Deckers Outdoor (NYSE:DECK) Price Target Increased to $170.00 by Analysts at Wells Fargo & Company

Deckers Outdoor (NYSE:DECK) had its target price hoisted by equities researchers at Wells Fargo & Company from $165.00 to $170.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 11.75% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. TD Cowen upped their price target on shares of Deckers Outdoor from $176.00 to $178.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Telsey Advisory Group raised their price objective on Deckers Outdoor from $183.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday. Bank of America increased their price target on shares of Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a research report on Friday. Stifel Nicolaus reduced their price target on Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating on the stock in a research report on Tuesday, September 17th. Finally, Evercore ISI raised their price objective on Deckers Outdoor from $183.00 to $185.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $135.25.

Deckers Outdoor Stock Up 0.8 %

DECK stock opened at $152.12 on Friday. Deckers Outdoor has a twelve month low of $80.67 and a twelve month high of $184.48. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 5.19, a PEG ratio of 2.85 and a beta of 1.05. The business’s fifty day simple moving average is $102.28 and its two-hundred day simple moving average is $52.18.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.37. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the firm earned $1.14 earnings per share. Deckers Outdoor’s revenue was up 20.1% compared to the same quarter last year. Research analysts expect that Deckers Outdoor will post 5.22 EPS for the current year.

Insider Activity at Deckers Outdoor

In related news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the completion of the transaction, the chief financial officer now directly owns 161,838 shares in the company, valued at approximately $26,973,539.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 transaction of $1,533,030.66. Following the sale, the chief financial officer now owns 161,838 shares of the company’s stock, valued at $26,973,539.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Powers sold 140,832 shares of the business’s stock in a transaction 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds have recently modified their holdings of the company. AMF Tjanstepension AB raised its stake in shares of Deckers Outdoor by 495.7% during the 3rd quarter. AMF Tjanstepension AB now owns 952,803 shares of the textile maker’s stock worth $151,924,000 after buying an additional 792,849 shares during the period. abrdn plc raised its position in Deckers Outdoor by 568.7% during the third quarter. abrdn plc now owns 794,095 shares of the textile maker’s stock worth $126,992,000 after acquiring an additional 675,347 shares during the period. Vanguard Group Inc. lifted its stake in Deckers Outdoor by 18.9% in the 1st quarter. Vanguard Group Inc. now owns 2,923,154 shares of the textile maker’s stock valued at $2,751,448,000 after buying an additional 464,020 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in Deckers Outdoor by 650.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 304,354 shares of the textile maker’s stock worth $48,529,000 after buying an additional 263,779 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in Deckers Outdoor by 663.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 214,592 shares of the textile maker’s stock worth $34,217,000 after buying an additional 186,483 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other 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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.