Deckers Outdoor (NYSE:DECK) Upgraded to "Strong Sell" at BMO Capital Markets

Key Points

• BMO Capital Markets upgraded Deckers Outdoor to a “strong sell” rating. Other analysts remain mixed, with the stock carrying a consensus “Hold” rating and an average price target of $114.80.
• Deckers shares opened at $79.81, near their 52-week low of $78.91 and below both the 50-day ($95.65) and 200-day ($102.01) moving averages.
• The company’s latest quarter modestly exceeded expectations, reporting adjusted EPS of $0.94 versus the $0.88 consensus and revenue of $1.02 billion, up 5.7% year over year. Institutional investors and hedge funds own 97.79% of the stock.

Deckers Outdoor (NYSE:DECK - Get Free Report) was upgraded by research analysts at BMO Capital Markets to a "strong sell" rating in a research note issued to investors on Tuesday, Zacks reports.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company reissued an "underweight" rating and issued a $85.00 target price on shares of Deckers Outdoor in a report on Friday, July 24th. KeyCorp reaffirmed a "sector weight" rating on shares of Deckers Outdoor in a research note 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. KGI Securities lowered shares of Deckers Outdoor from an "outperform" rating to a "neutral" rating and set a $117.00 price objective on the stock. in a report on Friday, May 22nd. Finally, Barclays set a $133.00 target price on Deckers Outdoor and gave the stock an "overweight" rating in a report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $114.80.

Deckers Outdoor Trading Down 0.5%

Shares of Deckers Outdoor stock opened at $79.81 on Tuesday. Deckers Outdoor has a 1 year low of $78.91 and a 1 year high of $122.29. The company's fifty day simple moving average is $95.65 and its 200-day simple moving average is $102.01. The company has a market cap of $10.87 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.25 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, research analysts forecast that Deckers Outdoor will post 7.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deckers Outdoor

Large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in shares of Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock valued at $29,000 after acquiring an additional 215 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of Deckers Outdoor during the 4th quarter worth about $30,000. Orion Capital Management LLC bought a new stake in shares of Deckers Outdoor during the second quarter worth approximately $30,000. Rakuten Securities Inc. grew its holdings in Deckers Outdoor by 45.5% in the 2nd quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock valued at $33,000 after buying an additional 100 shares in the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Deckers Outdoor in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 97.79% of the company's stock.

About Deckers Outdoor

Deckers Outdoor Corporation NYSE: DECK designs, markets and distributes branded footwear, apparel and accessories. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, a performance and lifestyle footwear brand; Teva, which specializes in outdoor and adventure sandals and footwear; and Koolaburra by UGG, which offers accessible casual footwear and related products.

The company sells its products through department and specialty stores, independent retailers, digital commerce platforms and its own brand websites and retail stores.

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