Deckers Outdoor Corporation (NYSE:DECK) Receives Consensus Recommendation of “Hold” from Analysts

Deckers Outdoor Corporation (NYSE:DECK) has received an average recommendation of “Hold” from the twenty-four research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $114.42.

A number of brokerages recently issued reports on DECK. 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 price objective for the company. Needham & Company LLC decreased their target price on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the company a “buy” rating in a report on Friday, July 24th. UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, September 11th. Finally, KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, July 24th.

Deckers Outdoor Stock Performance

NYSE DECK opened at $80.20 on Thursday. The company has a market capitalization of $10.93 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12. The business’s fifty day moving average is $87.22 and its 200 day moving average is $98.39. Deckers Outdoor has a fifty-two week low of $77.20 and a fifty-two week high of $122.29.

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

Hedge Funds Weigh In On Deckers Outdoor

Several large investors have recently made changes to their positions in the business. Orion Capital Management LLC purchased a new stake in shares of Deckers Outdoor during the second quarter worth about $30,000. Hilton Head Capital Partners LLC purchased a new position in Deckers Outdoor in the 4th quarter worth approximately $35,000. Continuum Advisory LLC bought a new position in Deckers Outdoor in the 2nd quarter worth approximately $38,000. Westfuller Advisors LLC boosted its stake in Deckers Outdoor by 28,000.0% in the 1st quarter. Westfuller Advisors LLC now owns 562 shares of the textile maker’s stock worth $56,000 after purchasing an additional 560 shares during the period. Finally, State of Wyoming purchased a new stake in Deckers Outdoor during the 2nd quarter valued at approximately $63,000. 97.79% of the stock is currently 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.