Analysts Set Deckers Outdoor Corporation (NYSE:DECK) PT at $117.16

Shares of Deckers Outdoor Corporation (NYSE:DECK) have earned a consensus rating of “Hold” from the twenty-four ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $117.1579.

Several brokerages recently commented on DECK. Piper Sandler reissued a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Raymond James Financial lowered shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 price objective on the stock. in a research report on Thursday, April 23rd. Robert W. Baird decreased their target price on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. KGI Securities lowered shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target on the stock. in a research note on Friday, May 22nd. Finally, UBS Group restated a “buy” rating on shares of Deckers Outdoor in a report on Friday, July 24th.

Deckers Outdoor Stock Performance

DECK stock opened at $92.85 on Wednesday. The firm has a 50 day simple moving average of $103.37 and a 200 day simple moving average of $105.51. Deckers Outdoor has a 52 week low of $78.91 and a 52 week high of $125.45. The stock has a market cap of $12.64 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.74 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Sell-side analysts predict that Deckers Outdoor will post 7.5 EPS for the current year.

Hedge Funds Weigh In On Deckers Outdoor

Several hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its holdings in Deckers Outdoor by 330.8% during the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 215 shares during the last quarter. Elyxium Wealth LLC bought a new position in Deckers Outdoor in the 4th quarter worth $30,000. Rakuten Securities Inc. lifted its position in Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares during the last quarter. Activest Wealth Management lifted its position in Deckers Outdoor by 298.8% during the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after acquiring an additional 245 shares during the last quarter. Finally, Hilton Head Capital Partners LLC bought a new stake in Deckers Outdoor during the fourth quarter valued at about $35,000. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.