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

Shares of Deckers Outdoor Corporation (NYSE:DECK) have received a consensus rating of “Hold” from the twenty-four brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $121.1053.

A number of equities analysts have recently weighed in on DECK shares. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $105.00 price objective on shares of Deckers Outdoor in a research note on Friday, May 22nd. Barclays restated an “overweight” rating and set a $141.00 target price (down from $143.00) on shares of Deckers Outdoor in a research report on Tuesday, May 26th. Argus set a $128.00 price target on shares of Deckers Outdoor in a report on Friday, May 29th. Needham & Company LLC reiterated a “buy” rating and issued a $138.00 price target on shares of Deckers Outdoor in a research note on Friday, May 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Deckers Outdoor in a report on Monday, April 20th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DECK. Federated Hermes Inc. raised its stake in Deckers Outdoor by 374.1% during the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after purchasing an additional 2,485,338 shares in the last quarter. Invesco Ltd. grew its stake in shares of Deckers Outdoor by 0.5% in the 4th quarter. Invesco Ltd. now owns 2,752,772 shares of the textile maker’s stock worth $285,380,000 after buying an additional 12,350 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Deckers Outdoor by 340.5% in the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after buying an additional 2,035,517 shares in the last quarter. Norges Bank bought a new stake in shares of Deckers Outdoor in the 4th quarter worth about $252,729,000. Finally, Bank of New York Mellon Corp raised its position in shares of Deckers Outdoor by 123.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker’s stock valued at $180,464,000 after buying an additional 995,099 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Stock Performance

DECK stock opened at $105.81 on Tuesday. The company has a market cap of $14.70 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 2.16 and a beta of 1.16. The business’s 50-day moving average is $106.21 and its two-hundred day moving average is $105.70. Deckers Outdoor has a fifty-two week low of $78.91 and a fifty-two week high of $126.50.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15. Deckers Outdoor had a net margin of 18.90% and a return on equity of 41.19%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. Equities analysts predict that Deckers Outdoor will post 7.45 earnings per share for the current year.

About Deckers Outdoor

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.