Deckers Outdoor (NYSE:DECK) Stock Rating Reaffirmed as Market Perform by Telsey Advisory Group

Deckers Outdoor (NYSE:DECK)‘s stock had its “market perform” rating restated by stock analysts at Telsey Advisory Group in a report issued on Thursday, Benzinga reports. They presently have a $105.00 price objective on the textile maker’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 26.83% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, July 24th. BMO Capital Markets assumed coverage on shares of Deckers Outdoor in a research report on Tuesday, September 8th. They issued an “underperform” rating and a $70.00 price target on the stock. Barclays set a $133.00 price target on shares of Deckers Outdoor and gave the company an “overweight” rating in a research note on Friday, July 24th. Needham & Company LLC dropped their price objective on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Finally, Robert W. Baird reduced their target price on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $114.42.

Deckers Outdoor Stock Down 1.5%

DECK opened at $82.79 on Thursday. The company has a market capitalization of $11.28 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 1.30 and a beta of 1.12. The firm has a 50-day simple moving average of $84.74 and a two-hundred day simple moving average of $97.49. Deckers Outdoor has a 52 week low of $77.20 and a 52 week high of $122.29.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (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 analysts’ expectations 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 was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $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 expect that Deckers Outdoor will post 7.50 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DECK. BlackRock Inc. purchased a new position in shares of Deckers Outdoor during the 2nd quarter worth about $1,343,613,000. Bank of New York Mellon Corp purchased a new stake in Deckers Outdoor in the 2nd quarter worth about $170,905,000. Caisse de depot et placement du Quebec bought a new stake in Deckers Outdoor in the second quarter worth about $119,656,000. Deutsche Bank AG purchased a new position in shares of Deckers Outdoor during the second quarter valued at approximately $100,620,000. Finally, Man Group plc purchased a new position in shares of Deckers Outdoor during the second quarter valued at approximately $82,448,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

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.