Deckers Outdoor’s (DECK) Neutral Rating Reiterated at Guggenheim

Guggenheim restated their neutral rating on shares of Deckers Outdoor (NYSE:DECK) in a report issued on Friday morning,Benzinga reports.

A number of other analysts have also issued reports on DECK. Wells Fargo & Company boosted their price target on Deckers Outdoor from $170.00 to $215.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Robert W. Baird upped their price target on Deckers Outdoor from $195.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Evercore ISI upped their target price on Deckers Outdoor from $195.00 to $235.00 and gave the company an “outperform” rating in a research report on Thursday, January 9th. Piper Sandler set a $166.00 price target on Deckers Outdoor in a research report on Thursday, October 17th. Finally, Stifel Nicolaus increased their price target on Deckers Outdoor from $147.83 to $181.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Deckers Outdoor currently has an average rating of “Moderate Buy” and a consensus target price of $197.41.

Deckers Outdoor Stock Down 20.3 %

Shares of Deckers Outdoor stock opened at $177.85 on Friday. The stock’s 50-day simple moving average is $205.90 and its 200-day simple moving average is $137.68. Deckers Outdoor has a 52 week low of $125.15 and a 52 week high of $223.98. The company has a market capitalization of $27.02 billion, a price-to-earnings ratio of 31.27, a PEG ratio of 2.41 and a beta of 1.08.

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

Insider Buying and Selling

In other Deckers Outdoor news, Director Bonita C. Stewart sold 9,000 shares of Deckers Outdoor stock in a transaction on Friday, November 8th. The shares were sold at an average price of $175.42, for a total value of $1,578,780.00. Following the transaction, the director now owns 44,988 shares in the company, valued at $7,891,794.96. This trade represents a 16.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the transaction, the chief executive officer now owns 259,266 shares in the company, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,758 shares of company stock worth $13,506,861. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds have recently made changes to their positions in DECK. Algert Global LLC raised its stake in shares of Deckers Outdoor by 23.0% in the 2nd quarter. Algert Global LLC now owns 428 shares of the textile maker’s stock valued at $414,000 after acquiring an additional 80 shares during the period. Creative Planning raised its stake in shares of Deckers Outdoor by 10.6% in the 2nd quarter. Creative Planning now owns 5,079 shares of the textile maker’s stock valued at $4,916,000 after acquiring an additional 488 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Deckers Outdoor by 2.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 918 shares of the textile maker’s stock valued at $889,000 after acquiring an additional 23 shares during the period. Cetera Investment Advisers raised its stake in shares of Deckers Outdoor by 20.6% in the 2nd quarter. Cetera Investment Advisers now owns 6,119 shares of the textile maker’s stock valued at $5,923,000 after acquiring an additional 1,044 shares during the period. Finally, Clearbridge Investments LLC purchased a new position in shares of Deckers Outdoor in the 2nd quarter valued at $1,381,000. 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.