Deckers Outdoor (NYSE:DECK) Upgraded by Stifel Nicolaus to “Buy” Rating

Deckers Outdoor (NYSE:DECK) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a $117.00 price target on the textile maker’s stock. Stifel Nicolaus’ price objective points to a potential upside of 45.06% from the company’s previous close.

DECK has been the subject of a number of other reports. Bank of America increased their price objective on Deckers Outdoor from $120.00 to $122.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Wells Fargo & Company lowered their price objective on shares of Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, October 24th. Jefferies Financial Group cut their price target on shares of Deckers Outdoor from $114.00 to $107.00 and set a “hold” rating on the stock in a research report on Thursday, October 23rd. Finally, Evercore ISI decreased their price objective on Deckers Outdoor from $115.00 to $110.00 and set an “in-line” rating for the company in a report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $117.58.

Deckers Outdoor Stock Down 2.6%

Shares of DECK stock opened at $80.66 on Tuesday. Deckers Outdoor has a 12-month low of $78.91 and a 12-month high of $223.98. The firm has a fifty day moving average of $98.35 and a 200-day moving average of $105.67. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 3.79 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.24. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 EPS. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, equities analysts expect that Deckers Outdoor will post 5.89 EPS for the current year.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the sale, the director directly owned 10,979 shares in the company, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Angela Ogbechie sold 1,460 shares of Deckers Outdoor stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $81.45, for a total value of $118,917.00. Following the transaction, the insider owned 34,020 shares of the company’s stock, valued at $2,770,929. The trade was a 4.11% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds have recently added to or reduced their stakes in the business. American National Bank & Trust increased its holdings in shares of Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 106 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Deckers Outdoor by 2,440.0% during the 3rd quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after buying an additional 244 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Deckers Outdoor by 330.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after buying an additional 215 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Deckers Outdoor during the 3rd quarter worth about $30,000. Finally, CVA Family Office LLC grew its stake in Deckers Outdoor by 137.4% in the 2nd quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock valued at $32,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.