Analysts Set Deckers Outdoor Corporation (NYSE:DECK) PT at $121.11

Deckers Outdoor Corporation (NYSE:DECK) has been assigned an average recommendation of “Hold” from the twenty-four research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $121.1053.

Several research analysts have recently commented on DECK shares. KeyCorp reiterated a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, May 22nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. Zacks Research lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Stifel Nicolaus set a $144.00 target price on Deckers Outdoor in a research report on Friday, May 29th. Finally, Wells Fargo & Company lowered Deckers Outdoor from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $115.00 to $90.00 in a research report on Friday, May 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its position in Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares during the period. Elyxium Wealth LLC acquired a new position in Deckers Outdoor during the 4th quarter valued at approximately $30,000. Rakuten Securities Inc. boosted its position in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Activest Wealth Management boosted its position in Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC acquired a new position in Deckers Outdoor during the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Trading Up 1.9%

Shares of DECK opened at $104.51 on Tuesday. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.07 and a beta of 1.16. The stock has a 50 day moving average of $105.88 and a 200-day moving average of $105.84. Deckers Outdoor has a 52 week low of $78.91 and a 52 week high of $126.50.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, May 21st. The textile maker reported $0.96 EPS for the quarter, topping the consensus estimate of $0.81 by $0.15. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, sell-side analysts predict that Deckers Outdoor will post 7.45 earnings per share for the current fiscal 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.