Analysts Set Deckers Outdoor Corporation (NYSE:DECK) Price Target at $117.16

Deckers Outdoor Corporation (NYSE:DECK) has been given a consensus rating of “Hold” by the twenty-five analysts that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $114.80.

Several equities analysts have recently weighed in on DECK shares. Weiss Ratings downgraded Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a research report on Thursday, June 11th. KGI Securities cut shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price on the stock. in a research note on Friday, May 22nd. Needham & Company LLC decreased their target price on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Finally, Argus set a $128.00 price objective on Deckers Outdoor in a research note on Friday, May 29th.

Hedge Funds Weigh In On Deckers Outdoor

A number of large investors have recently bought and sold shares of DECK. Geneos Wealth Management Inc. boosted its position in Deckers Outdoor by 330.8% during the second 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 bought a new stake in shares of Deckers Outdoor in the 4th quarter valued at about $30,000. Orion Capital Management LLC purchased a new position in shares of Deckers Outdoor in the 2nd quarter worth approximately $30,000. Rakuten Securities Inc. grew its position in shares of Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $35,000. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

NYSE:DECK opened at $82.52 on Friday. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.33 and a beta of 1.15. The business has a 50 day moving average of $96.55 and a 200 day moving average of $102.55. Deckers Outdoor has a 1-year low of $78.91 and a 1-year high of $122.29.

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

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.