Wells Fargo & Company Cuts Deckers Outdoor (NYSE:DECK) Price Target to $95.00

Key Points

• Wells Fargo & Company has reduced the price target for Deckers Outdoor from $100.00 to $95.00, maintaining an "equal weight" rating on the stock, which suggests an upside potential of 8.93% from its current price.
• Despite the recent downgrade, other firms such as UBS Group and Truist Financial have provided higher target prices of $157.00 and $145.00 respectively, indicating strong buy sentiments from various analysts.
• Deckers Outdoor's stock recently dropped 14.9% to $87.21, amidst an average trading volume of over 5 million shares, further reflecting the volatility in its market performance.

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price objective cut by equities researchers at Wells Fargo & Company from $100.00 to $95.00 in a report released on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the textile maker's stock. Wells Fargo & Company's price objective would indicate a potential upside of 8.93% from the company's current price.

A number of other brokerages have also weighed in on DECK. UBS Group set a $157.00 price target on Deckers Outdoor and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Truist Financial raised their target price on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Weiss Ratings reiterated a "hold (c)" rating on shares of Deckers Outdoor in a report on Wednesday, October 8th. Zacks Research upgraded Deckers Outdoor from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 10th. Finally, Robert W. Baird reduced their price target on shares of Deckers Outdoor from $150.00 to $125.00 and set an "outperform" rating on the stock in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $127.95.

Deckers Outdoor Stock Down 14.9%

Shares of Deckers Outdoor stock traded down $15.33 on Friday, hitting $87.21. The company's stock had a trading volume of 5,017,238 shares, compared to its average volume of 3,301,640. The company has a market capitalization of $12.94 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. Deckers Outdoor has a 52-week low of $86.83 and a 52-week high of $223.98. The firm has a fifty day moving average price of $108.96 and a 200-day moving average price of $108.65.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.24. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm earned $1.59 earnings per share. The company's revenue for the quarter was up 9.1% compared to the same quarter last year. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. As a group, analysts expect that Deckers Outdoor will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the transaction, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DECK. American National Bank & Trust grew its position in shares of Deckers Outdoor by 77.4% during the third quarter. American National Bank & Trust now owns 243 shares of the textile maker's stock worth $25,000 after acquiring an additional 106 shares during the last quarter. True Wealth Design LLC raised its stake in Deckers Outdoor by 2,440.0% during the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker's stock valued at $26,000 after acquiring an additional 244 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock worth $29,000 after acquiring an additional 215 shares during the period. CVA Family Office LLC increased its holdings in shares of Deckers Outdoor by 137.4% during the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker's stock valued at $32,000 after purchasing an additional 180 shares during the period. Finally, Rakuten Securities Inc. grew its position in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock valued at $33,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

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.

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