Deckers Outdoor (NYSE:DECK) Earns Market Perform Rating from Telsey Advisory Group

Deckers Outdoor (NYSE:DECK)‘s stock had its “market perform” rating reaffirmed by Telsey Advisory Group in a report issued on Thursday, Benzinga reports. They currently have a $105.00 price target on the textile maker’s stock. Telsey Advisory Group’s target price would suggest a potential upside of 20.29% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Needham & Company LLC reduced their price target on shares of Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Robert W. Baird reduced their price target on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Wells Fargo & Company reissued an “underweight” rating and issued a $85.00 price target on shares of Deckers Outdoor in a research note on Friday, July 24th. UBS Group reaffirmed a “buy” rating on shares of Deckers Outdoor in a research note on Friday, September 11th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of “Hold” and a consensus price target of $111.84.

Deckers Outdoor Stock Performance

Deckers Outdoor stock opened at $87.29 on Thursday. The company’s 50 day simple moving average is $84.07 and its 200-day simple moving average is $97.28. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.33 and a beta of 1.12. Deckers Outdoor has a 1 year low of $77.20 and a 1 year high of $122.29.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities analysts expect that Deckers Outdoor will post 7.50 earnings per share for the current year.

Institutional Investors Weigh In On Deckers Outdoor

Several large investors have recently added to or reduced their stakes in DECK. BlackRock Inc. acquired a new stake in Deckers Outdoor during the 2nd quarter worth $1,343,613,000. Bank of New York Mellon Corp acquired a new stake in Deckers Outdoor during the 2nd quarter worth $170,905,000. Caisse de depot et placement du Quebec acquired a new stake in Deckers Outdoor during the 2nd quarter worth $119,656,000. Deutsche Bank AG acquired a new stake in Deckers Outdoor during the 2nd quarter worth $100,620,000. Finally, Man Group plc acquired a new stake in Deckers Outdoor during the 2nd quarter worth $82,448,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

About Deckers Outdoor

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.