Deckers Outdoor Corporation (NYSE:DECK) Given Average Rating of “Hold” by Analysts

Shares of Deckers Outdoor Corporation (NYSE:DECK) have received an average recommendation of “Hold” from the twenty-four analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $120.50.

A number of research analysts have weighed in on DECK shares. KGI Securities lowered Deckers Outdoor from an “outperform” rating to a “neutral” rating and set a $117.00 target price for the company. in a report on Friday, May 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Deckers Outdoor in a research report on Monday, April 20th. BTIG Research reaffirmed a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 30th. Truist Financial set a $125.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Barclays reiterated an “overweight” rating and issued a $141.00 target price (down from $143.00) on shares of Deckers Outdoor in a research note on Tuesday.

Deckers Outdoor Stock Down 0.1%

Shares of DECK stock opened at $114.24 on Friday. The firm has a market cap of $15.87 billion, a P/E ratio of 16.23, a PEG ratio of 2.27 and a beta of 1.14. The company has a 50 day moving average of $102.97 and a 200-day moving average of $102.66. Deckers Outdoor has a 12-month low of $78.91 and a 12-month high of $126.50.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.15. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, equities analysts expect that Deckers Outdoor will post 7.41 EPS for the current year.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. raised its position in Deckers Outdoor by 374.1% during the fourth 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 in the last quarter. Invesco Ltd. boosted its holdings 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 worth $285,380,000 after purchasing an additional 12,350 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Deckers Outdoor by 340.5% during 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. Norges Bank purchased a new position in shares of Deckers Outdoor during the 4th quarter valued at about $252,729,000. Finally, Bank of New York Mellon Corp lifted its position in Deckers Outdoor by 123.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker’s stock worth $180,464,000 after buying an additional 995,099 shares during the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

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.