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 equities researchers at Telsey Advisory Group in a research note issued to investors on Thursday, Benzinga reports. They presently have a $105.00 price objective on the textile maker’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 20.63% from the company’s previous close.

DECK has been the topic of a number of other research reports. KeyCorp reiterated a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Truist Financial lowered their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Wells Fargo & Company reiterated an “underweight” rating and set a $85.00 target price on shares of Deckers Outdoor in a research note on Friday, July 24th. Weiss Ratings lowered Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd. Finally, BMO Capital Markets started coverage on Deckers Outdoor in a research note on Tuesday, September 8th. They set an “underperform” rating and a $70.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $113.32.

Deckers Outdoor Trading Up 5.1%

NYSE:DECK traded up $4.23 on Thursday, hitting $87.05. The company’s stock had a trading volume of 1,938,404 shares, compared to its average volume of 2,490,341. The stock has a fifty day moving average of $84.74 and a two-hundred day moving average of $97.49. The firm has a market capitalization of $11.86 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 1.30 and a beta of 1.12. Deckers Outdoor has a one year low of $77.20 and a one year high of $122.29.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating 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%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, sell-side analysts anticipate that Deckers Outdoor will post 7.50 EPS for the current year.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds have recently added to or reduced their stakes in DECK. Orion Capital Management LLC acquired a new stake in shares of Deckers Outdoor in the second quarter valued at about $30,000. Continuum Advisory LLC acquired a new stake in shares of Deckers Outdoor in the second quarter valued at about $38,000. Hilton Head Capital Partners LLC increased its stake in shares of Deckers Outdoor by 29.8% in the first quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock valued at $44,000 after buying an additional 101 shares during the period. Toth Financial Advisory Corp increased its stake in shares of Deckers Outdoor by 785.7% in the third quarter. Toth Financial Advisory Corp now owns 620 shares of the textile maker’s stock valued at $48,000 after buying an additional 550 shares during the period. Finally, Westfuller Advisors LLC increased its stake in shares of Deckers Outdoor by 28,000.0% in the first quarter. Westfuller Advisors LLC now owns 562 shares of the textile maker’s stock valued at $56,000 after buying an additional 560 shares during the period. 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.