Deckers Outdoor (NYSE:DECK) Sets New 1-Year Low – Time to Sell?

Deckers Outdoor Corporation (NYSE:DECK)’s stock price hit a new 52-week low during trading on Wednesday. The stock traded as low as $77.20 and last traded at $77.5620, with a volume of 984776 shares changing hands. The stock had previously closed at $77.68.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DECK shares. Needham & Company LLC reduced their price target on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Barclays set a $133.00 price target on Deckers Outdoor and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, BMO Capital Markets initiated coverage on Deckers Outdoor in a research report on Tuesday, September 8th. They set an “underperform” rating and a $70.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $114.42.

Deckers Outdoor Stock Performance

The business has a fifty day simple moving average of $88.73 and a 200-day simple moving average of $99.03. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.22 and a beta of 1.15.

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

Hedge Funds Weigh In On Deckers Outdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. raised its stake in shares of Deckers Outdoor by 668.3% during the second quarter. QRG Capital Management Inc. now owns 58,724 shares of the textile maker’s stock valued at $5,831,000 after acquiring an additional 51,081 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Deckers Outdoor in the second quarter valued at $396,000. Sequoia Financial Advisors LLC raised its position in Deckers Outdoor by 1.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,097 shares of the textile maker’s stock worth $1,003,000 after purchasing an additional 183 shares during the last quarter. Tidal Investments LLC raised its position in Deckers Outdoor by 37.9% during the 2nd quarter. Tidal Investments LLC now owns 48,934 shares of the textile maker’s stock worth $4,859,000 after purchasing an additional 13,445 shares during the last quarter. Finally, National Pension Service lifted its holdings in Deckers Outdoor by 2.8% during the 2nd quarter. National Pension Service now owns 114,926 shares of the textile maker’s stock worth $11,411,000 after buying an additional 3,173 shares during the period. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual lifestyle products; HOKA, which develops performance running and outdoor footwear; and Teva, which offers outdoor and adventure sandals and footwear. The company also markets Koolaburra by UGG and other product lines.

Deckers sells its products through company-owned retail stores, e-commerce websites, wholesale accounts and selected distributors.