Deckers Outdoor Corporation (NYSE:DECK) Receives Average Rating of “Hold” from Brokerages

Deckers Outdoor Corporation (NYSE:DECK) has been assigned a consensus recommendation of “Hold” from the twenty-four brokerages that are currently covering the company, MarketBeat Ratings reports. Two research 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is $120.50.

DECK has been the subject of several research analyst reports. BTIG Research reiterated a “neutral” rating on shares of Deckers Outdoor in a research note on Friday, January 30th. Piper Sandler upgraded shares of Deckers Outdoor from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $95.00 to $100.00 in a report on Monday, May 18th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $92.00 price target (up from $81.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Deckers Outdoor in a report on Monday, April 20th. Finally, Zacks Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. lifted its position in shares of Deckers Outdoor by 374.1% during the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after buying an additional 2,485,338 shares in the last quarter. Norges Bank bought a new position in shares of Deckers Outdoor in the fourth quarter valued at approximately $252,729,000. AQR Capital Management LLC increased its position in shares of Deckers Outdoor by 340.5% during the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after acquiring an additional 2,035,517 shares during the last quarter. Viking Global Investors LP purchased a new stake in shares of Deckers Outdoor during the third quarter valued at approximately $175,058,000. Finally, Marshall Wace LLP lifted its holdings in Deckers Outdoor by 5,324.4% during the fourth quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker’s stock worth $155,309,000 after acquiring an additional 1,470,488 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

DECK stock opened at $114.24 on Friday. The company has a market capitalization of $15.87 billion, a P/E ratio of 16.23, a PEG ratio of 2.27 and a beta of 1.14. The company has a fifty day moving average price of $102.97 and a 200-day moving average price of $102.66. Deckers Outdoor has a 52-week low of $78.91 and a 52-week high of $126.50.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.15. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, sell-side analysts forecast that Deckers Outdoor will post 7.41 earnings per share for the current fiscal 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.