Equities Analysts Issue Forecasts for Deckers Outdoor Co.’s Q4 2024 Earnings (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK) – Stock analysts at Wedbush boosted their Q4 2024 EPS estimates for shares of Deckers Outdoor in a note issued to investors on Monday, May 6th. Wedbush analyst T. Nikic now expects that the textile maker will earn $2.98 per share for the quarter, up from their prior forecast of $2.23. Wedbush currently has a “Outperform” rating and a $1,000.00 target price 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 Q1 2025 earnings at $3.05 EPS and Q4 2025 earnings at $3.32 EPS.

A number of other brokerages have also recently commented on DECK. Stifel Nicolaus increased their price target on shares of Deckers Outdoor from $709.00 to $775.00 and gave the company a “hold” rating in a research note on Friday, February 2nd. KeyCorp started coverage on Deckers Outdoor in a research note on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price objective on the stock. UBS Group raised their price target on Deckers Outdoor from $950.00 to $1,150.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Piper Sandler lifted their price objective on shares of Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company increased their price objective on shares of Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $889.00.

Deckers Outdoor Stock Down 1.0 %

DECK stock opened at $853.72 on Wednesday. The company has a market cap of $21.91 billion, a price-to-earnings ratio of 30.71, a P/E/G ratio of 1.49 and a beta of 1.05. Deckers Outdoor has a twelve month low of $424.36 and a twelve month high of $956.17. The business has a 50 day moving average price of $877.33 and a two-hundred day moving average price of $767.06.

Insider Transactions at Deckers Outdoor

In related news, CEO David Powers sold 5,993 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $824.11, for a total value of $4,938,891.23. Following the transaction, the chief executive officer now 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 can be accessed through the SEC website. In related news, CEO David Powers sold 5,993 shares of the stock in a transaction that occurred 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 owns 98,218 shares in the company, valued at approximately $80,942,435.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,792 shares of company stock valued at $23,173,771. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Deckers Outdoor

A number of institutional investors have recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC lifted its stake in shares of Deckers Outdoor by 437.5% in the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 35 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of Deckers Outdoor during the fourth quarter worth about $33,000. Contravisory Investment Management Inc. acquired a new position in shares of Deckers Outdoor in the first quarter valued at approximately $36,000. FSC Wealth Advisors LLC bought a new position in Deckers Outdoor in the 4th quarter valued at approximately $39,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its holdings in Deckers Outdoor by 170.0% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after acquiring an additional 51 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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.