Deckers Outdoor Corporation (NYSE:DECK) Receives $117.16 Average Price Target from Brokerages

Deckers Outdoor Corporation (NYSE:DECKGet Free Report) has been assigned an average recommendation of “Hold” from the twenty-four analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $117.1579.

Several equities analysts recently weighed in on the stock. Robert W. Baird cut their target price on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Wells Fargo & Company reissued an “underweight” rating and set a $85.00 price objective on shares of Deckers Outdoor in a report on Friday, July 24th. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Friday, July 17th. Finally, Truist Financial reduced their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 24th.

Check Out Our Latest Research Report on Deckers Outdoor

Hedge Funds Weigh In On Deckers Outdoor

Several institutional investors have recently added to or reduced their stakes in DECK. Geneos Wealth Management Inc. boosted its position in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 215 shares during the last quarter. Elyxium Wealth LLC bought a new stake in Deckers Outdoor in the fourth quarter worth $30,000. Orion Capital Management LLC bought a new stake in Deckers Outdoor in the second quarter worth $30,000. Rakuten Securities Inc. raised its stake in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. Finally, Activest Wealth Management raised its stake in Deckers Outdoor by 298.8% during the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

DECK stock opened at $89.52 on Wednesday. Deckers Outdoor has a 1-year low of $78.91 and a 1-year high of $125.45. The business has a 50 day simple moving average of $102.52 and a two-hundred day simple moving average of $105.41. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.73 and a beta of 1.17.

Deckers Outdoor (NYSE:DECKGet Free Report) last released its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business posted $0.93 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Sell-side analysts anticipate that Deckers Outdoor will post 7.5 EPS for the current fiscal year.

Deckers Outdoor Company Profile

(Get Free Report)

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.

See Also

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.