Wells Fargo Sticks to Its Buy Rating for Deckers Outdoor (DECK)

In a report released today, Tom Nikic from Wells Fargo maintained a Buy rating on Deckers Outdoor (DECKResearch Report), with a price target of $173.00. The company’s shares closed last Monday at $129.63, close to its 52-week low of $121.14.

According to TipRanks.com, Nikic is a 1-star analyst with an average return of -11.7% and a 38.9% success rate. Nikic covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Designer Brands, and Boot Barn.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Deckers Outdoor with a $201.60 average price target, a 46.0% upside from current levels. In a report released today, Citigroup also maintained a Buy rating on the stock with a $180.00 price target.

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The company has a one-year high of $203.19 and a one-year low of $121.14. Currently, Deckers Outdoor has an average volume of 500.5K.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DECK in relation to earlier this year.

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Deckers Outdoor Corp. engages in the business of designing, marketing, and distributing footwear, apparel, and accessories developed for both everyday casual lifestyle use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands, and Direct-to-Consumer.