Deckers Outdoor (NYSE:DECK) Price Target Cut to $165.00 by Analysts at Wells Fargo & Company

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

DECK has been the subject of a number of other reports. TD Cowen increased their target price on shares of Deckers Outdoor from $28.86 to $29.31 and gave the company a buy rating in a research report on Friday, July 26th. Truist Financial increased their price objective on shares of Deckers Outdoor from $33.33 to $34.03 and gave the company a buy rating in a report on Friday, July 26th. Piper Sandler reissued a neutral rating and issued a $27.78 target price on shares of Deckers Outdoor in a research note on Friday, August 23rd. Evercore ISI dropped their price target on Deckers Outdoor from $30.83 to $30.56 and set an outperform rating for the company in a research report on Monday, July 15th. Finally, StockNews.com upgraded Deckers Outdoor from a hold rating to a strong-buy rating in a research report on Tuesday, September 17th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $54.99.

Deckers Outdoor Trading Up 0.1 %

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

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm had revenue of $825.30 million for the quarter, compared to analyst estimates of $808.40 million. During the same period in the previous year, the company posted $0.07 earnings per share. The business’s revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts predict that Deckers Outdoor will post 5.2 EPS for the current fiscal year.

Insider Activity

In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the completion of the transaction, the director now owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DECK. D.A. Davidson & CO. lifted its position in shares of Deckers Outdoor by 27.5% during the fourth quarter. D.A. Davidson & CO. now owns 2,155 shares of the textile maker’s stock worth $1,440,000 after purchasing an additional 465 shares in the last quarter. Assetmark Inc. grew its stake in shares of Deckers Outdoor by 28.4% in the fourth quarter. Assetmark Inc. now owns 1,406 shares of the textile maker’s stock worth $940,000 after acquiring an additional 311 shares in the last quarter. Commerce Bank increased its position in shares of Deckers Outdoor by 49.2% during the fourth quarter. Commerce Bank now owns 852 shares of the textile maker’s stock worth $570,000 after acquiring an additional 281 shares during the period. SageView Advisory Group LLC acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at $261,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in Deckers Outdoor by 2.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 5,144 shares of the textile maker’s stock valued at $3,522,000 after purchasing an additional 107 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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.