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

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

Other equities analysts have also issued research reports about the company. Barclays increased their target price on Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a report on Friday. TD Cowen increased their price target on shares of Deckers Outdoor from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup boosted their price objective on shares of Deckers Outdoor from $178.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Evercore ISI increased their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Finally, KeyCorp upped their price objective on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $194.70.

Deckers Outdoor Stock Down 15.4 %

Shares of Deckers Outdoor stock traded down $34.44 during mid-day trading on Friday, hitting $188.67. The stock had a trading volume of 4,112,632 shares, compared to its average volume of 1,884,233. The firm has a market cap of $28.66 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08. The firm has a 50-day moving average of $206.19 and a two-hundred day moving average of $135.05. Deckers Outdoor has a 12-month low of $125.15 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.48% and a net margin of 18.95%. Sell-side analysts expect that Deckers Outdoor will post 5.62 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Thomas Garcia sold 18,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $175.28, for a total value of $3,155,040.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven J. Fasching sold 8,802 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the completion of the sale, the chief financial officer now owns 153,036 shares in the company, valued at $26,781,300. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,758 shares of company stock worth $13,506,861 over the last ninety days. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its stake in Deckers Outdoor by 2.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock valued at $889,000 after buying an additional 23 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in shares of Deckers Outdoor by 2.2% in the 4th quarter. Resonant Capital Advisors LLC now owns 2,408 shares of the textile maker’s stock valued at $489,000 after acquiring an additional 52 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in Deckers Outdoor by 3.9% in the 4th quarter. Bleakley Financial Group LLC now owns 1,444 shares of the textile maker’s stock worth $293,000 after purchasing an additional 54 shares during the period. Mather Group LLC. grew its position in Deckers Outdoor by 2.6% during the 4th quarter. Mather Group LLC. now owns 2,567 shares of the textile maker’s stock worth $521,000 after purchasing an additional 64 shares in the last quarter. Finally, WD Rutherford LLC raised its stake in Deckers Outdoor by 4.8% during the 4th quarter. WD Rutherford LLC now owns 1,735 shares of the textile maker’s stock valued at $352,000 after purchasing an additional 79 shares during the period. 97.79% of the stock is 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 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.