Deckers Outdoor (NYSE:DECK) Earns Market Perform Rating from Telsey Advisory Group

Deckers Outdoor (NYSE:DECK)‘s stock had its “market perform” rating reissued by stock analysts at Telsey Advisory Group in a note issued to investors on Thursday, Benzinga reports. They currently have a $105.00 price target on the textile maker’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 21.40% from the company’s current price.

Several other analysts have also recently commented on DECK. Truist Financial lowered their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Stifel Nicolaus set a $133.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, July 24th. BMO Capital Markets initiated coverage on Deckers Outdoor in a research note on Tuesday, September 8th. They issued an “underperform” rating and a $70.00 price target for the company. Needham & Company LLC decreased their price target on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Finally, Robert W. Baird lowered their price target on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $113.32.

Deckers Outdoor Stock Up 4.4%

NYSE DECK traded up $3.67 on Thursday, hitting $86.49. The stock had a trading volume of 3,139,707 shares, compared to its average volume of 2,496,527. Deckers Outdoor has a one year low of $77.20 and a one year high of $122.29. The stock has a market cap of $11.78 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 1.30 and a beta of 1.12. The company’s 50-day moving average is $84.74 and its two-hundred day moving average is $97.49.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, sell-side analysts anticipate that Deckers Outdoor will post 7.50 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DECK. Costello Asset Management INC lifted its holdings in Deckers Outdoor by 14.3% in the 1st quarter. Costello Asset Management INC now owns 800 shares of the textile maker’s stock valued at $80,000 after acquiring an additional 100 shares during the last quarter. Hilton Head Capital Partners LLC boosted its position in shares of Deckers Outdoor by 29.8% during the 1st 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. Cim LLC grew its stake in shares of Deckers Outdoor by 1.1% in the 1st 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 last quarter. Resonant Capital Advisors LLC grew its stake in shares of Deckers Outdoor by 3.4% in the 1st 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 during the last quarter. Finally, Tema ETFs LLC raised its holdings in shares of Deckers Outdoor by 5.6% in the 2nd quarter. Tema ETFs LLC now owns 2,734 shares of the textile maker’s stock worth $271,000 after purchasing an additional 145 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

About Deckers Outdoor

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.