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

Deckers Outdoor Co. (NYSE:DECK) – Analysts at Wedbush upped their Q4 2024 earnings estimates for Deckers Outdoor in a report released on Monday, May 6th. Wedbush analyst T. Nikic now anticipates that the textile maker will post earnings of $2.98 per share for the quarter, up from their previous forecast of $2.23. Wedbush currently 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 Q1 2025 earnings at $3.05 EPS and Q4 2025 earnings at $3.32 EPS.

Several other research firms have also recently weighed in on DECK. Bank of America cut shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $875.00 to $860.00 in a report on Thursday, April 25th. Truist Financial reiterated a “hold” rating and set a $864.00 price objective (down from $983.00) on shares of Deckers Outdoor in a research note on Wednesday, April 10th. Wells Fargo & Company raised their price target on Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a report on Friday, February 2nd. Evercore ISI assumed coverage on shares of Deckers Outdoor in a research report on Thursday, February 15th. They set an “outperform” rating and a $960.00 target price for the company. Finally, Piper Sandler raised their price target on Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Seven equities 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $889.00.

Deckers Outdoor Stock Down 1.0 %

DECK stock opened at $853.72 on Wednesday. The firm has a market cap of $21.91 billion, a PE ratio of 30.71, a price-to-earnings-growth 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 of $877.33 and a 200 day moving average of $767.06.

Insider Activity

In other news, insider Angela Ogbechie sold 313 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the sale, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the firm’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 sale, the insider now owns 4,027 shares of the company’s stock, valued at $3,399,311.51. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Powers sold 5,993 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $862.53, for a total transaction of $5,169,142.29. Following the completion of the transaction, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $84,715,971.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,792 shares of company stock valued at $23,173,771. 0.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC increased its stake in shares of Deckers Outdoor by 437.5% during the 4th quarter. FinTrust Capital Advisors LLC now owns 43 shares of the textile maker’s stock worth $29,000 after purchasing an additional 35 shares in the last quarter. Anchor Investment Management LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth $33,000. Contravisory Investment Management Inc. purchased a new position in Deckers Outdoor in the 1st quarter valued at about $36,000. FSC Wealth Advisors LLC acquired a new stake in Deckers Outdoor during the 4th quarter valued at approximately $39,000. Finally, Ritter Daniher Financial Advisory LLC DE grew its position in shares of Deckers Outdoor by 170.0% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock worth $42,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

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.