FY2024 Earnings Estimate for Deckers Outdoor Co. Issued By Telsey Advisory Group (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK) – Equities research analysts at Telsey Advisory Group raised their FY2024 earnings per share (EPS) estimates for Deckers Outdoor in a research report issued to clients and investors on Monday, May 20th. Telsey Advisory Group analyst D. Telsey now forecasts that the textile maker will earn $27.20 per share for the year, up from their prior estimate of $26.50. Telsey Advisory Group currently has a “Outperform” rating and a $985.00 target price on the stock. The consensus estimate for Deckers Outdoor’s current full-year earnings is $27.02 per share. Telsey Advisory Group also issued estimates for Deckers Outdoor’s FY2025 earnings at $30.12 EPS and FY2026 earnings at $34.28 EPS.

A number of other equities analysts also recently issued reports on the company. TD Cowen increased their price objective on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Evercore ISI started coverage on Deckers Outdoor in a research report on Thursday, February 15th. They issued an “outperform” rating and a $960.00 target price on the stock. Stifel Nicolaus lifted their target price on Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. Piper Sandler lifted their price objective on Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, KeyCorp assumed coverage on Deckers Outdoor in a research note on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $900.31.

Deckers Outdoor Stock Down 0.3 %

Shares of DECK stock opened at $900.14 on Tuesday. The stock has a fifty day moving average of $872.61 and a 200 day moving average of $789.59. Deckers Outdoor has a 52 week low of $424.36 and a 52 week high of $956.17. The firm has a market capitalization of $23.11 billion, a price-to-earnings ratio of 32.38, a PEG ratio of 1.59 and a beta of 1.05.

Institutional Trading of Deckers Outdoor

A number of hedge funds have recently modified their holdings of the stock. Contravisory Investment Management Inc. purchased a new position in shares of Deckers Outdoor in the first quarter valued at approximately $36,000. FinTrust Capital Advisors LLC increased its stake in Deckers Outdoor by 437.5% during the fourth quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after acquiring an additional 35 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth $33,000. EntryPoint Capital LLC increased its stake in Deckers Outdoor by 256.3% during the first quarter. EntryPoint Capital LLC now owns 57 shares of the textile maker’s stock worth $54,000 after acquiring an additional 41 shares during the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Deckers Outdoor during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Bonita C. Stewart sold 3,500 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total transaction of $3,048,885.00. Following the transaction, the director now directly owns 8,863 shares of the company’s stock, valued at approximately $7,720,647.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Bonita C. Stewart sold 3,500 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total value of $3,048,885.00. Following the transaction, the director now directly owns 8,863 shares of the company’s stock, valued at $7,720,647.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Powers sold 5,993 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total value of $4,938,891.23. Following the completion of the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $80,942,435.98. The disclosure for this sale can be found here. Insiders sold 15,486 shares of company stock worth $13,518,416 in the last three months. 0.70% of the stock is owned by insiders.

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