Deckers Outdoor (NYSE:DECK) Given Neutral Rating at Guggenheim

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

A number of other equities analysts have also commented on the stock. Citigroup lifted their price target on shares of Deckers Outdoor from $178.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Evercore ISI boosted 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. BTIG Research downgraded Deckers Outdoor from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 22nd. Seaport Res Ptn cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 7th. Finally, KeyCorp raised their target price on Deckers Outdoor from $213.00 to $230.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Deckers Outdoor has a consensus rating of “Moderate Buy” and an average target price of $197.41.

Deckers Outdoor Trading Down 20.3 %

DECK stock opened at $177.85 on Friday. The firm has a market cap of $27.02 billion, a PE ratio of 31.27, a PEG ratio of 2.41 and a beta of 1.08. Deckers Outdoor has a 1 year low of $125.15 and a 1 year high of $223.98. The company has a fifty day simple moving average of $205.90 and a 200 day simple moving average of $136.89.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 6th. The textile maker reported $3.00 earnings per share (EPS) 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%. As a group, analysts forecast that Deckers Outdoor will post 5.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Deckers Outdoor news, CEO Caroti Stefano sold 14,274 shares of the 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 transaction, the chief executive officer now directly owns 259,266 shares in the company, valued at $54,015,478.44. This represents a 5.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Steven J. Fasching sold 8,802 shares of the business’s stock in a transaction 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. This represents a 5.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,758 shares of company stock valued at $13,506,861 over the last quarter. Corporate insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC raised its position in Deckers Outdoor by 18.9% in the 4th quarter. Global Retirement Partners LLC now owns 4,101 shares of the textile maker’s stock valued at $833,000 after purchasing an additional 651 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Deckers Outdoor by 2.9% in the fourth quarter. Truist Financial Corp now owns 54,321 shares of the textile maker’s stock valued at $11,032,000 after buying an additional 1,548 shares during the last quarter. CIBC Asset Management Inc lifted its position in Deckers Outdoor by 4.2% during the 4th quarter. CIBC Asset Management Inc now owns 23,265 shares of the textile maker’s stock worth $4,725,000 after buying an additional 937 shares in the last quarter. Pittenger & Anderson Inc. grew its holdings in Deckers Outdoor by 32.5% during the 4th quarter. Pittenger & Anderson Inc. now owns 12,217 shares of the textile maker’s stock worth $2,481,000 after acquiring an additional 2,995 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Deckers Outdoor by 25.7% in the 4th quarter. Principal Financial Group Inc. now owns 499,568 shares of the textile maker’s stock valued at $101,457,000 after acquiring an additional 102,134 shares in the last quarter. 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.