Deckers Outdoor (NYSE:DECK) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Deckers Outdoor (NYSE:DECK) in a research report report published on Friday morning,Benzinga reports. They currently have a $240.00 target price on the textile maker’s stock. Telsey Advisory Group also issued estimates for Deckers Outdoor’s FY2025 earnings at $6.01 EPS.

Several other equities analysts also recently weighed in on DECK. Raymond James raised Deckers Outdoor from an “outperform” rating to a “strong-buy” rating and cut their target price for the company from $235.00 to $150.00 in a research report on Thursday, April 10th. Piper Sandler dropped their price objective on Deckers Outdoor from $210.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Needham & Company LLC restated a “buy” rating and set a $246.00 price objective on shares of Deckers Outdoor in a report on Friday, January 31st. Guggenheim restated a “neutral” rating on shares of Deckers Outdoor in a report on Friday, January 31st. Finally, Barclays dropped their price objective on Deckers Outdoor from $231.00 to $129.00 and set an “overweight” rating for the company in a report on Monday, May 12th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.16.

Deckers Outdoor Stock Performance

NYSE DECK opened at $127.82 on Friday. The company has a market cap of $19.40 billion, a P/E ratio of 20.72, a P/E/G ratio of 1.68 and a beta of 1.11. The business’s 50 day moving average price is $114.19 and its 200-day moving average price is $159.45. Deckers Outdoor has a fifty-two week low of $93.72 and a fifty-two week high of $223.98.

Insider Transactions at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $134.48, for a total transaction of $40,344.00. Following the transaction, the director now directly owns 10,388 shares of the company’s stock, valued at $1,396,978.24. This trade represents a 2.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David Powers sold 25,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $138.84, for a total transaction of $3,471,000.00. Following the transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. The trade was a 9.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its holdings in Deckers Outdoor by 109.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker’s stock valued at $91,965,000 after buying an additional 235,091 shares during the period. Navellier & Associates Inc. grew its holdings in Deckers Outdoor by 6.4% in the fourth quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker’s stock worth $6,053,000 after purchasing an additional 1,791 shares during the last quarter. Wilmington Savings Fund Society FSB grew its holdings in Deckers Outdoor by 62.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker’s stock worth $1,407,000 after purchasing an additional 2,668 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Deckers Outdoor by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker’s stock worth $203,300,000 after purchasing an additional 32,318 shares during the last quarter. Finally, Amundi grew its holdings in Deckers Outdoor by 11.0% in the fourth quarter. Amundi now owns 1,088,351 shares of the textile maker’s stock worth $225,855,000 after purchasing an additional 108,054 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

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, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.