Deckers Outdoor Corporation (NYSE:DECK) Stock Rated “Hold” by Sell-Side Analysts

Shares of Deckers Outdoor Corporation (NYSE:DECK) have earned a consensus rating of “Hold” from the twenty-four brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $114.42.

DECK has been the subject of a number of analyst reports. BMO Capital Markets started coverage on shares of Deckers Outdoor in a research report on Tuesday, September 8th. They issued an “underperform” rating and a $70.00 price objective for the company. Weiss Ratings lowered 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 note on Friday, July 24th. Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Finally, KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, July 24th.

Deckers Outdoor Price Performance

Shares of NYSE DECK opened at $80.29 on Thursday. Deckers Outdoor has a 1-year low of $77.20 and a 1-year high of $122.29. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.27 and a beta of 1.12. The business has a 50-day moving average of $86.30 and a 200-day moving average of $98.06.

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

Institutional Trading of Deckers Outdoor

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Deckers Outdoor during the second quarter valued at approximately $1,343,613,000. Norges Bank bought a new position in Deckers Outdoor during the 4th quarter worth approximately $252,729,000. Bank of New York Mellon Corp acquired a new position in shares of Deckers Outdoor in the 2nd quarter worth approximately $170,905,000. Caisse de depot et placement du Quebec acquired a new position in shares of Deckers Outdoor in the 2nd quarter worth approximately $119,656,000. Finally, Deutsche Bank AG bought a new stake in shares of Deckers Outdoor in the 2nd quarter valued at approximately $100,620,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

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.