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

Deckers Outdoor (NYSE:DECK) had its target price dropped by equities researchers at Wells Fargo & Company from $1,000.00 to $165.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 6.87% from the stock’s current price.

DECK has been the topic of a number of other research reports. Telsey Advisory Group restated an “outperform” rating and set a $30.56 price objective on shares of Deckers Outdoor in a research note on Friday, July 26th. StockNews.com upgraded Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 17th. UBS Group boosted their price objective on Deckers Outdoor from $35.14 to $37.50 and gave the stock a “buy” rating in a research note on Friday, July 26th. Robert W. Baird boosted their price objective on Deckers Outdoor from $29.17 to $29.86 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Finally, Stifel Nicolaus reduced their price objective on Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating on the stock in a research note on Tuesday, September 17th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus price target of $54.99.

Deckers Outdoor Trading Up 0.1 %

DECK stock opened at $154.40 on Monday. The stock has a 50-day moving average price of $43.34 and a two-hundred day moving average price of $31.92. Deckers Outdoor has a 12-month low of $80.67 and a 12-month high of $184.48. The company has a market cap of $3.93 billion, a PE ratio of 5.27, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $808.40 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. Equities analysts forecast that Deckers Outdoor will post 31.6 EPS for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In other news, Director David Powers sold 140,832 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

Hedge funds have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. increased its position in shares of Deckers Outdoor by 460.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 23 shares during the period. FinTrust Capital Advisors LLC boosted its position in shares of Deckers Outdoor by 437.5% in the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after buying an additional 35 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Deckers Outdoor in the second quarter worth $34,000. Contravisory Investment Management Inc. acquired a new stake in shares of Deckers Outdoor in the first quarter worth $36,000. Finally, EntryPoint Capital LLC boosted its position in shares of Deckers Outdoor by 256.3% in the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after buying an additional 41 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.