Guggenheim Reiterates “Neutral” Rating for Deckers Outdoor (NYSE:DECK)

Deckers Outdoor (NYSE:DECK)‘s stock had its “neutral” rating reissued by equities research analysts at Guggenheim in a research report issued to clients and investors on Friday,Benzinga reports.

A number of other equities analysts have also issued reports on DECK. Piper Sandler set a $166.00 price objective on Deckers Outdoor in a report on Thursday, October 17th. BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 22nd. Bank of America lifted 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. Jefferies Financial Group increased their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Finally, Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Deckers Outdoor has an average rating of “Moderate Buy” and a consensus price target of $197.41.

Deckers Outdoor Price Performance

Shares of DECK opened at $177.85 on Friday. The company has a market cap of $27.02 billion, a P/E ratio of 31.27, a PEG ratio of 2.41 and a beta of 1.08. Deckers Outdoor has a 12 month low of $125.15 and a 12 month high of $223.98. The stock has a fifty day moving average price of $205.90 and a 200 day moving average price of $136.89.

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

Insider Activity at Deckers Outdoor

In other news, insider Thomas Garcia sold 18,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $175.28, for a total value of $3,155,040.00. Following the completion of the sale, the insider now owns 63,642 shares of the company’s stock, valued at $11,155,169.76. This trade represents a 22.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Caroti Stefano sold 14,274 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total value of $2,973,845.16. Following the transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. The trade was a 5.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 73,758 shares of company stock worth $13,506,861 in the last quarter. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently bought and sold shares of the business. Solstein Capital LLC grew its position in Deckers Outdoor by 500.0% during the third quarter. Solstein Capital LLC now owns 162 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 135 shares in the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Deckers Outdoor by 521.4% during the 3rd quarter. Bell Investment Advisors Inc now owns 174 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 146 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter worth $31,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Deckers Outdoor by 2,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 210 shares of the textile maker’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its position in Deckers Outdoor by 397.7% during the third quarter. Rakuten Securities Inc. now owns 219 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors 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.