Q4 2024 EPS Estimates for Deckers Outdoor Co. Raised by Wedbush (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK - Free Report) - Equities research analysts at Wedbush raised their Q4 2024 earnings estimates for shares of Deckers Outdoor in a note issued to investors on Monday, May 6th. Wedbush analyst T. Nikic now expects that the textile maker will post earnings of $2.98 per share for the quarter, up from their previous forecast of $2.23. Wedbush currently has a "Outperform" rating and a $1,000.00 target price on the stock. The consensus estimate for Deckers Outdoor's current full-year earnings is $26.89 per share. Wedbush also issued estimates for Deckers Outdoor's Q1 2025 earnings at $3.05 EPS and Q4 2025 earnings at $3.32 EPS.

Several other equities research analysts also recently commented on DECK. Stifel Nicolaus upped their target price on shares of Deckers Outdoor from $709.00 to $775.00 and gave the company a "hold" rating in a research note on Friday, February 2nd. TD Cowen raised their price objective on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a "buy" rating in a research note on Thursday, April 18th. Truist Financial reissued a "hold" rating and issued a $864.00 target price (down from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $930.00 price target on shares of Deckers Outdoor in a research report on Thursday, February 15th. Finally, UBS Group lifted their price objective on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of "Moderate Buy" and a consensus price target of $889.00.

Deckers Outdoor Trading Down 1.0 %

Shares of DECK stock traded down $8.66 on Wednesday, reaching $853.72. The company had a trading volume of 280,759 shares, compared to its average volume of 414,345. The company has a 50-day moving average of $877.33 and a 200-day moving average of $767.06. Deckers Outdoor has a 12 month low of $424.36 and a 12 month high of $956.17. The stock has a market cap of $21.91 billion, a PE ratio of 30.71, a PEG ratio of 1.49 and a beta of 1.05.

Insider Activity at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of the company's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the sale, the chief executive officer now owns 98,218 shares in the company, valued at approximately $80,942,435.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Steven J. Fasching sold 5,000 shares of Deckers Outdoor stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the transaction, the chief financial officer now owns 29,291 shares in the company, valued at $24,733,320.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Powers sold 5,993 shares of the business's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at approximately $80,942,435.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,792 shares of company stock valued at $23,173,771. 0.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC boosted its holdings in shares of Deckers Outdoor by 1.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 945 shares of the textile maker's stock worth $632,000 after acquiring an additional 15 shares during the period. V Square Quantitative Management LLC increased its position in Deckers Outdoor by 7.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 232 shares of the textile maker's stock worth $119,000 after buying an additional 16 shares during the period. Janiczek Wealth Management LLC lifted its holdings in shares of Deckers Outdoor by 20.8% during the fourth quarter. Janiczek Wealth Management LLC now owns 93 shares of the textile maker's stock worth $62,000 after buying an additional 16 shares in the last quarter. Chase Investment Counsel Corp boosted its position in shares of Deckers Outdoor by 0.3% in the third quarter. Chase Investment Counsel Corp now owns 5,772 shares of the textile maker's stock valued at $2,967,000 after acquiring an additional 19 shares during the period. Finally, Flputnam Investment Management Co. grew its stake in shares of Deckers Outdoor by 2.9% in the third quarter. Flputnam Investment Management Co. now owns 756 shares of the textile maker's stock valued at $389,000 after acquiring an additional 21 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.