Deckers Outdoor Corporation (NYSE:DECK) Receives $117.16 Average Target Price from Analysts

Deckers Outdoor Corporation (NYSE:DECK) has been given an average recommendation of “Hold” by the twenty-five analysts that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $114.80.

A number of equities analysts have recently issued reports on DECK shares. Sanford C. Bernstein reissued a “market perform” rating and set a $105.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Barclays set a $133.00 price target on Deckers Outdoor and gave the stock an “overweight” rating in a research note on Friday, July 24th. Telsey Advisory Group cut their price target on Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating on the stock in a report on Friday, July 24th. Robert W. Baird reduced their price objective on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Finally, Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Revolve Wealth Partners LLC purchased a new position in shares of Deckers Outdoor in the 4th quarter worth about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Deckers Outdoor by 3.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after buying an additional 522 shares during the last quarter. Empowered Funds LLC raised its position in Deckers Outdoor by 165.6% in the first quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after acquiring an additional 6,384 shares during the period. Focus Partners Wealth raised its position in Deckers Outdoor by 8.1% in the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after acquiring an additional 521 shares during the period. Finally, Marshall Wace LLP boosted its stake in Deckers Outdoor by 163.2% in the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock valued at $1,062,000 after acquiring an additional 6,391 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

NYSE:DECK opened at $81.39 on Friday. The firm’s 50 day simple moving average is $95.18 and its 200 day simple moving average is $101.87. Deckers Outdoor has a one year low of $78.91 and a one year high of $122.29. The company has a market cap of $11.08 billion, a PE ratio of 11.54, a P/E/G ratio of 1.26 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the company earned $0.93 EPS. Deckers Outdoor’s revenue for the quarter 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. Equities research analysts expect that Deckers Outdoor will post 7.5 EPS for the current year.

About Deckers Outdoor

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.