Deckers Outdoor Corporation (NYSE:DECK) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Deckers Outdoor Corporation (NYSE:DECK) have received an average recommendation of “Hold” from the twenty-four analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $121.1053.

DECK has been the subject of a number of recent research reports. KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, May 22nd. Needham & Company LLC reiterated a “buy” rating and set a $138.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $105.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. Zacks Research downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Piper Sandler upgraded Deckers Outdoor from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $95.00 to $100.00 in a research note on Monday, May 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DECK. Geneos Wealth Management Inc. boosted its stake in Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after purchasing an additional 215 shares during the period. Elyxium Wealth LLC bought a new position in Deckers Outdoor in the 4th quarter worth approximately $30,000. Rakuten Securities Inc. boosted its stake in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after purchasing an additional 100 shares during the period. Activest Wealth Management boosted its stake in Deckers Outdoor by 298.8% in the 4th quarter. Activest Wealth Management now owns 327 shares of the textile maker’s stock worth $34,000 after purchasing an additional 245 shares during the period. Finally, Hilton Head Capital Partners LLC bought a new position in Deckers Outdoor in the 4th quarter worth approximately $35,000. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $108.92 on Friday. Deckers Outdoor has a fifty-two week low of $78.91 and a fifty-two week high of $126.50. The business has a 50-day simple moving average of $103.74 and a two-hundred day simple moving average of $103.64. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 2.13 and a beta of 1.16.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.15. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.Deckers Outdoor’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, research analysts predict that Deckers Outdoor will post 7.44 earnings per share for the current year.

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.