Q1 EPS Estimate for Deckers Outdoor Lifted by Analyst

Key Points

• Zacks Research raised its Q1 2029 EPS estimate for Deckers Outdoor to $1.21 from $1.18; the full-year EPS consensus is $7.80.
• In its latest reported quarter, Deckers earned $2.31 per share, beating estimates of $1.79, while revenue of $1.48 billion fell short of the $1.51 billion consensus. Revenue increased 3.4% year over year.
• Analyst sentiment is mixed, with 10 Buy, 12 Hold, and 4 Sell ratings; the consensus rating is Hold and the average price target is $103.86.

Deckers Outdoor Corporation (NYSE:DECK - Free Report) - Equities researchers at Zacks Research boosted their Q1 2029 earnings per share estimates for Deckers Outdoor in a research report issued to clients and investors on Wednesday, November 11th. Zacks Research analyst Team now forecasts that the textile maker will earn $1.21 per share for the quarter, up from their prior estimate of $1.18. The consensus estimate for Deckers Outdoor's current full-year earnings is $7.80 per share.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The textile maker reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.79 by $0.52. The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.51 billion. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. The company's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 EPS.

DECK has been the topic of a number of other research reports. BMO Capital Markets reaffirmed an "underperform" rating on shares of Deckers Outdoor in a research note on Monday, October 26th. Raymond James Financial reduced their target price on shares of Deckers Outdoor from $105.00 to $92.00 in a report on Friday, October 23rd. Argus decreased their target price on shares of Deckers Outdoor from $128.00 to $102.00 and set a "buy" rating on the stock in a research report on Thursday, November 5th. UBS Group set a $137.00 price target on shares of Deckers Outdoor and gave the company a "buy" rating in a report on Friday, October 23rd. Finally, Stifel Nicolaus lowered their price target on shares of Deckers Outdoor from $133.00 to $113.00 and set a "buy" rating for the company in a report on Friday, October 23rd. Ten investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor currently has an average rating of "Hold" and a consensus target price of $103.86.

Deckers Outdoor Stock Performance

DECK stock opened at $84.52 on Friday. The firm has a fifty day moving average price of $82.55 and a 200 day moving average price of $98.65. Deckers Outdoor has a fifty-two week low of $77.20 and a fifty-two week high of $122.29. The firm has a market cap of $11.28 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Deckers Outdoor in the second quarter valued at $1,343,613,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Deckers Outdoor by 21.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,116,595 shares of the textile maker's stock worth $210,157,000 after purchasing an additional 374,923 shares during the period. Bank of New York Mellon Corp grew its holdings in Deckers Outdoor by 123.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker's stock valued at $180,464,000 after purchasing an additional 995,099 shares during the last quarter. Amundi grew its holdings in Deckers Outdoor by 13.2% during the 1st quarter. Amundi now owns 1,611,174 shares of the textile maker's stock valued at $161,262,000 after purchasing an additional 187,702 shares during the last quarter. Finally, Caisse de depot et placement du Quebec bought a new position in Deckers Outdoor during the 2nd quarter valued at about $119,656,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

About Deckers Outdoor

Deckers Outdoor Corporation designs, markets and distributes footwear, apparel and accessories through a portfolio of consumer brands. Its best-known brands include UGG, HOKA and Teva, which serve customers seeking products for lifestyle, performance and outdoor use. Founded in 1973 in California, Deckers began as a maker of sandals. The company now sells its products worldwide through wholesale partners as well as its own retail stores and e-commerce channels, serving markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.

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