Deckers Outdoor (NYSE:DECK) Raised to “Strong Sell” at BMO Capital Markets

Deckers Outdoor (NYSE:DECK) was upgraded by BMO Capital Markets to a “strong sell” rating in a research note issued on Tuesday, Zacks reports.

A number of other equities analysts also recently issued reports on the company. Robert W. Baird lowered their price objective on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Friday, July 24th. Barclays set a $133.00 price objective on shares of Deckers Outdoor and gave the company an “overweight” rating in a report on Friday, July 24th. Truist Financial cut their target price on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Needham & Company LLC cut their price target on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Finally, Telsey Advisory Group reduced their target price on shares of Deckers Outdoor from $113.00 to $105.00 and set a “market perform” rating for the company in a research note on Friday, July 24th. 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 company’s stock. Based on data from MarketBeat, Deckers Outdoor presently has an average rating of “Hold” and a consensus price target of $114.80.

Deckers Outdoor Stock Performance

Shares of DECK opened at $79.81 on Tuesday. Deckers Outdoor has a 52 week low of $78.91 and a 52 week high of $122.29. The stock has a fifty day moving average of $95.65 and a 200-day moving average of $102.01. The stock has a market capitalization of $10.87 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 1.25 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate 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 period last year, the company earned $0.93 earnings per share. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, equities analysts forecast that Deckers Outdoor will post 7.5 EPS for the current year.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its position in shares of Deckers Outdoor by 1.8% in the second quarter. Sequoia Financial Advisors LLC now owns 10,097 shares of the textile maker’s stock valued at $1,003,000 after purchasing an additional 183 shares during the period. Tidal Investments LLC raised its stake in Deckers Outdoor by 37.9% in the second quarter. Tidal Investments LLC now owns 48,934 shares of the textile maker’s stock valued at $4,859,000 after purchasing an additional 13,445 shares in the last quarter. National Pension Service lifted its holdings in shares of Deckers Outdoor by 2.8% during the 2nd quarter. National Pension Service now owns 114,926 shares of the textile maker’s stock worth $11,411,000 after acquiring an additional 3,173 shares during the last quarter. WINTON GROUP Ltd lifted its stake in Deckers Outdoor by 153.6% during the second quarter. WINTON GROUP Ltd now owns 64,258 shares of the textile maker’s stock worth $6,380,000 after purchasing an additional 38,921 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its position in Deckers Outdoor by 1,894.2% in the 2nd quarter. Engineers Gate Manager LP now owns 564,874 shares of the textile maker’s stock worth $56,086,000 after buying an additional 536,548 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

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.