FY2024 EPS Estimates for Deckers Outdoor Co. Lifted by Analyst (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK) – Wedbush upped their FY2024 EPS estimates for Deckers Outdoor in a research note issued on Monday, May 6th. Wedbush analyst T. Nikic now forecasts that the textile maker will post earnings per share of $27.25 for the year, up from their previous estimate of $26.50. Wedbush currently has a “Outperform” rating and a $1,000.00 price target on the stock. The consensus estimate for Deckers Outdoor’s current full-year earnings is $26.89 per share. Wedbush also issued estimates for Deckers Outdoor’s Q2 2025 earnings at $6.88 EPS and Q3 2025 earnings at $16.03 EPS.

Other research analysts have also issued reports about the company. Piper Sandler upped their target price on Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Wells Fargo & Company lifted their target price on shares of Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Evercore ISI began coverage on shares of Deckers Outdoor in a research note on Thursday, February 15th. They issued an “outperform” rating and a $960.00 target price on the stock. Telsey Advisory Group restated an “outperform” rating and set a $930.00 price target on shares of Deckers Outdoor in a research note on Thursday, February 15th. Finally, Barclays began coverage on Deckers Outdoor in a research note on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $889.00.

Deckers Outdoor Stock Down 1.0 %

Deckers Outdoor stock opened at $853.72 on Tuesday. Deckers Outdoor has a 12 month low of $424.36 and a 12 month high of $956.17. The stock has a market cap of $21.91 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05. The business has a 50 day moving average price of $877.33 and a two-hundred day moving average price of $767.06.

Hedge Funds Weigh In On Deckers Outdoor

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Deckers Outdoor in the third quarter worth about $234,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Deckers Outdoor by 3.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,754 shares of the textile maker’s stock valued at $902,000 after purchasing an additional 61 shares during the last quarter. Forsta AP Fonden grew its position in shares of Deckers Outdoor by 28.0% during the 3rd quarter. Forsta AP Fonden now owns 9,600 shares of the textile maker’s stock worth $4,935,000 after buying an additional 2,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Deckers Outdoor by 84.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,626 shares of the textile maker’s stock worth $16,773,000 after buying an additional 14,936 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in Deckers Outdoor in the third quarter valued at approximately $1,352,000. Institutional investors and hedge funds own 97.79% of the company’s stock.

Insiders Place Their Bets

In other news, insider Angela Ogbechie sold 313 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the completion of the sale, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Powers sold 5,993 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $922.85, for a total transaction of $5,530,640.05. Following the sale, the chief executive officer now directly owns 98,218 shares in the company, valued at $90,640,481.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,792 shares of company stock valued at $23,173,771. 0.70% of the stock is currently owned by corporate insiders.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.