11 analysts have shared their evaluations of Deckers Outdoor DECK during the recent three months, expressing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 5 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 1 | 3 | 3 | 0 | 0 |
| 3M Ago | 2 | 0 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $706.27, with a high estimate of $800.00 and a low estimate of $625.00. This current average has increased by 10.86% from the previous average price target of $637.11.
Breaking Down Analyst Ratings: A Detailed Examination
An in-depth analysis of recent analyst actions unveils how financial experts perceive Deckers Outdoor. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Abbie Zvejnieks | Piper Sandler | Raises | Neutral | $730.00 | $650.00 |
| Kate Fitzsimons | Wells Fargo | Raises | Equal-Weight | $625.00 | $540.00 |
| Jim Duffy | Stifel | Raises | Hold | $709.00 | $600.00 |
| Paul Lejuez | Citigroup | Raises | Neutral | $710.00 | $665.00 |
| Janine Stichter | BTIG | Raises | Buy | $800.00 | $650.00 |
| Jonathan Komp | Baird | Raises | Outperform | $750.00 | $650.00 |
| Tom Nikic | Wedbush | Raises | Outperform | $705.00 | $650.00 |
| John Kernan | TD Cowen | Raises | Outperform | $705.00 | $689.00 |
| Scot Ciccarelli | Truist Securities | Announces | Buy | $735.00 | - |
| Abbie Zvejnieks | Piper Sandler | Announces | Neutral | $650.00 | - |
| Janine Stichter | BTIG | Raises | Buy | $650.00 | $640.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Deckers Outdoor. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Deckers Outdoor compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Deckers Outdoor's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Deckers Outdoor analyst ratings.
Discovering Deckers Outdoor: A Closer Look
Deckers Outdoor Corp designs and sells casual and performance footwear, apparel, and accessories. Primary brands include UGG, Teva, and Sanuk. The company distributes Most of its products through its wholesale business, but it also has a substantial direct-to-consumer business with its company-owned retail stores and websites. Most sales are in the United States, although the company also has retail stores and distributors throughout Europe, Asia, Canada, and Latin America. Deckers sources its products from independent manufacturers primarily in Asia.
Deckers Outdoor: A Financial Overview
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Deckers Outdoor showcased positive performance, achieving a revenue growth rate of 24.7% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Deckers Outdoor's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 16.35%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Deckers Outdoor's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 9.93%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Deckers Outdoor's ROA excels beyond industry benchmarks, reaching 6.27%. This signifies efficient management of assets and strong financial health.
Debt Management: Deckers Outdoor's debt-to-equity ratio is below the industry average at 0.14, reflecting a lower dependency on debt financing and a more conservative financial approach.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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