Deckers Outdoor (NYSE:DECK) Reaches New 1-Year Low – Should You Sell?

Deckers Outdoor Corporation (NYSE:DECK)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $78.80 and last traded at $79.0660, with a volume of 1259336 shares changing hands. The stock had previously closed at $81.27.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Needham & Company LLC dropped their target price on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Wells Fargo & Company restated an “underweight” rating and set a $85.00 price target on shares of Deckers Outdoor in a research report on Friday, July 24th. Sanford C. Bernstein restated a “market perform” rating and set a $105.00 price target on shares of Deckers Outdoor in a research report on Friday, May 22nd. Argus set a $128.00 target price on shares of Deckers Outdoor in a research report on Friday, May 29th. Finally, Stifel Nicolaus set a $133.00 price target on Deckers Outdoor and gave the company a “buy” rating in a report on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $114.80.

Deckers Outdoor Stock Performance

The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 1.25 and a beta of 1.15. The company’s 50 day simple moving average is $94.10 and its 200 day simple moving average is $101.18.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the firm posted $0.93 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Sell-side analysts predict that Deckers Outdoor Corporation will post 7.5 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DECK. BlackRock Inc. acquired a new position in shares of Deckers Outdoor in the 2nd quarter worth $1,343,613,000. Norges Bank purchased a new stake in Deckers Outdoor during the fourth quarter valued at about $252,729,000. Bank of New York Mellon Corp purchased a new stake in Deckers Outdoor during the second quarter valued at about $170,905,000. Caisse de depot et placement du Quebec acquired a new position in shares of Deckers Outdoor in the second quarter worth about $119,656,000. Finally, Deutsche Bank AG acquired a new position in shares of Deckers Outdoor in the second quarter worth about $100,620,000. 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.