Deckers Outdoor (NYSE:DECK) Hits New 1-Year Low – Time to Sell?

Deckers Outdoor Corporation (NYSE:DECK) hit a new 52-week low on Monday . The stock traded as low as $78.80 and last traded at $79.0660, with a volume of 1259336 shares changing hands. The stock had previously closed at $81.27.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DECK. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $105.00 target price on shares of Deckers Outdoor in a report on Friday, May 22nd. Robert W. Baird reduced their price target on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. BMO Capital Markets initiated coverage on Deckers Outdoor in a research note on Tuesday, September 8th. They set an “underperform” rating and a $70.00 price objective for the company. KeyCorp reiterated a “sector weight” rating on shares of Deckers Outdoor in a report on Friday, July 24th. Finally, UBS Group reissued a “buy” rating on shares of Deckers Outdoor in a research note on Friday. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $114.80.

Deckers Outdoor Trading Down 1.9%

The company has a 50 day moving average of $95.18 and a 200 day moving average of $101.76. The firm has a market cap of $10.85 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 1.26 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter last year, the firm posted $0.93 earnings per share. Deckers Outdoor’s revenue was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Equities analysts forecast that Deckers Outdoor Corporation will post 7.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new stake in shares of Deckers Outdoor in the fourth quarter worth $247,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Deckers Outdoor by 3.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,614 shares of the textile maker’s stock worth $1,858,000 after purchasing an additional 522 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Deckers Outdoor by 165.6% during the 1st quarter. Empowered Funds LLC now owns 10,239 shares of the textile maker’s stock worth $1,145,000 after purchasing an additional 6,384 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Deckers Outdoor by 8.1% in the 1st quarter. Focus Partners Wealth now owns 6,914 shares of the textile maker’s stock valued at $773,000 after buying an additional 521 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Deckers Outdoor by 163.2% in the second quarter. Marshall Wace LLP now owns 10,306 shares of the textile maker’s stock valued at $1,062,000 after buying an additional 6,391 shares in the last quarter. 97.79% of the stock is owned by institutional investors and hedge funds.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation (NYSE: DECK) designs, markets and distributes branded footwear, apparel and accessories. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, a performance and lifestyle footwear brand; Teva, which specializes in outdoor and adventure sandals and footwear; and Koolaburra by UGG, which offers accessible casual footwear and related products.

The company sells its products through department and specialty stores, independent retailers, digital commerce platforms and its own brand websites and retail stores.