Deckers Outdoor Corporation (NYSE:DECK) Given Average Recommendation of “Hold” by Brokerages

Shares of Deckers Outdoor Corporation (NYSE:DECK) have earned a consensus recommendation of “Hold” from the twenty-four ratings firms that are covering the company, Marketbeat reports. Two equities 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 12 month target price among analysts that have updated their coverage on the stock in the last year is $121.1053.

Several brokerages have recently issued reports on DECK. Piper Sandler reiterated a “neutral” rating on shares of Deckers Outdoor in a research note on Thursday, June 11th. Stifel Nicolaus set a $144.00 target price on shares of Deckers Outdoor in a research note on Friday, May 29th. Telsey Advisory Group set a $113.00 price target on shares of Deckers Outdoor in a report on Friday, May 22nd. Needham & Company LLC reissued a “buy” rating and issued a $138.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 22nd. Finally, UBS Group lifted their price objective on shares of Deckers Outdoor from $145.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd.

Institutional Trading of Deckers Outdoor

A number of institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. lifted its position in shares of Deckers Outdoor by 45.5% during the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Costello Asset Management INC grew its position in shares of Deckers Outdoor by 14.3% in the 1st quarter. Costello Asset Management INC now owns 800 shares of the textile maker’s stock valued at $80,000 after buying an additional 100 shares during the last quarter. Hilton Head Capital Partners LLC raised its stake in Deckers Outdoor by 29.8% during the 1st quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock worth $44,000 after acquiring an additional 101 shares in the last quarter. GW Henssler & Associates Ltd. raised its stake in Deckers Outdoor by 5.8% during the 4th quarter. GW Henssler & Associates Ltd. now owns 2,159 shares of the textile maker’s stock worth $224,000 after acquiring an additional 118 shares in the last quarter. Finally, Cim LLC lifted its position in Deckers Outdoor by 1.1% in the first quarter. Cim LLC now owns 12,207 shares of the textile maker’s stock valued at $1,222,000 after acquiring an additional 133 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Trading Down 2.3%

Shares of NYSE DECK opened at $106.50 on Friday. The stock has a market capitalization of $14.79 billion, a PE ratio of 15.13, a PEG ratio of 2.15 and a beta of 1.17. Deckers Outdoor has a twelve month low of $78.91 and a twelve month high of $126.50. The stock has a fifty day simple moving average of $105.55 and a 200-day simple moving average of $106.18.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.15. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.09 billion. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.Deckers Outdoor’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. On average, equities analysts predict that Deckers Outdoor will post 7.46 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.