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

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

Several other research analysts also recently issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a “hold” rating in a report on Tuesday. Stifel Nicolaus lifted their price objective on Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a report on Friday, October 25th. Evercore ISI increased their target price on shares of Deckers Outdoor from $195.00 to $235.00 and gave the stock an “outperform” rating in a research report on Thursday, January 9th. Barclays boosted their price target on shares of Deckers Outdoor from $190.00 to $231.00 and gave the company an “overweight” rating in a research report on Friday. Finally, TD Cowen raised their price objective on shares of Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Deckers Outdoor presently has an average rating of “Moderate Buy” and an average target price of $194.70.

Deckers Outdoor Stock Down 15.4 %

Shares of NYSE:DECK traded down $34.44 on Friday, reaching $188.67. The company had a trading volume of 4,112,632 shares, compared to its average volume of 1,884,233. The stock has a market capitalization of $28.66 billion, a P/E ratio of 33.19, a P/E/G ratio of 2.41 and a beta of 1.08. The stock has a 50-day moving average price of $206.19 and a 200 day moving average price of $135.05. Deckers Outdoor has a twelve month low of $125.15 and a twelve month high of $223.98.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 EPS for the quarter, beating 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, sell-side analysts predict that Deckers Outdoor will post 5.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Deckers Outdoor

In related news, CEO Caroti Stefano sold 14,274 shares of Deckers Outdoor stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $208.34, for a total transaction of $2,973,845.16. Following the completion of the sale, the chief executive officer now owns 259,266 shares of the company’s stock, valued at approximately $54,015,478.44. This trade represents a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maha Saleh Ibrahim sold 300 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $200.80, for a total value of $60,240.00. Following the transaction, the director now directly owns 10,222 shares of the company’s stock, valued at $2,052,577.60. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 73,758 shares of company stock valued at $13,506,861. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC lifted its stake in Deckers Outdoor by 499.2% in the third quarter. FMR LLC now owns 22,869,485 shares of the textile maker’s stock worth $3,646,539,000 after purchasing an additional 19,053,113 shares during the last quarter. State Street Corp boosted its holdings in shares of Deckers Outdoor by 513.8% during the third quarter. State Street Corp now owns 6,584,305 shares of the textile maker’s stock worth $1,049,867,000 after purchasing an additional 5,511,513 shares during the period. Geode Capital Management LLC grew its stake in shares of Deckers Outdoor by 509.1% in the third quarter. Geode Capital Management LLC now owns 4,059,919 shares of the textile maker’s stock worth $646,316,000 after purchasing an additional 3,393,420 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Deckers Outdoor by 929.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,894 shares of the textile maker’s stock valued at $206,790,000 after purchasing an additional 1,170,855 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Deckers Outdoor by 529.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,277,355 shares of the textile maker’s stock worth $203,674,000 after buying an additional 1,074,263 shares during the period. 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.