Deckers Outdoor (NYSE:DECK) Raised to “Strong Sell” at BMO Capital Markets

Deckers Outdoor (NYSE:DECK) was upgraded by equities researchers at BMO Capital Markets to a “strong sell” rating in a research report issued on Tuesday, Zacks reports.

Other equities research analysts also recently issued reports about the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $105.00 price target on shares of Deckers Outdoor in a report on Friday, May 22nd. KGI Securities downgraded Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price for the company. in a research report on Friday, May 22nd. Wells Fargo & Company reissued an “underweight” rating and set a $85.00 target price on shares of Deckers Outdoor in a research note on Friday, July 24th. Barclays set a $133.00 price target on shares of Deckers Outdoor and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the stock a “buy” rating in a research note on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Hold” and a consensus target price of $114.80.

Deckers Outdoor Stock Performance

NYSE DECK opened at $79.81 on Tuesday. The stock has a 50 day moving average price of $95.65 and a 200-day moving average price of $102.01. Deckers Outdoor has a one year low of $78.91 and a one year high of $122.29. The company has a market capitalization of $10.87 billion, a P/E ratio of 11.32, a P/E/G ratio of 1.25 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, equities analysts predict that Deckers Outdoor will post 7.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Danske Bank A S bought a new position in Deckers Outdoor during the 2nd quarter valued at approximately $46,235,000. Private Wealth Advisors LLC bought a new stake in Deckers Outdoor in the second quarter worth $4,634,000. ProShare Advisors LLC boosted its holdings in Deckers Outdoor by 52.5% in the fourth quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker’s stock worth $4,356,000 after acquiring an additional 14,470 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Deckers Outdoor in the second quarter worth $1,870,000. Finally, Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor in the fourth quarter worth $247,000. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

About Deckers Outdoor

Deckers Outdoor Corporation (NYSE: DECK) designs, markets and distributes branded footwear, apparel and accessories. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, a performance and lifestyle footwear brand; Teva, which specializes in outdoor and adventure sandals and footwear; and Koolaburra by UGG, which offers accessible casual footwear and related products.

The company sells its products through department and specialty stores, independent retailers, digital commerce platforms and its own brand websites and retail stores.