Deckers Outdoor (NYSE:DECK) PT Lowered to $400.00

Deckers Outdoor (NYSE:DECK – Get Rating) had its price objective trimmed by Telsey Advisory Group from $450.00 to $400.00 in a research note released on Friday, Stock Target Advisor reports. The brokerage currently has an outperform rating on the textile maker’s stock. Telsey Advisory Group also issued estimates for Deckers Outdoor’s Q2 2023 earnings at $4.05 EPS, Q3 2023 earnings at $9.65 EPS and FY2023 earnings at $18.25 EPS.

Several other equities analysts also recently commented on DECK. Zacks Investment Research raised shares of Deckers Outdoor from a sell rating to a hold rating and set a $308.00 target price on the stock in a research report on Wednesday, April 20th. StockNews.com began coverage on shares of Deckers Outdoor in a report on Thursday, March 31st. They set a hold rating for the company. Cowen decreased their price target on shares of Deckers Outdoor from $478.00 to $358.00 and set an outperform rating for the company in a report on Friday, February 4th. Jefferies Financial Group decreased their price target on shares of Deckers Outdoor from $525.00 to $450.00 and set a buy rating for the company in a report on Friday, February 4th. Finally, BTIG Research upped their price target on shares of Deckers Outdoor from $480.00 to $487.00 and gave the company a buy rating in a report on Friday, February 4th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Buy and a consensus price target of $409.45.

Deckers Outdoor stock opened at $248.13 on Friday. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 15.22 and a beta of 0.84. Deckers Outdoor has a one year low of $212.93 and a one year high of $451.49. The company’s fifty day moving average price is $266.30 and its two-hundred day moving average price is $315.92.

Deckers Outdoor (NYSE:DECK – Get Rating) last posted its earnings results on Thursday, May 19th. The textile maker reported $2.51 EPS for the quarter, topping the consensus estimate of $1.32 by $1.19. The firm had revenue of $736.00 million for the quarter, compared to the consensus estimate of $639.81 million. Deckers Outdoor had a net margin of 14.35% and a return on equity of 30.49%. The business’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 earnings per share. Equities research analysts forecast that Deckers Outdoor will post 17.54 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in DECK. Steadfast Capital Management LP lifted its stake in Deckers Outdoor by 8,817.1% during the first quarter. Steadfast Capital Management LP now owns 833,391 shares of the textile maker’s stock worth $228,157,000 after purchasing an additional 824,045 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Deckers Outdoor during the fourth quarter worth about $120,708,000. Neuberger Berman Group LLC acquired a new stake in shares of Deckers Outdoor during the third quarter worth approximately $93,376,000. Norges Bank acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $89,901,000. Finally, Suvretta Capital Management LLC acquired a new stake in shares of Deckers Outdoor during the fourth quarter worth approximately $79,207,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Deckers Outdoor Company Profile (Get Rating)

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. The company offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.

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