Deckers Outdoor (NYSE:DECK) Sets New 12-Month Low - Should You Sell?

Key Points

• Deckers Outdoor shares hit a new 52-week low, trading as low as $77.20, well below the 50-day moving average of $88.73 and the 200-day average of $99.03.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and an average price target of $114.42, with recent target cuts from Baird and Needham but continued Buy or Overweight ratings from other firms.
• Despite the stock decline, quarterly results modestly exceeded expectations, with EPS of $0.94 versus a $0.88 estimate and revenue of $1.02 billion, up 5.7% year over year; institutional investors own 97.79% of the shares.

Deckers Outdoor Corporation (NYSE:DECK - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $77.20 and last traded at $77.5620, with a volume of 984776 shares traded. The stock had previously closed at $77.68.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Robert W. Baird cut their target price on Deckers Outdoor from $125.00 to $115.00 and set a "neutral" rating on the stock in a research note on Friday, July 24th. Needham & Company LLC decreased their price target on shares of Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating for the company in a research note on Friday, July 24th. Wells Fargo & Company reiterated an "underweight" rating and issued a $85.00 price objective on shares of Deckers Outdoor in a report on Friday, July 24th. UBS Group reissued a "buy" rating on shares of Deckers Outdoor in a research report on Friday, September 11th. Finally, Barclays set a $133.00 target price on shares of 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, twelve have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Hold" and an average target price of $114.42.

Deckers Outdoor Price Performance

The firm has a 50-day moving average of $88.73 and a 200 day moving average of $99.03. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.22 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping 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 business's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. On average, equities analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Institutional Trading of Deckers Outdoor

A number of hedge funds have recently modified their holdings of DECK. Costello Asset Management INC increased its position in Deckers Outdoor by 14.3% during the first quarter. Costello Asset Management INC now owns 800 shares of the textile maker's stock worth $80,000 after acquiring an additional 100 shares during the period. Hilton Head Capital Partners LLC increased its position in shares of Deckers Outdoor by 29.8% in the first quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker's stock worth $44,000 after purchasing an additional 101 shares during the period. GW Henssler & Associates Ltd. increased its position in shares of Deckers Outdoor by 5.8% in the fourth quarter. GW Henssler & Associates Ltd. now owns 2,159 shares of the textile maker's stock worth $224,000 after purchasing an additional 118 shares during the period. Cim LLC raised its stake in Deckers Outdoor by 1.1% in the first quarter. Cim LLC now owns 12,207 shares of the textile maker's stock valued at $1,222,000 after purchasing an additional 133 shares in the last quarter. Finally, Resonant Capital Advisors LLC raised its stake in Deckers Outdoor by 3.4% in the first quarter. Resonant Capital Advisors LLC now owns 4,250 shares of the textile maker's stock valued at $425,000 after purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

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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