Deckers Outdoor’s (DECK) “Market Perform” Rating Reiterated at Telsey Advisory Group

Deckers Outdoor (NYSE:DECK)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a research note issued on Thursday, Benzinga reports. They presently have a $105.00 target price on the textile maker’s stock. Telsey Advisory Group’s target price suggests a potential upside of 21.41% from the stock’s current price.

DECK has been the topic of several other reports. UBS Group reissued a “buy” rating on shares of Deckers Outdoor in a research report on Friday, September 11th. Robert W. Baird lowered their target price on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Truist Financial lowered their target price on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Stifel Nicolaus set a $133.00 price target on Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor has a consensus rating of “Hold” and a consensus price target of $114.42.

Deckers Outdoor Trading Up 4.4%

Deckers Outdoor stock traded up $3.67 during mid-day trading on Thursday, hitting $86.49. 882,594 shares of the company’s stock were exchanged, compared to its average volume of 2,484,803. The stock has a market cap of $11.78 billion, a P/E ratio of 12.27, a P/E/G ratio of 1.30 and a beta of 1.12. Deckers Outdoor has a 1-year low of $77.20 and a 1-year high of $122.29. The stock has a 50 day moving average of $84.74 and a two-hundred day moving average of $97.49.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, July 23rd. The textile maker reported $0.94 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 the consensus estimate of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, research analysts predict that Deckers Outdoor will post 7.50 EPS for the current fiscal year.

Institutional Investors Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Deckers Outdoor during the second quarter worth about $1,343,613,000. Bank of New York Mellon Corp acquired a new stake in Deckers Outdoor during the second quarter worth about $170,905,000. Caisse de depot et placement du Quebec acquired a new stake in Deckers Outdoor during the second quarter worth about $119,656,000. Deutsche Bank AG acquired a new stake in Deckers Outdoor during the second quarter worth about $100,620,000. Finally, Man Group plc acquired a new stake in Deckers Outdoor during the second quarter worth about $82,448,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Company Profile

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.