Deckers Outdoor (NYSE:DECK – Get Rating) updated its FY 2023 earnings guidance on Thursday. The company provided earnings per share guidance of $17.40-$18.25 for the period, compared to the consensus earnings per share estimate of $18.34. The company issued revenue guidance of $3.45 billion-$3.50 billion, compared to the consensus revenue estimate of $3.45 billion.
Several equities analysts have commented on the company. Cowen upped their price target on Deckers Outdoor from $358.00 to $407.00 in a report on Friday, May 20th. Telsey Advisory Group lowered their price objective on Deckers Outdoor from $450.00 to $400.00 and set an outperform rating on the stock in a research note on Friday, May 20th. Stifel Nicolaus upped their price objective on Deckers Outdoor from $315.00 to $338.00 in a research note on Friday, May 20th. Zacks Investment Research upgraded Deckers Outdoor from a sell rating to a hold rating and set a $308.00 price objective on the stock in a research note on Wednesday, April 20th. Finally, Jefferies Financial Group lowered their price objective on Deckers Outdoor from $525.00 to $450.00 and set a buy rating on the stock in a research note on Friday, February 4th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $409.45.
NYSE DECK traded up $14.57 during trading hours on Thursday, reaching $262.16. 485,238 shares of the company’s stock were exchanged, compared to its average volume of 452,845. The stock has a market cap of $7.14 billion, a PE ratio of 16.08 and a beta of 0.84. Deckers Outdoor has a one year low of $212.93 and a one year high of $451.49. The firm has a fifty day moving average of $264.45 and a 200-day moving average of $313.85.
Institutional investors and hedge funds have recently made changes to their positions in the business. NEXT Financial Group Inc lifted its stake in shares of Deckers Outdoor by 580.0% in the 4th quarter. NEXT Financial Group Inc now owns 102 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 87 shares during the period. Covestor Ltd lifted its stake in shares of Deckers Outdoor by 96.7% in the 1st quarter. Covestor Ltd now owns 419 shares of the textile maker’s stock valued at $115,000 after purchasing an additional 206 shares during the period. CIBC World Markets Inc. acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at $306,000. Echo Street Capital Management LLC acquired a new position in shares of Deckers Outdoor in the 1st quarter valued at $382,000. Finally, Lido Advisors LLC lifted its stake in shares of Deckers Outdoor by 7.7% in the 1st quarter. Lido Advisors LLC now owns 1,685 shares of the textile maker’s stock valued at $461,000 after purchasing an additional 121 shares during the period. Hedge funds and other institutional investors own 96.81% of the company’s stock.
Deckers Outdoor Company Profile (Get Rating)
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. The company offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.
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