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

Deckers Outdoor (NYSE:DECK - Get Free Report)'s stock had its "neutral" rating restated by Guggenheim in a research report issued on Friday,Benzinga reports.

Other analysts have also recently issued reports about the stock. Robert W. Baird raised their target price on shares of Deckers Outdoor from $195.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Telsey Advisory Group restated an "outperform" rating and set a $240.00 price objective on shares of Deckers Outdoor in a research report on Friday. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a research note on Thursday, October 17th. UBS Group upped their price target on shares of Deckers Outdoor from $226.00 to $232.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Bank of America lifted their price objective on Deckers Outdoor from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $197.41.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock traded down $1.06 on Friday, hitting $169.57. The company had a trading volume of 5,836,533 shares, compared to its average volume of 2,794,182. Deckers Outdoor has a 52 week low of $131.39 and a 52 week high of $223.98. The company has a market cap of $25.76 billion, a PE ratio of 27.49, a PEG ratio of 1.85 and a beta of 1.07. The business has a 50-day simple moving average of $205.90 and a 200-day simple moving average of $137.68.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The textile maker reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.56. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. On average, equities research analysts predict that Deckers Outdoor will post 5.92 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Thomas Garcia sold 18,000 shares of the firm's 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 transaction, the insider now owns 63,642 shares of the company's stock, valued at approximately $11,155,169.76. This trade represents a 22.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven J. Fasching sold 8,802 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $175.00, for a total transaction of $1,540,350.00. Following the sale, the chief financial officer now directly owns 153,036 shares of the company's stock, valued at approximately $26,781,300. This trade represents a 5.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,758 shares of company stock valued at $13,506,861 over the last ninety days. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Deckers Outdoor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Los Angeles Capital Management LLC raised its position in shares of Deckers Outdoor by 507.3% during the fourth quarter. Los Angeles Capital Management LLC now owns 593,020 shares of the textile maker's stock worth $120,436,000 after purchasing an additional 495,364 shares during the period. Todd Asset Management LLC acquired a new stake in Deckers Outdoor during the 4th quarter worth approximately $31,154,000. Coyle Financial Counsel LLC boosted its holdings in shares of Deckers Outdoor by 500.2% in the fourth quarter. Coyle Financial Counsel LLC now owns 4,862 shares of the textile maker's stock valued at $987,000 after buying an additional 4,052 shares during the period. BankPlus Trust Department bought a new stake in shares of Deckers Outdoor during the fourth quarter worth $82,000. Finally, Crestwood Advisors Group LLC raised its holdings in shares of Deckers Outdoor by 4.6% during the fourth quarter. Crestwood Advisors Group LLC now owns 3,097 shares of the textile maker's stock worth $629,000 after acquiring an additional 137 shares during the period. Institutional investors own 97.79% of the company's stock.

Deckers Outdoor Company Profile

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.