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

Shares of Deckers Outdoor Corporation (NYSE:DECK) have received an average recommendation of “Hold” from the twenty-four research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $117.1579.

Several research firms have recently issued reports on DECK. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Telsey Advisory Group reduced their target price on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research note on Friday, July 24th. UBS Group reiterated a “buy” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $85.00 target price on shares of Deckers Outdoor in a report on Friday, July 24th. Finally, Barclays set a $133.00 price target on Deckers Outdoor and gave the company an “overweight” rating in a research report on Friday, July 24th.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $92.85 on Wednesday. The firm’s 50-day simple moving average is $103.37 and its 200 day simple moving average is $105.54. Deckers Outdoor has a fifty-two week low of $78.91 and a fifty-two week high of $125.45. The stock has a market cap of $12.64 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 1.73 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the firm posted $0.93 EPS. Deckers Outdoor’s quarterly revenue was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, sell-side analysts predict that Deckers Outdoor will post 7.5 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Revolve Wealth Partners LLC purchased a new position in shares of Deckers Outdoor in the fourth quarter worth about $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Deckers Outdoor by 3.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after buying an additional 522 shares in the last quarter. Empowered Funds LLC raised its position in shares of Deckers Outdoor by 165.6% in the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after acquiring an additional 6,384 shares in the last quarter. Focus Partners Wealth raised its holdings in Deckers Outdoor by 8.1% in the first quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock worth $773,000 after purchasing an additional 521 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Deckers Outdoor by 163.2% during the 2nd quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock valued at $1,062,000 after acquiring an additional 6,391 shares during the period. 97.79% of the stock is currently owned by institutional investors.

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.