Deckers Outdoor Corporation (NYSE:DECK) Stock Has Average Target Price of $114.42 According to Brokerages

Deckers Outdoor Corporation (NYSE:DECK) has been given an average rating of “Hold” by the twenty-four ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $114.42.

DECK has been the subject of a number of research analyst reports. Barclays set a $133.00 price objective on Deckers Outdoor and gave the stock an “overweight” rating in a report on Friday, July 24th. Weiss Ratings cut Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 3rd. Wells Fargo & Company reissued an “underweight” rating and set a $85.00 price target on shares of Deckers Outdoor in a research report on Friday, July 24th. Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Finally, Needham & Company LLC cut their price objective on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, July 24th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DECK. Costello Asset Management INC grew its position in Deckers Outdoor by 14.3% during the 1st quarter. Costello Asset Management INC now owns 800 shares of the textile maker’s stock worth $80,000 after acquiring an additional 100 shares during the last quarter. Hilton Head Capital Partners LLC increased its stake in Deckers Outdoor by 29.8% in the first quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 101 shares in the last quarter. GW Henssler & Associates Ltd. raised its holdings in Deckers Outdoor by 5.8% in the fourth quarter. GW Henssler & Associates Ltd. now owns 2,159 shares of the textile maker’s stock worth $224,000 after purchasing an additional 118 shares during the period. Cim LLC raised its holdings in Deckers Outdoor by 1.1% in the first quarter. Cim LLC now owns 12,207 shares of the textile maker’s stock worth $1,222,000 after purchasing an additional 133 shares during the period. Finally, Resonant Capital Advisors LLC boosted its position in shares of Deckers Outdoor by 3.4% during the first quarter. Resonant Capital Advisors LLC now owns 4,250 shares of the textile maker’s stock worth $425,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Price Performance

DECK opened at $79.22 on Thursday. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12. The business has a 50-day moving average of $87.57 and a two-hundred day moving average of $98.59. Deckers Outdoor has a 12 month low of $77.20 and a 12 month high of $122.29.

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

Deckers Outdoor Company Profile

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.