Deckers Outdoor Co. Expected to Earn FY2024 Earnings of $27.25 Per Share (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK) – Stock analysts at Wedbush upped their FY2024 earnings per share estimates for shares of Deckers Outdoor in a research report issued to clients and investors on Monday, May 6th. Wedbush analyst T. Nikic now anticipates that the textile maker will earn $27.25 per share for the year, up from their prior estimate of $26.50. 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 Q2 2025 earnings at $6.88 EPS and Q3 2025 earnings at $16.03 EPS.

Several other brokerages also recently issued reports on DECK. Raymond James raised their price objective on shares of Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Wells Fargo & Company upped their price objective on Deckers Outdoor from $625.00 to $775.00 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Bank of America downgraded Deckers Outdoor from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $875.00 to $860.00 in a research report on Thursday, April 25th. KeyCorp assumed coverage on shares of Deckers Outdoor in a report on Wednesday, February 7th. They issued an “overweight” rating and a $960.00 price target on the stock. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $930.00 price objective on shares of Deckers Outdoor in a research report on Thursday, February 15th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $889.00.

Deckers Outdoor Trading Up 2.4 %

Shares of DECK opened at $862.68 on Tuesday. The company has a market cap of $22.14 billion, a P/E ratio of 31.03, 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 company’s fifty day simple moving average is $878.07 and its 200-day simple moving average is $763.88.

Institutional Inflows and Outflows

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

Insider Transactions at Deckers Outdoor

In other news, CEO David Powers sold 5,993 shares of the business’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 completion of 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO David Powers sold 5,993 shares of the business’s 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 in the company, valued at approximately $80,942,435.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Angela Ogbechie sold 313 shares of the business’s 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 transaction, the insider now owns 4,027 shares in the company, valued at $3,399,311.51. The disclosure for this sale can be found here. In the last three months, insiders sold 26,792 shares of company stock valued at $23,173,771. Corporate insiders own 0.70% of the company’s stock.

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.