FY2024 EPS Estimates for Deckers Outdoor Co. Boosted by Analyst (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK) – Equities research analysts at Wedbush boosted their FY2024 earnings estimates for Deckers Outdoor in a note issued to investors on Monday, May 6th. Wedbush analyst T. Nikic now anticipates that the textile maker will post earnings of $27.25 per share for the year, up from their prior forecast of $26.50. Wedbush has a “Outperform” rating and a $1,000.00 price target on the stock. The consensus estimate for Deckers Outdoor’s current full-year earnings is $26.89 per share. Wedbush also issued estimates for Deckers Outdoor’s Q2 2025 earnings at $6.88 EPS and Q3 2025 earnings at $16.03 EPS.

DECK has been the topic of a number of other reports. KeyCorp initiated coverage on shares of Deckers Outdoor in a report on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price objective on the stock. UBS Group raised their price objective on shares of Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Barclays started coverage on Deckers Outdoor in a research report on Monday, April 1st. They issued an “overweight” rating and a $1,110.00 price target on the stock. Truist Financial restated a “hold” rating and set a $864.00 price target (down previously from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Finally, Evercore ISI initiated coverage on shares of Deckers Outdoor in a research report on Thursday, February 15th. They set an “outperform” rating and a $960.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Deckers Outdoor currently has a consensus rating of “Moderate Buy” and a consensus price target of $889.00.

Deckers Outdoor Trading Up 2.4 %

Shares of DECK opened at $862.68 on Tuesday. Deckers Outdoor has a twelve month low of $424.36 and a twelve month high of $956.17. The firm’s fifty day simple moving average is $878.07 and its 200-day simple moving average is $763.88. The firm has a market capitalization of $22.14 billion, a price-to-earnings ratio of 31.03, a PEG ratio of 1.49 and a beta of 1.05.

Institutional Investors Weigh In On Deckers Outdoor

A number of large investors have recently added to or reduced their stakes in DECK. SG Americas Securities LLC increased its position in shares of Deckers Outdoor by 1,829.5% in the 1st quarter. SG Americas Securities LLC now owns 18,620 shares of the textile maker’s stock worth $17,526,000 after purchasing an additional 17,655 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Deckers Outdoor by 4.0% in the 1st quarter. Empowered Funds LLC now owns 4,794 shares of the textile maker’s stock valued at $4,512,000 after purchasing an additional 186 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Deckers Outdoor by 8.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,984 shares of the textile maker’s stock valued at $3,750,000 after purchasing an additional 296 shares in the last quarter. Duality Advisers LP raised its stake in Deckers Outdoor by 39.1% during the first quarter. Duality Advisers LP now owns 1,988 shares of the textile maker’s stock worth $1,871,000 after acquiring an additional 559 shares during the period. Finally, Manchester Capital Management LLC raised its stake in Deckers Outdoor by 38,600.0% during the first quarter. Manchester Capital Management LLC now owns 387 shares of the textile maker’s stock worth $364,000 after acquiring an additional 386 shares during the period. 97.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Deckers Outdoor news, CEO David Powers sold 5,993 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the transaction, the chief executive officer now directly owns 98,218 shares in the company, valued at $80,942,435.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Steven J. Fasching sold 5,000 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the sale, the chief financial officer now directly owns 29,291 shares of the company’s stock, valued at approximately $24,733,320.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $824.11, for a total transaction of $4,938,891.23. Following the sale, the chief executive officer now directly owns 98,218 shares of the company’s stock, valued at $80,942,435.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,792 shares of company stock worth $23,173,771. 0.70% of the stock is owned by company insiders.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.