Deckers Outdoor (NYSE:DECK) Receives New Coverage from Analysts at Guggenheim

Guggenheim started coverage on shares of Deckers Outdoor (NYSE:DECK) in a note issued to investors on Wednesday, MarketBeat reports. The firm set a “neutral” rating on the textile maker’s stock.

DECK has been the topic of a number of other reports. Barclays lowered their price target on shares of Deckers Outdoor from $1,090.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Stifel Nicolaus lowered their target price on shares of Deckers Outdoor from $887.00 to $147.83 and set a “hold” rating on the stock in a research note on Tuesday, September 17th. Piper Sandler restated a “neutral” rating and issued a $27.78 price target on shares of Deckers Outdoor in a research note on Friday, August 23rd. Seaport Res Ptn downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Evercore ISI cut their price objective on Deckers Outdoor from $30.83 to $30.56 and set an “outperform” rating for the company in a research report on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.46.

Deckers Outdoor Stock Performance

Shares of DECK opened at $158.22 on Wednesday. The company has a market capitalization of $4.03 billion, a P/E ratio of 5.40, a P/E/G ratio of 2.74 and a beta of 1.05. The business’s 50-day moving average is $75.56 and its two-hundred day moving average is $42.95. Deckers Outdoor has a fifty-two week low of $80.67 and a fifty-two week high of $184.48.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. During the same period last year, the business earned $0.07 earnings per share. Deckers Outdoor’s quarterly revenue was up 22.1% on a year-over-year basis. Analysts forecast that Deckers Outdoor will post 5.2 EPS for the current year.

Insider Buying and Selling

In other news, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the sale, the chief financial officer now directly owns 161,838 shares in the company, valued at $26,973,539.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Deckers Outdoor news, Director David Powers sold 140,832 shares of Deckers Outdoor stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the transaction, the director now directly owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the completion of the transaction, the chief financial officer now owns 161,838 shares in the company, valued at $26,973,539.46. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DECK. Whittier Trust Co. of Nevada Inc. raised its position in Deckers Outdoor by 460.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Crewe Advisors LLC purchased a new position in shares of Deckers Outdoor during the 2nd quarter worth $34,000. Contravisory Investment Management Inc. acquired a new stake in shares of Deckers Outdoor during the 1st quarter worth about $36,000. EntryPoint Capital LLC raised its holdings in Deckers Outdoor by 256.3% in the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock valued at $54,000 after buying an additional 41 shares during the period. Finally, Rise Advisors LLC acquired a new position in Deckers Outdoor in the first quarter valued at about $61,000. 97.79% of the stock is currently 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.