Deckers Outdoor (NYSE:DECK) Given "Market Perform" Rating at Telsey Advisory Group

Key Points

• Telsey Advisory Group reaffirmed its “Market Perform” rating on Deckers Outdoor and set a $105 price target, implying 23.13% upside from the prior close.
• Analyst sentiment remains mixed: nine analysts rate the stock a Buy, twelve a Hold and three a Sell, producing a consensus rating of “Hold” and an average price target of $114.42.
• Deckers shares rose 3.0% to $85.28, while the company reported quarterly EPS of $0.94, beating estimates of $0.88, and revenue of $1.02 billion, up 5.7% year over year.

Deckers Outdoor (NYSE:DECK - Get Free Report)'s stock had its "market perform" rating reissued by analysts at Telsey Advisory Group in a research note issued to investors on Thursday, Benzinga reports. They currently have a $105.00 price objective on the textile maker's stock. Telsey Advisory Group's price objective would suggest a potential upside of 23.13% from the company's previous close.

Several other analysts have also issued reports on the company. Weiss Ratings lowered Deckers Outdoor from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, September 3rd. Needham & Company LLC cut their target price on Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $85.00 target price on shares of Deckers Outdoor in a research note on Friday, July 24th. BMO Capital Markets started coverage on Deckers Outdoor in a research note on Tuesday, September 8th. They issued an "underperform" rating and a $70.00 target price for the company. Finally, UBS Group reaffirmed a "buy" rating on shares of Deckers Outdoor in a research note on Friday, September 11th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $114.42.

Deckers Outdoor Stock Up 3.0%

Shares of DECK stock traded up $2.46 during trading on Thursday, hitting $85.28. The company had a trading volume of 271,957 shares, compared to its average volume of 2,481,189. The stock's 50-day moving average is $84.74 and its two-hundred day moving average is $97.49. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.30 and a beta of 1.12. Deckers Outdoor has a 52 week low of $77.20 and a 52 week high of $122.29.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. The company had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.02 billion. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. Deckers Outdoor's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, research analysts predict that Deckers Outdoor will post 7.50 EPS for the current fiscal year.

Institutional Trading of Deckers Outdoor

A number of institutional investors have recently made changes to their positions in DECK. HBW Advisory Services LLC increased its holdings in shares of Deckers Outdoor by 70.0% during the third quarter. HBW Advisory Services LLC now owns 3,010 shares of the textile maker's stock valued at $235,000 after acquiring an additional 1,239 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Deckers Outdoor by 82.0% during the third quarter. Mather Group LLC. now owns 6,223 shares of the textile maker's stock valued at $486,000 after acquiring an additional 2,804 shares in the last quarter. Triumph Capital Management increased its holdings in shares of Deckers Outdoor by 4,487.5% during the third quarter. Triumph Capital Management now owns 1,101 shares of the textile maker's stock valued at $86,000 after acquiring an additional 1,077 shares in the last quarter. Sanders Morris Harris LLC bought a new position in shares of Deckers Outdoor during the third quarter valued at $563,000. Finally, ABLE Financial Group LLC increased its holdings in shares of Deckers Outdoor by 21.9% during the third quarter. ABLE Financial Group LLC now owns 24,349 shares of the textile maker's stock valued at $1,903,000 after acquiring an additional 4,370 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

About Deckers Outdoor

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.