FY2024 EPS Estimates for Deckers Outdoor Co. Lifted by Telsey Advisory Group (NYSE:DECK)

Deckers Outdoor Co. (NYSE:DECK) – Equities researchers at Telsey Advisory Group boosted their FY2024 earnings per share estimates for Deckers Outdoor in a research report issued to clients and investors on Monday, May 20th. Telsey Advisory Group analyst D. Telsey now forecasts that the textile maker will earn $27.20 per share for the year, up from their prior estimate of $26.50. Telsey Advisory Group has a “Outperform” rating and a $985.00 price target on the stock. The consensus estimate for Deckers Outdoor’s current full-year earnings is $27.09 per share. Telsey Advisory Group also issued estimates for Deckers Outdoor’s FY2025 earnings at $30.12 EPS and FY2026 earnings at $34.28 EPS.

DECK has been the subject of several other reports. Bank of America lowered Deckers Outdoor from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $875.00 to $860.00 in a research note on Thursday, April 25th. Citigroup increased their price target on Deckers Outdoor from $835.00 to $920.00 and gave the stock a “neutral” rating in a report on Wednesday, May 15th. Piper Sandler increased their price target on Deckers Outdoor from $650.00 to $730.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Raymond James raised their price objective on Deckers Outdoor from $585.00 to $845.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Finally, KeyCorp assumed coverage on Deckers Outdoor in a report on Wednesday, February 7th. They set an “overweight” rating and a $960.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $900.31.

Deckers Outdoor Trading Down 0.7 %

Shares of Deckers Outdoor stock opened at $893.66 on Tuesday. The firm has a market cap of $22.94 billion, a PE ratio of 32.15, a PEG ratio of 1.61 and a beta of 1.05. Deckers Outdoor has a 12 month low of $424.36 and a 12 month high of $956.17. The stock has a 50 day moving average of $871.93 and a 200 day moving average of $790.32.

Insider Transactions at Deckers Outdoor

In other 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 completion of the sale, the chief executive officer now owns 98,218 shares of the company’s stock, valued at approximately $80,942,435.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

Institutional Trading of Deckers Outdoor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC lifted its position in 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 acquiring an additional 35 shares during the period. Anchor Investment Management LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at about $33,000. Contravisory Investment Management Inc. acquired a new position in shares of Deckers Outdoor in the 1st quarter valued at about $36,000. FSC Wealth Advisors LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at about $39,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of Deckers Outdoor by 170.0% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 81 shares of the textile maker’s stock valued at $42,000 after buying an additional 51 shares during the period. Institutional investors and hedge funds own 97.79% 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.