Deckers Outdoor’s (DECK) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Deckers Outdoor (NYSE:DECK) in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a $105.00 target price on the textile maker’s stock.

A number of other brokerages have also recently commented on DECK. Robert W. Baird dropped their target price on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Stifel Nicolaus set a $133.00 target price on Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 24th. Wells Fargo & Company restated an “underweight” rating and set a $85.00 price target on shares of Deckers Outdoor in a report on Friday, July 24th. Weiss Ratings downgraded Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. Finally, Truist Financial dropped their price objective on shares of Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Deckers Outdoor presently has an average rating of “Hold” and an average price target of $111.84.

Deckers Outdoor Trading Down 1.2%

Shares of NYSE:DECK opened at $85.50 on Thursday. Deckers Outdoor has a 12 month low of $77.20 and a 12 month high of $122.29. The company has a 50-day moving average price of $84.27 and a 200 day moving average price of $97.35. The company has a market cap of $11.65 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.33 and a beta of 1.12.

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

Institutional Trading of Deckers Outdoor

Several institutional investors have recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. boosted its position in shares of Deckers Outdoor by 1,794.9% during the third quarter. Brown Lisle Cummings Inc. now owns 2,596 shares of the textile maker’s stock valued at $203,000 after buying an additional 2,459 shares during the period. IFP Advisors Inc grew its stake in shares of Deckers Outdoor by 72.5% during the third quarter. IFP Advisors Inc now owns 14,121 shares of the textile maker’s stock valued at $1,103,000 after buying an additional 5,933 shares during the last quarter. Kintegral Advisory LLC raised its holdings in shares of Deckers Outdoor by 35.9% in the third quarter. Kintegral Advisory LLC now owns 25,941 shares of the textile maker’s stock worth $2,027,000 after buying an additional 6,850 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of Deckers Outdoor by 55.8% in the third quarter. Vontobel Holding Ltd. now owns 11,210 shares of the textile maker’s stock worth $876,000 after buying an additional 4,015 shares during the period. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Deckers Outdoor by 2,708.0% in the third quarter. TD Waterhouse Canada Inc. now owns 30,663 shares of the textile maker’s stock worth $2,396,000 after buying an additional 29,571 shares during the period. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands, is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual lifestyle products; HOKA, which develops performance running and outdoor footwear; and Teva, which offers outdoor and adventure sandals and footwear. The company also markets Koolaburra by UGG and other product lines.

Deckers sells its products through company-owned retail stores, e-commerce websites, wholesale accounts and selected distributors.