Wells Fargo & Company Boosts Deckers Outdoor (NYSE:DECK) Price Target to $170.00

Deckers Outdoor (NYSE:DECK) had its price objective upped by Wells Fargo & Company from $165.00 to $170.00 in a research report report published on Friday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the textile maker’s stock.

Several other equities research analysts also recently issued reports on DECK. Truist Financial raised their price target on Deckers Outdoor from $204.17 to $205.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Telsey Advisory Group lifted their target price on shares of Deckers Outdoor from $183.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday. BTIG Research cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Evercore ISI upped their target price on Deckers Outdoor from $183.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Bank of America lifted their price target on Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a report on Friday. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.50.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $168.11 on Friday. The company has a fifty day moving average price of $105.11 and a two-hundred day moving average price of $53.60. Deckers Outdoor has a one year low of $80.67 and a one year high of $184.48. The stock has a market cap of $4.28 billion, a P/E ratio of 5.74, a P/E/G ratio of 2.85 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.35. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. Deckers Outdoor’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted $1.14 earnings per share. As a group, equities research analysts anticipate that Deckers Outdoor will post 5.22 EPS for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the sale, the chief financial officer now owns 161,838 shares in the company, valued at $26,973,539.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the transaction, the chief financial officer now owns 161,838 shares of the company’s stock, valued at $26,973,539.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David Powers sold 140,832 shares of the firm’s stock in a transaction that occurred on 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 approximately $58,756,760.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Financial Advocates Investment Management increased its stake in shares of Deckers Outdoor by 536.0% in the third quarter. Financial Advocates Investment Management now owns 2,684 shares of the textile maker’s stock valued at $428,000 after buying an additional 2,262 shares during the period. JFS Wealth Advisors LLC increased its position in Deckers Outdoor by 466.7% during the 3rd quarter. JFS Wealth Advisors LLC now owns 476 shares of the textile maker’s stock valued at $76,000 after purchasing an additional 392 shares during the period. Diversify Wealth Management LLC raised its holdings in Deckers Outdoor by 525.6% during the 3rd quarter. Diversify Wealth Management LLC now owns 5,011 shares of the textile maker’s stock worth $756,000 after purchasing an additional 4,210 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Deckers Outdoor by 572.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,317 shares of the textile maker’s stock valued at $688,000 after purchasing an additional 3,675 shares during the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of Deckers Outdoor by 457.0% during the third quarter. New York State Teachers Retirement System now owns 159,133 shares of the textile maker’s stock worth $25,374,000 after buying an additional 130,565 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.