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

Deckers Outdoor (NYSE:DECK) had its price target upped by Wells Fargo & Company from $115.00 to $120.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the textile maker’s stock.

A number of other research firms also recently commented on DECK. Citigroup dropped their price objective on shares of Deckers Outdoor from $215.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 28th. KeyCorp dropped their price objective on shares of Deckers Outdoor from $230.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, April 29th. Jefferies Financial Group upped their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Bank of America upped their price objective on shares of Deckers Outdoor from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Finally, Stifel Nicolaus dropped their price objective on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $162.16.

Deckers Outdoor Price Performance

NYSE DECK opened at $127.01 on Wednesday. Deckers Outdoor has a 12 month low of $93.72 and a 12 month high of $223.98. The company has a 50-day moving average of $113.93 and a 200-day moving average of $160.11. The company has a market cap of $19.28 billion, a P/E ratio of 20.59, a P/E/G ratio of 1.68 and a beta of 1.11.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total value of $40,344.00. Following the completion of the sale, the director now owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Powers sold 25,000 shares of the stock in a transaction that occurred 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 completion of the sale, 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 position. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in DECK. Mpwm Advisory Solutions LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at approximately $29,000. Vega Investment Solutions purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Deckers Outdoor by 250.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 168 shares of the textile maker’s stock valued at $34,000 after buying an additional 120 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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.