Deckers Outdoor Corporation (NYSE:DECK) Given Average Recommendation of “Hold” by Analysts

Shares of Deckers Outdoor Corporation (NYSE:DECK) have been assigned an average recommendation of “Hold” from the twenty-four ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $121.1053.

DECK has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $144.00 target price on shares of Deckers Outdoor in a research report on Friday, May 29th. KGI Securities lowered Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a report on Friday, May 22nd. Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Barclays reaffirmed an “overweight” rating and set a $141.00 target price (down from $143.00) on shares of Deckers Outdoor in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company downgraded shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $115.00 to $90.00 in a research report on Friday, May 8th.

Institutional Investors Weigh In On Deckers Outdoor

Several large investors have recently modified their holdings of DECK. Federated Hermes Inc. increased its holdings in Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after acquiring an additional 2,485,338 shares during the last quarter. Norges Bank purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at $252,729,000. AQR Capital Management LLC grew its position in Deckers Outdoor by 340.5% during the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after buying an additional 2,035,517 shares in the last quarter. Viking Global Investors LP purchased a new position in shares of Deckers Outdoor during the third quarter worth about $175,058,000. Finally, Marshall Wace LLP increased its holdings in shares of Deckers Outdoor by 5,324.4% in the 4th quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker’s stock worth $155,309,000 after buying an additional 1,470,488 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Trading Down 0.9%

NYSE:DECK opened at $102.36 on Friday. Deckers Outdoor has a 1-year low of $78.91 and a 1-year high of $126.50. The stock has a market cap of $14.22 billion, a P/E ratio of 14.54, a price-to-earnings-growth ratio of 2.04 and a beta of 1.17. The stock’s 50-day moving average is $106.05 and its 200-day moving average is $106.18.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.15. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, equities analysts forecast that Deckers Outdoor will post 7.46 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.