Deckers Outdoor Corporation (NYSE:DECK) Stock Has Average Price Target of $114.42 According to Brokerages

Key Points

• Analyst consensus is “Hold”: Of 24 analysts covering Deckers Outdoor, 12 recommend holding, nine recommend buying and three recommend selling. The average 12-month price target is $114.42, above the stock’s reported $78.24 opening price.
• Deckers beat quarterly EPS estimates, reporting $0.94 versus the $0.88 consensus, while revenue reached $1.02 billion and increased 5.7% year over year.
• Institutional ownership is substantial: Hedge funds and other institutional investors own 97.79% of the stock, with major new positions reported by BlackRock, Norges Bank and Bank of New York Mellon.

Shares of Deckers Outdoor Corporation (NYSE:DECK - Get Free Report) have been assigned a consensus rating of "Hold" from the twenty-four analysts that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $114.42.

DECK has been the topic of several research analyst reports. Barclays set a $133.00 price objective on Deckers Outdoor and gave the company an "overweight" rating in a research report on Friday, July 24th. Stifel Nicolaus set a $133.00 target price on Deckers Outdoor and gave the stock a "buy" rating in a research report on Friday, July 24th. UBS Group reissued a "buy" rating on shares of Deckers Outdoor in a research note on Friday, September 11th. KeyCorp reissued a "sector weight" rating on shares of Deckers Outdoor in a report on Friday, July 24th. Finally, Truist Financial cut their price objective on shares of Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating for the company in a report on Friday, July 24th.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $78.24 on Thursday. Deckers Outdoor has a 1 year low of $77.20 and a 1 year high of $122.29. The firm's 50-day moving average is $88.24 and its 200 day moving average is $98.87. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.21 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its 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 business 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%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, equities analysts expect that Deckers Outdoor will post 7.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Deckers Outdoor in the second quarter worth about $1,343,613,000. Norges Bank purchased a new position in Deckers Outdoor during the 4th quarter valued at approximately $252,729,000. Bank of New York Mellon Corp purchased a new position in Deckers Outdoor during the 2nd quarter valued at approximately $170,905,000. Caisse de depot et placement du Quebec bought a new stake in Deckers Outdoor in the 2nd quarter worth approximately $119,656,000. Finally, Deutsche Bank AG bought a new stake in Deckers Outdoor in the 2nd quarter worth approximately $100,620,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

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.

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