Deckers Outdoor (NYSE:DECK) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Deckers Outdoor (NYSE:DECK) to a strong sell rating in a research report released on Tuesday morning,Zacks reports.

DECK has been the topic of a number of other reports. Telsey Advisory Group dropped their target price on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a report on Friday, July 24th. KeyCorp reiterated a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, July 24th. KGI Securities cut Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price objective for the company. in a research report on Friday, May 22nd. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $85.00 price objective on shares of Deckers Outdoor in a research report on Friday, July 24th. Finally, Needham & Company LLC reduced their target price on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Deckers Outdoor presently has a consensus rating of “Hold” and a consensus price target of $114.80.

Deckers Outdoor Trading Down 0.5%

NYSE:DECK opened at $79.81 on Tuesday. The stock has a market capitalization of $10.87 billion, a PE ratio of 11.32, a P/E/G ratio of 1.25 and a beta of 1.15. Deckers Outdoor has a 1-year low of $78.91 and a 1-year high of $122.29. The firm has a fifty day simple moving average of $95.65 and a 200 day simple moving average of $102.01.

Deckers Outdoor (NYSE:DECK) last posted its quarterly 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 analyst estimates of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, equities analysts predict that Deckers Outdoor will post 7.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its position in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after acquiring an additional 215 shares during the last quarter. Elyxium Wealth LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $30,000. Orion Capital Management LLC acquired a new position in shares of Deckers Outdoor in the second quarter valued at approximately $30,000. Rakuten Securities Inc. grew its position in shares of Deckers Outdoor by 45.5% in the second 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 last quarter. Finally, Hilton Head Capital Partners LLC bought a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

About Deckers Outdoor

Deckers Outdoor Corporation (NYSE: DECK) designs, markets and distributes branded footwear, apparel and accessories. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, a performance and lifestyle footwear brand; Teva, which specializes in outdoor and adventure sandals and footwear; and Koolaburra by UGG, which offers accessible casual footwear and related products.

The company sells its products through department and specialty stores, independent retailers, digital commerce platforms and its own brand websites and retail stores.