Deckers Outdoor (NYSE:DECK) had its price objective hoisted by Wells Fargo & Co from $180.00 to $200.00 in a research report released on Friday morning, BenzingaRatingsTable reports. Wells Fargo & Co currently has an overweight rating on the textile maker’s stock.
Several other equities research analysts have also recently issued reports on DECK. Cfra raised their price objective on Deckers Outdoor from $190.00 to $210.00 and gave the stock a buy rating in a report on Friday, January 31st. Evercore ISI reaffirmed a hold rating and issued a $175.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Citigroup cut their target price on Deckers Outdoor from $180.00 to $175.00 and set a buy rating on the stock in a research report on Monday, April 20th. Wedbush increased their target price on Deckers Outdoor from $145.00 to $155.00 and gave the stock an outperform rating in a research report on Monday, May 18th. Finally, Zacks Investment Research raised Deckers Outdoor from a sell rating to a hold rating and set a $158.00 target price on the stock in a research report on Monday, April 13th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $188.94.
Shares of DECK stock traded up $11.21 during mid-day trading on Friday, hitting $179.24. 1,086,938 shares of the company’s stock were exchanged, compared to its average volume of 410,381. Deckers Outdoor has a fifty-two week low of $78.70 and a fifty-two week high of $203.19. The stock has a 50-day simple moving average of $142.30 and a two-hundred day simple moving average of $160.31. The company has a quick ratio of 2.10, a current ratio of 2.89 and a debt-to-equity ratio of 0.20. The stock has a market cap of $4.70 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.64 and a beta of 0.90.
Several hedge funds and other institutional investors have recently made changes to their positions in DECK. Northwestern Mutual Wealth Management Co. increased its position in shares of Deckers Outdoor by 59.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 344 shares of the textile maker’s stock worth $46,000 after acquiring an additional 128 shares during the last quarter. Carroll Financial Associates Inc. purchased a new stake in shares of Deckers Outdoor during the first quarter worth about $48,000. Duncker Streett & Co. Inc. purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth about $68,000. Quantbot Technologies LP purchased a new stake in shares of Deckers Outdoor during the fourth quarter worth about $112,000. Finally, US Bancorp DE increased its position in shares of Deckers Outdoor by 126.5% during the first quarter. US Bancorp DE now owns 1,198 shares of the textile maker’s stock worth $161,000 after acquiring an additional 669 shares during the last quarter. 96.00% 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. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.
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