Deckers Outdoor Corporation (NYSE:DECK) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Deckers Outdoor has a consensus “Hold” rating from 24 analysts: 13 recommend holding, nine recommend buying and two recommend selling. The average 12-month price target is $117.16.
• Institutional investors own 97.79% of the company’s shares, with several major funds increasing their positions during the second quarter.
• Deckers exceeded quarterly earnings expectations, reporting $0.94 EPS versus the $0.88 consensus, while revenue rose 5.7% year over year to $1.02 billion. Shares opened at $85.87, below their 50-day and 200-day moving averages.

Shares of Deckers Outdoor Corporation (NYSE:DECK - Get Free Report) have earned a consensus recommendation of "Hold" from the twenty-four ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $117.1579.

A number of research analysts recently weighed in on the company. KeyCorp reiterated a "sector weight" rating on shares of Deckers Outdoor in a report on Friday, July 24th. Barclays set a $133.00 target price on Deckers Outdoor and gave the stock an "overweight" rating in a report on Friday, July 24th. Piper Sandler restated a "neutral" rating on shares of Deckers Outdoor in a report on Thursday, June 11th. Stifel Nicolaus set a $133.00 target price on Deckers Outdoor and gave the company a "buy" rating in a research note on Friday, July 24th. Finally, Argus set a $128.00 price target on Deckers Outdoor in a research report on Friday, May 29th.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently made changes to their positions in the business. Corient Private Wealth LP raised its stake in shares of Deckers Outdoor by 26.6% in the 2nd quarter. Corient Private Wealth LP now owns 39,602 shares of the textile maker's stock valued at $3,932,000 after purchasing an additional 8,333 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Deckers Outdoor in the second quarter worth about $49,327,000. California State Teachers Retirement System increased its holdings in Deckers Outdoor by 9,479.9% in the second quarter. California State Teachers Retirement System now owns 21,355,790 shares of the textile maker's stock valued at $2,120,416,000 after buying an additional 21,132,867 shares during the last quarter. Saudi Central Bank lifted its holdings in Deckers Outdoor by 84.7% during the 2nd quarter. Saudi Central Bank now owns 9,937 shares of the textile maker's stock worth $987,000 after buying an additional 4,557 shares during the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich lifted its holdings in Deckers Outdoor by 16.6% during the 2nd quarter. Munich Reinsurance Co Stock Corp in Munich now owns 168,273 shares of the textile maker's stock worth $16,708,000 after buying an additional 23,895 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

Deckers Outdoor Price Performance

NYSE:DECK opened at $85.87 on Friday. The firm has a 50 day simple moving average of $97.19 and a 200-day simple moving average of $103.12. The firm has a market cap of $11.69 billion, a PE ratio of 12.18, a P/E/G ratio of 1.33 and a beta of 1.15. Deckers Outdoor has a 1-year low of $78.91 and a 1-year high of $124.88.

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 for the quarter, topping 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 company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company posted $0.93 EPS. The business's revenue for the quarter 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. As a group, sell-side analysts expect that Deckers Outdoor will post 7.5 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source