Deckers Outdoor Co. (NYSE:DECK – Get Rating) – Investment analysts at Telsey Advisory Group decreased their Q2 2023 earnings per share (EPS) estimates for Deckers Outdoor in a research report issued on Friday, May 20th. Telsey Advisory Group analyst D. Telsey now anticipates that the textile maker will post earnings per share of $4.05 for the quarter, down from their prior forecast of $4.29. Telsey Advisory Group currently has a “Outperform” rating and a $400.00 price target on the stock. Telsey Advisory Group also issued estimates for Deckers Outdoor’s Q3 2023 earnings at $9.65 EPS and FY2023 earnings at $18.25 EPS.
DECK has been the subject of a number of other research reports. BTIG Research increased their target price on Deckers Outdoor from $480.00 to $487.00 and gave the stock a “buy” rating in a report on Friday, February 4th. Wedbush cut their price objective on shares of Deckers Outdoor to $292.00 in a research report on Friday. Robert W. Baird dropped their price target on shares of Deckers Outdoor from $525.00 to $375.00 and set an “outperform” rating for the company in a research report on Friday. Cowen lifted their price target on shares of Deckers Outdoor from $358.00 to $407.00 and gave the company an “outperform” rating in a research report on Friday. Finally, 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 note on Wednesday, April 20th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $409.45.
Deckers Outdoor (NYSE:DECK – Get Rating) last posted its quarterly earnings data on Thursday, May 19th. The textile maker reported $2.51 earnings per share (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 return on equity of 30.49% and a net margin of 14.35%. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.18 EPS.
Several large investors have recently bought and sold shares of the company. Steadfast Capital Management LP lifted its position in Deckers Outdoor by 8,817.1% during the 1st quarter. Steadfast Capital Management LP now owns 833,391 shares of the textile maker’s stock valued at $228,157,000 after acquiring an additional 824,045 shares during the period. State Street Corp lifted its position in Deckers Outdoor by 2.3% during the 1st quarter. State Street Corp now owns 720,033 shares of the textile maker’s stock valued at $197,123,000 after acquiring an additional 16,529 shares during the period. American Century Companies Inc. raised its holdings in Deckers Outdoor by 24.0% in the first quarter. American Century Companies Inc. now owns 707,993 shares of the textile maker’s stock worth $193,827,000 after buying an additional 136,976 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Deckers Outdoor by 56.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 471,786 shares of the textile maker’s stock worth $169,937,000 after buying an additional 170,466 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Deckers Outdoor by 18.0% in the first quarter. Wellington Management Group LLP now owns 433,426 shares of the textile maker’s stock worth $118,658,000 after buying an additional 66,072 shares during the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.
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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