Deckers Outdoor (NYSE:DECK) Sets New 52-Week Low – Here’s What Happened

Shares of Deckers Outdoor Corporation (NYSE:DECK – Get Free Report) hit a new 52-week low on Wednesday. The stock traded as low as $77.20 and last traded at $77.5620, with a volume of 984776 shares. The stock had previously closed at $77.68.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Telsey Advisory Group dropped their price target on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research report on Friday, July 24th. Robert W. Baird lowered their price objective 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. Barclays set a $133.00 price objective on Deckers Outdoor and gave the stock an “overweight” rating in a report on Friday, July 24th. BMO Capital Markets initiated coverage on Deckers Outdoor in a research report on Tuesday, September 8th. They set an “underperform” rating and a $70.00 price target for the company. Finally, Weiss Ratings downgraded Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $114.42.

Read Our Latest Analysis on Deckers Outdoor

Deckers Outdoor Stock Performance

The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 1.21 and a beta of 1.12. The firm has a fifty day moving average of $87.91 and a 200-day moving average of $98.72.

Deckers Outdoor (NYSE:DECK – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, analysts predict that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Institutional Trading of Deckers Outdoor

Large investors have recently bought and sold shares of the company. QRG Capital Management Inc. boosted its stake in shares of Deckers Outdoor by 668.3% in the second quarter. QRG Capital Management Inc. now owns 58,724 shares of the textile maker’s stock valued at $5,831,000 after purchasing an additional 51,081 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in Deckers Outdoor during the 2nd quarter worth $396,000. Sequoia Financial Advisors LLC lifted its holdings in Deckers Outdoor by 1.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,097 shares of the textile maker’s stock worth $1,003,000 after buying an additional 183 shares in the last quarter. Tidal Investments LLC boosted its position in Deckers Outdoor by 37.9% in the 2nd quarter. Tidal Investments LLC now owns 48,934 shares of the textile maker’s stock valued at $4,859,000 after buying an additional 13,445 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Deckers Outdoor by 2.8% during the second quarter. National Pension Service now owns 114,926 shares of the textile maker’s stock valued at $11,411,000 after acquiring an additional 3,173 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

(Get Free Report)

Deckers Outdoor Corporation, doing business as Deckers Brands, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual lifestyle products; HOKA, which develops performance running and outdoor footwear; and Teva, which offers outdoor and adventure sandals and footwear. The company also markets Koolaburra by UGG and other product lines.

Deckers sells its products through company-owned retail stores, e-commerce websites, wholesale accounts and selected distributors.

Further Reading

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