Deckers Outdoor’s (DECK) Market Perform Rating Reiterated at Telsey Advisory Group

Deckers Outdoor (NYSE:DECK)‘s stock had its “market perform” rating reaffirmed by stock analysts at Telsey Advisory Group in a report released on Thursday, Benzinga reports. They currently have a $105.00 price target on the textile maker’s stock. Telsey Advisory Group’s price target points to a potential upside of 20.50% from the company’s previous close.

DECK has been the topic of several other reports. Weiss Ratings lowered shares of Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. Wells Fargo & Company reiterated an “underweight” rating and issued a $85.00 price target on shares of Deckers Outdoor in a research report on Friday, July 24th. Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. Truist Financial lowered their price target on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Finally, Needham & Company LLC lowered their price target on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $113.32.

Deckers Outdoor Stock Performance

DECK traded up $4.31 on Thursday, hitting $87.13. 1,533,406 shares of the company were exchanged, compared to its average volume of 2,488,177. The business’s fifty day moving average is $84.74 and its 200 day moving average is $97.49. Deckers Outdoor has a fifty-two week low of $77.20 and a fifty-two week high of $122.29. The firm has a market capitalization of $11.87 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 1.30 and a beta of 1.12.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating 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 quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Analysts forecast that Deckers Outdoor will post 7.50 EPS for the current fiscal year.

Hedge Funds Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently modified their holdings of DECK. BlackRock Inc. acquired a new position in Deckers Outdoor during the 2nd quarter worth $1,343,613,000. Bank of New York Mellon Corp acquired a new position in Deckers Outdoor during the 2nd quarter worth $170,905,000. Caisse de depot et placement du Quebec acquired a new position in Deckers Outdoor during the 2nd quarter worth $119,656,000. Deutsche Bank AG acquired a new position in Deckers Outdoor during the 2nd quarter worth $100,620,000. Finally, Man Group plc acquired a new position in Deckers Outdoor during the 2nd quarter worth $82,448,000. Hedge funds and other 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.