Deckers Outdoor (NYSE:DECK) Given New $120.00 Price Target at Wells Fargo & Company

Deckers Outdoor (NYSE:DECK) had its price objective raised by Wells Fargo & Company from $115.00 to $120.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the textile maker’s stock.

A number of other equities analysts have also recently commented on DECK. Citigroup cut their target price on shares of Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Bank of America lifted their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Jefferies Financial Group lifted their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Stifel Nicolaus lowered their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating on the stock in a research report on Thursday, April 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.16.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $127.01 on Wednesday. The firm’s fifty day simple moving average is $113.93 and its 200-day simple moving average is $160.11. The stock has a market capitalization of $19.28 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 1.68 and a beta of 1.11. Deckers Outdoor has a 12 month low of $93.72 and a 12 month high of $223.98.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in Deckers Outdoor in the 4th quarter valued at about $392,583,000. JPMorgan Chase & Co. raised its stake in Deckers Outdoor by 929.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after purchasing an additional 1,170,855 shares during the last quarter. Federated Hermes Inc. raised its stake in Deckers Outdoor by 1,998.7% in the 1st quarter. Federated Hermes Inc. now owns 1,163,977 shares of the textile maker’s stock valued at $130,144,000 after purchasing an additional 1,108,516 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Deckers Outdoor in the 4th quarter valued at about $185,451,000. Finally, Nuveen LLC acquired a new position in Deckers Outdoor in the 1st quarter valued at about $97,935,000. 97.79% of the stock is currently 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.