Deckers Outdoor (NYSE:DECK) Sets New 52-Week Low - Time to Sell?

Key Points

• Deckers Outdoor shares fell to a new 52-week low of $78.80, trading below both their 50-day moving average of $95.18 and 200-day moving average of $101.76.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and an average price target of $114.80, with ratings including a new “Underperform” call from BMO and a reiterated “Buy” from UBS.
• The company exceeded quarterly EPS expectations, reporting $0.94 versus the $0.88 estimate, while revenue rose 5.7% year over year to $1.02 billion. Institutional investors own a substantial 97.79% of the shares.

Shares of Deckers Outdoor Corporation (NYSE:DECK - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $78.80 and last traded at $79.0660, with a volume of 1259336 shares traded. The stock had previously closed at $81.27.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets began coverage on Deckers Outdoor in a research note on Tuesday, September 8th. They set an "underperform" rating and a $70.00 price target for the company. UBS Group restated a "buy" rating on shares of Deckers Outdoor in a report on Friday. Weiss Ratings downgraded Deckers Outdoor from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, September 3rd. Needham & Company LLC dropped their price objective on Deckers Outdoor from $138.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $105.00 price target on shares of Deckers Outdoor in a report on Friday, May 22nd. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of "Hold" and a consensus target price of $114.80.

Deckers Outdoor Stock Down 1.9%

The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.26 and a beta of 1.15. The company's 50-day moving average is $95.18 and its 200-day moving average is $101.76.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) 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 business had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the firm posted $0.93 EPS. Deckers Outdoor's quarterly revenue 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. On average, research analysts forecast that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DECK. Danske Bank A S bought a new stake in shares of Deckers Outdoor during the second quarter worth $46,235,000. Private Wealth Advisors LLC bought a new position in Deckers Outdoor in the second quarter valued at about $4,634,000. ProShare Advisors LLC increased its position in Deckers Outdoor by 52.5% in the fourth quarter. ProShare Advisors LLC now owns 42,017 shares of the textile maker's stock worth $4,356,000 after purchasing an additional 14,470 shares during the period. GSA Capital Partners LLP bought a new stake in Deckers Outdoor during the 2nd quarter worth about $1,870,000. Finally, Revolve Wealth Partners LLC bought a new stake in Deckers Outdoor during the 4th quarter worth about $247,000. 97.79% of the stock is owned by institutional investors and hedge funds.

About Deckers Outdoor

Deckers Outdoor Corporation NYSE: DECK designs, markets and distributes branded footwear, apparel and accessories. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, a performance and lifestyle footwear brand; Teva, which specializes in outdoor and adventure sandals and footwear; and Koolaburra by UGG, which offers accessible casual footwear and related products.

The company sells its products through department and specialty stores, independent retailers, digital commerce platforms and its own brand websites and retail stores.

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.