckers Outdoor by 1.5% during the second quarter. U S Global Investors Inc. now owns 995 shares of the textile maker’s stock valued at $963,000 after acquiring an additional 15 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of Deckers Outdoor by 1.4% in the 2nd quarter. Arkadios Wealth Advisors now owns 1,341 shares of the textile maker’s stock valued at $1,298,000 after purchasing an additional 19 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Deckers Outdoor by 7.5% in 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. 97.79% of the stock is currently owned by institutional investors.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.