Brokerages Set Deckers Outdoor Corporation (NYSE:DECK) Price Target at $117.16

Shares of Deckers Outdoor Corporation (NYSE:DECK) have received a consensus rating of “Hold” from the twenty-five brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $114.80.

A number of equities research analysts have commented on DECK shares. Stifel Nicolaus set a $133.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, July 24th. Robert W. Baird dropped their price target 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. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $105.00 price objective on shares of Deckers Outdoor in a report on Friday, May 22nd. Argus set a $128.00 price objective on Deckers Outdoor in a report on Friday, May 29th. Finally, Truist Financial reduced their price objective on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, July 24th.

Deckers Outdoor Stock Down 0.5%

DECK opened at $79.81 on Friday. The stock has a market cap of $10.87 billion, a PE ratio of 11.32, a PEG ratio of 1.25 and a beta of 1.15. The business has a 50 day moving average of $95.65 and a 200-day moving average of $102.01. Deckers Outdoor has a 52 week low of $78.91 and a 52 week high of $122.29.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company posted $0.93 EPS. Deckers Outdoor’s revenue was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities analysts anticipate that Deckers Outdoor will post 7.5 EPS for the current year.

Institutional Trading of Deckers Outdoor

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its position in shares of Deckers Outdoor by 9,479.9% during the second quarter. California State Teachers Retirement System now owns 21,355,790 shares of the textile maker’s stock valued at $2,120,416,000 after buying an additional 21,132,867 shares during the period. BlackRock Inc. purchased a new position in Deckers Outdoor during the 2nd quarter valued at $1,343,613,000. Federated Hermes Inc. grew its position in Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after acquiring an additional 2,485,338 shares during the last quarter. Norges Bank purchased a new stake in Deckers Outdoor in the fourth quarter worth $252,729,000. Finally, AQR Capital Management LLC boosted its stake in shares of Deckers Outdoor by 340.5% during the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after purchasing an additional 2,035,517 shares during the period. Hedge funds and other institutional investors own 97.79% of the company’s stock.

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.