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

Guggenheim began coverage on shares of Deckers Outdoor (NYSE:DECK) in a report released on Wednesday morning, Marketbeat reports. The firm issued a neutral rating on the textile maker’s stock.

A number of other research analysts have also recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Deckers Outdoor from $887.00 to $147.83 and set a hold rating for the company in a research note on Tuesday, September 17th. 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. Robert W. Baird increased their target price on Deckers Outdoor from $29.17 to $29.86 and gave the stock an outperform rating in a report on Friday, July 26th. UBS Group lifted their price target on Deckers Outdoor from $35.14 to $37.50 and gave the company a buy rating in a report on Friday, July 26th. Finally, Wells Fargo & Company decreased their price objective on shares of Deckers Outdoor from $1,000.00 to $165.00 and set an equal weight rating on the stock in a report on Monday, September 23rd. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $77.46.

Deckers Outdoor Price Performance

Shares of DECK stock opened at $160.34 on Wednesday. The stock’s fifty day simple moving average is $72.90 and its 200 day simple moving average is $42.14. Deckers Outdoor has a one year low of $80.67 and a one year high of $184.48. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 5.47, a P/E/G ratio of 2.74 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 25th. The textile maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $825.30 million for the quarter, compared to the consensus estimate of $808.40 million. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 EPS. On average, research analysts anticipate that Deckers Outdoor will post 5.2 earnings per share for the current year.

Insider Buying and Selling at Deckers Outdoor

In other news, Director David Powers sold 140,832 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the transaction, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24. This trade represents a 0.00 % decrease in their position. 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 the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.97, for a total value of $3,376,368.96. Following the transaction, the director now owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the transaction, the chief financial officer now owns 161,838 shares of the company’s stock, 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. Corporate insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its holdings in Deckers Outdoor by 460.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 28 shares of the textile maker’s stock worth $27,000 after purchasing an additional 23 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Deckers Outdoor in the second quarter valued at about $34,000. Contravisory Investment Management Inc. bought a new position in shares of Deckers Outdoor during the first quarter worth approximately $36,000. EntryPoint Capital LLC increased its stake in Deckers Outdoor by 256.3% during the 1st quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after acquiring 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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.