Zacks Research Forecasts Deckers Outdoor Q1 Earnings

Deckers Outdoor Corporation (NYSE:DECK) – Stock analysts at Zacks Research increased their Q1 2029 earnings per share estimates for shares of Deckers Outdoor in a report issued on Wednesday, November 11th. Zacks Research analyst Team now anticipates that the textile maker will post earnings per share of $1.21 for the quarter, up from their prior estimate of $1.18. The consensus estimate for Deckers Outdoor’s current full-year earnings is $7.80 per share.

Several other research firms also recently weighed in on DECK. The Goldman Sachs Group reiterated a “sell” rating and set a $75.00 target price (down from $86.00) on shares of Deckers Outdoor in a research report on Friday, October 23rd. Needham & Company LLC cut their price target on shares of Deckers Outdoor from $125.00 to $96.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Sanford C. Bernstein cut their price target on shares of Deckers Outdoor from $105.00 to $100.00 in a report on Friday, October 23rd. Evercore reduced their price target on shares of Deckers Outdoor from $108.00 to $90.00 in a research note on Friday, October 23rd. Finally, Robert W. Baird set a $95.00 price objective on shares of Deckers Outdoor in a report on Friday, October 23rd. Ten research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $103.86.

Deckers Outdoor Stock Down 4.4%

Shares of Deckers Outdoor stock opened at $84.52 on Friday. The stock’s fifty day moving average is $82.55 and its two-hundred day moving average is $98.65. Deckers Outdoor has a 52 week low of $77.20 and a 52 week high of $122.29. The company has a market capitalization of $11.28 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 22nd. The textile maker reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.52. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the business earned $1.82 EPS. Deckers Outdoor’s revenue was up 3.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cim LLC raised its position in Deckers Outdoor by 1.1% during the 1st quarter. Cim LLC now owns 12,207 shares of the textile maker’s stock valued at $1,222,000 after purchasing an additional 133 shares in the last quarter. Tema ETFs LLC grew its position in shares of Deckers Outdoor by 5.6% during the 2nd quarter. Tema ETFs LLC now owns 2,734 shares of the textile maker’s stock worth $271,000 after buying an additional 145 shares in the last quarter. Greenleaf Trust grew its position in shares of Deckers Outdoor by 4.9% during the 2nd quarter. Greenleaf Trust now owns 3,186 shares of the textile maker’s stock worth $316,000 after buying an additional 150 shares in the last quarter. Assetmark Inc. increased its stake in shares of Deckers Outdoor by 3.2% during the first quarter. Assetmark Inc. now owns 5,365 shares of the textile maker’s stock valued at $537,000 after buying an additional 166 shares during the period. Finally, 180 Wealth Advisors LLC increased its stake in shares of Deckers Outdoor by 2.9% during the second quarter. 180 Wealth Advisors LLC now owns 5,859 shares of the textile maker’s stock valued at $582,000 after buying an additional 166 shares during the period. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

About Deckers Outdoor

Deckers Outdoor Corporation designs, markets and distributes footwear, apparel and accessories through a portfolio of consumer brands. Its best-known brands include UGG, HOKA and Teva, which serve customers seeking products for lifestyle, performance and outdoor use. Founded in 1973 in California, Deckers began as a maker of sandals. The company now sells its products worldwide through wholesale partners as well as its own retail stores and e-commerce channels, serving markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.