Deckers Outdoor (NYSE:DECK) Stock Price Down 3.9% – Time to Sell?

Deckers Outdoor Corporation (NYSE:DECK) dropped 3.9% during trading on Tuesday . The company traded as low as $88.23 and last traded at $88.4880. Approximately 415,418 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 2,319,883 shares. The stock had previously closed at $92.08.

Wall Street Analysts Forecast Growth

DECK has been the subject of a number of research reports. Robert W. Baird reduced their price target on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Argus set a $128.00 price objective on Deckers Outdoor in a report on Friday, May 29th. Needham & Company LLC cut their target price on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Telsey Advisory Group cut their target price on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a research report on Friday, July 24th. Finally, Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Deckers Outdoor currently has an average rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor Trading Up 0.8%

The stock has a fifty day simple moving average of $100.00 and a two-hundred day simple moving average of $104.50. The company has a market cap of $12.18 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17.

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

Institutional Investors Weigh In On Deckers Outdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its holdings in shares of Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares in the last quarter. Elyxium Wealth LLC acquired a new position in Deckers Outdoor during the fourth quarter worth about $30,000. Orion Capital Management LLC acquired a new position in Deckers Outdoor during the second quarter worth about $30,000. Rakuten Securities Inc. increased its holdings in Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after buying an additional 100 shares in the last quarter. Finally, Activest Wealth Management increased its holdings in Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after buying an additional 245 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

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.