In the preceding three months, 18 analysts have released ratings for Deckers Outdoor DECK, presenting a wide array of perspectives from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 11 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 3 | 0 | 0 | 0 |
| 3M Ago | 3 | 6 | 3 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $916.5, along with a high estimate of $1150.00 and a low estimate of $730.00. This current average has increased by 14.14% from the previous average price target of $802.93.
Understanding Analyst Ratings: A Comprehensive Breakdown
In examining recent analyst actions, we gain insights into 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 |
|---|---|---|---|---|---|
| Joseph Civello | Truist Securities | Lowers | Hold | $864.00 | $983.00 |
| Adrienne Yih | Barclays | Announces | Overweight | $1110.00 | - |
| Tom Nikic | Wedbush | Raises | Outperform | $1000.00 | $895.00 |
| John Kernan | TD Cowen | Raises | Outperform | $1000.00 | $898.00 |
| JESALYN Wong | Evercore ISI Group | Announces | Outperform | $960.00 | - |
| Dana Telsey | Telsey Advisory Group | Maintains | Outperform | $930.00 | - |
| Scot Ciccarelli | Truist Securities | Raises | Buy | $983.00 | $859.00 |
| Jim Duffy | Stifel | Raises | Hold | $775.00 | $709.00 |
| Jay Sole | UBS | Raises | Buy | $1150.00 | $950.00 |
| Rick Patel | Raymond James | Raises | Outperform | $925.00 | $845.00 |
| Kate Fitzsimons | Wells Fargo | Raises | Equal-Weight | $775.00 | $625.00 |
| Tom Nikic | Wedbush | Raises | Outperform | $895.00 | $825.00 |
| Dana Telsey | Telsey Advisory Group | Raises | Outperform | $930.00 | $850.00 |
| Rick Patel | Raymond James | Raises | Outperform | $845.00 | $585.00 |
| Jay Sole | UBS | Raises | Buy | $950.00 | $865.00 |
| Tom Nikic | Wedbush | Raises | Outperform | $825.00 | $705.00 |
| Dana Telsey | Telsey Advisory Group | Raises | Outperform | $850.00 | $800.00 |
| Abbie Zvejnieks | Piper Sandler | Raises | Neutral | $730.00 | $650.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Deckers Outdoor. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Deckers Outdoor compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Deckers Outdoor's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into Deckers Outdoor's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic 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: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Over the 3 months period, Deckers Outdoor showcased positive performance, achieving a revenue growth rate of 15.95% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Deckers Outdoor's net margin excels beyond industry benchmarks, reaching 24.99%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 20.0%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Deckers Outdoor's ROA stands out, surpassing industry averages. With an impressive ROA of 12.59%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Deckers Outdoor's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.13.
What Are Analyst Ratings?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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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