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 research report issued on Monday, May 6th. Wedbush analyst T. Nikic now anticipates that the textile maker will post earnings per share of $27.25 for the year, up from their previous estimate 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.

Other research analysts have also issued reports about the company. KeyCorp assumed coverage on Deckers Outdoor in a report on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 target price for the company. Truist Financial reaffirmed a “hold” rating and issued a $864.00 target price (down previously from $983.00) on shares of Deckers Outdoor in a report on Wednesday, April 10th. Evercore ISI assumed coverage on shares of Deckers Outdoor in a report on Thursday, February 15th. They set an “outperform” rating and a $960.00 price target for the company. Raymond James raised their price objective on shares of Deckers Outdoor from $585.00 to $845.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Finally, Wells Fargo & Company boosted their target price on Deckers Outdoor from $625.00 to $775.00 and gave the stock an “equal weight” rating in a research report on Friday, February 2nd. 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $889.00.

Deckers Outdoor Stock Performance

Shares of DECK stock opened at $862.38 on Tuesday. Deckers Outdoor has a one year low of $424.36 and a one year high of $956.17. The firm’s 50 day moving average price is $877.91 and its 200-day moving average price is $766.45. The firm has a market cap of $22.14 billion, a P/E ratio of 31.02, a P/E/G ratio of 1.49 and a beta of 1.05.

Hedge Funds Weigh In On Deckers Outdoor

A number of hedge funds have recently bought and sold shares of the company. Morgan Stanley boosted its position in shares of Deckers Outdoor by 82.6% during the 3rd quarter. Morgan Stanley now owns 1,166,394 shares of the textile maker’s stock valued at $599,633,000 after acquiring an additional 527,546 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Deckers Outdoor by 8.9% in the 3rd quarter. Invesco Ltd. now owns 456,957 shares of the textile maker’s stock worth $234,917,000 after buying an additional 37,194 shares during the last quarter. TD Asset Management Inc raised its position in shares of Deckers Outdoor by 191.1% during the 4th quarter. TD Asset Management Inc now owns 305,949 shares of the textile maker’s stock valued at $204,505,000 after buying an additional 200,850 shares in the last quarter. Norges Bank bought a new stake in shares of Deckers Outdoor during the 4th quarter worth $196,814,000. Finally, Northern Trust Corp grew its position in Deckers Outdoor by 2.6% in the third quarter. Northern Trust Corp now owns 231,535 shares of the textile maker’s stock worth $119,030,000 after acquiring an additional 5,972 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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, Director Bonita C. Stewart sold 3,500 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $871.11, for a total value of $3,048,885.00. Following the transaction, the director now directly owns 8,863 shares of the company’s stock, valued at $7,720,647.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David Powers sold 5,993 shares of Deckers Outdoor stock in a transaction on Monday, April 15th. The stock was 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 of the company’s stock, valued at approximately $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 valued at $23,173,771. 0.70% of the stock is owned by company insiders.

About Deckers Outdoor

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.