Wells Fargo & Company Issues Pessimistic Forecast for Deckers Outdoor (NYSE:DECK) Stock Price

Deckers Outdoor (NYSE:DECK) had its price objective reduced by analysts at Wells Fargo & Company from $210.00 to $115.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 3.46% from the company’s current price.

Several other equities analysts also recently commented on the company. Raymond James upgraded Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and cut their target price for the stock from $235.00 to $150.00 in a research report on Thursday, April 10th. Piper Sandler reduced their target price on shares of Deckers Outdoor from $210.00 to $100.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Telsey Advisory Group reiterated an “outperform” rating and set a $240.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Truist Financial reduced their price target on shares of Deckers Outdoor from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, January 31st. Finally, Barclays raised their price objective on shares of Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $174.55.

Deckers Outdoor Trading Up 0.3 %

Shares of DECK stock opened at $111.16 on Wednesday. The company has a market capitalization of $16.87 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.68 and a beta of 1.07. Deckers Outdoor has a 12 month low of $93.72 and a 12 month high of $223.98. The stock has a 50 day moving average of $116.51 and a two-hundred day moving average of $162.37.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. Sell-side analysts predict that Deckers Outdoor will post 5.89 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In other news, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares of the company’s stock, valued at $33,568,318.68. This trade represents a 9.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This trade represents a 2.81 % decrease in their position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Deckers Outdoor by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 17,639,783 shares of the textile maker’s stock valued at $3,582,464,000 after purchasing an additional 229,807 shares in the last quarter. Geode Capital Management LLC raised its holdings in Deckers Outdoor by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker’s stock worth $831,723,000 after buying an additional 45,035 shares during the period. Norges Bank bought a new position in Deckers Outdoor in the fourth quarter valued at approximately $392,583,000. Northern Trust Corp boosted its holdings in shares of Deckers Outdoor by 13.9% in the fourth quarter. Northern Trust Corp now owns 1,581,702 shares of the textile maker’s stock valued at $321,228,000 after buying an additional 192,469 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Deckers Outdoor by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,423,149 shares of the textile maker’s stock worth $289,027,000 after acquiring an additional 145,794 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

About Deckers Outdoor

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.