Deckers Outdoor (NYSE:DECK) Rating Increased to Strong Sell at BMO Capital Markets

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

Other analysts have also recently issued reports about the company. Needham & Company LLC reduced their price target on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Argus set a $128.00 target price on shares of Deckers Outdoor in a research report on Friday, May 29th. Robert W. Baird reduced their target price on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. KGI Securities cut shares of Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 price target for the company. in a research report on Friday, May 22nd. Finally, Stifel Nicolaus set a $133.00 price target on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $114.80.

Deckers Outdoor Stock Down 0.5%

NYSE DECK opened at $79.81 on Tuesday. Deckers Outdoor has a twelve month low of $78.91 and a twelve month high of $122.29. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 1.25 and a beta of 1.15. The business’s fifty day moving average is $95.65 and its 200 day moving average is $102.01.

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

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System increased its position in Deckers Outdoor by 9,479.9% during the 2nd quarter. California State Teachers Retirement System now owns 21,355,790 shares of the textile maker’s stock valued at $2,120,416,000 after purchasing an additional 21,132,867 shares during the period. BlackRock Inc. acquired a new position in shares of Deckers Outdoor in the 2nd quarter worth approximately $1,343,613,000. Federated Hermes Inc. boosted its stake in shares of Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after purchasing an additional 2,485,338 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Deckers Outdoor by 0.5% in the 4th quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock valued at $285,380,000 after purchasing an additional 12,350 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Deckers Outdoor by 340.5% in the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after purchasing an additional 2,035,517 shares during the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Company Profile

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.