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

Deckers Outdoor (NYSE:DECK) had its price objective lowered by Wells Fargo & Company from $215.00 to $210.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 18.08% from the stock’s current price.

DECK has been the subject of several other research reports. Guggenheim reissued a “neutral” rating on shares of Deckers Outdoor in a research report on Friday. BTIG Research downgraded Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Evercore ISI boosted their price objective on Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. Stifel Nicolaus increased their target price on Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Barclays boosted their price target on Deckers Outdoor from $190.00 to $231.00 and gave the stock an “overweight” rating in a research report on Friday. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Trading Down 20.3 %

Shares of DECK opened at $177.85 on Friday. Deckers Outdoor has a twelve month low of $125.15 and a twelve month high of $223.98. The firm has a market capitalization of $27.02 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08. The stock’s fifty day simple moving average is $205.90 and its 200 day simple moving average is $136.89.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. Sell-side analysts predict that Deckers Outdoor will post 5.62 earnings per share for the current year.

Insider Activity at Deckers Outdoor

In related news, CEO Caroti Stefano sold 15,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.73, for a total transaction of $2,635,950.00. Following the completion of the sale, the chief executive officer now owns 273,540 shares of the company’s stock, valued at $48,069,184.20. This represents a 5.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total transaction of $60,240.00. Following the completion of the transaction, the director now directly owns 10,222 shares in the company, valued at $2,052,577.60. This represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,758 shares of company stock valued at $13,506,861 over the last three months. 0.40% of the stock is owned by insiders.

Institutional Trading of Deckers Outdoor

A number of institutional investors and hedge funds have recently made changes to their positions in DECK. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Deckers Outdoor by 2.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock valued at $889,000 after acquiring an additional 23 shares during the period. Resonant Capital Advisors LLC increased its holdings in shares of Deckers Outdoor by 2.2% during the fourth quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after purchasing an additional 52 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Deckers Outdoor by 3.9% during the fourth quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock valued at $293,000 after acquiring an additional 54 shares during the period. Mather Group LLC. boosted its stake in Deckers Outdoor by 2.6% during the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock valued at $521,000 after purchasing an additional 64 shares in the last quarter. Finally, WD Rutherford LLC increased its position in shares of Deckers Outdoor by 4.8% during the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock valued at $352,000 after purchasing an additional 79 shares during the period. 97.79% of the stock is currently 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.