Analysts' ratings for Deckers Outdoor DECK over the last quarter vary from bullish to bearish, as provided by 25 analysts.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 6 | 11 | 8 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 3 | 9 | 5 | 0 | 0 |
| 3M Ago | 1 | 2 | 3 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $1028.32, along with a high estimate of $1265.00 and a low estimate of $825.00. This current average reflects an increase of 7.1% from the previous average price target of $960.13.
Decoding Analyst Ratings: A Detailed Look
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 |
|---|---|---|---|---|---|
| Janine Stichter | BTIG | Raises | Buy | $1200.00 | $1120.00 |
| Joseph Civello | Truist Securities | Raises | Buy | $1200.00 | $1011.00 |
| Janine Stichter | BTIG | Raises | Buy | $1120.00 | $1020.00 |
| Adrienne Yih | Barclays | Raises | Overweight | $1089.00 | $1026.00 |
| Ike Boruchow | Wells Fargo | Raises | Equal-Weight | $1000.00 | $775.00 |
| Tom Nikic | Wedbush | Raises | Outperform | $1030.00 | $1000.00 |
| Jay Sole | UBS | Raises | Buy | $1265.00 | $1150.00 |
| Joseph Civello | Truist Securities | Raises | Hold | $1011.00 | $864.00 |
| JESALYN Wong | Evercore ISI Group | Raises | Outperform | $1110.00 | $960.00 |
| John Kernan | TD Cowen | Raises | Buy | $1039.00 | $1005.00 |
| Jonathan Komp | Baird | Raises | Outperform | $1050.00 | $975.00 |
| Jim Duffy | Stifel | Raises | Hold | $825.00 | $775.00 |
| Dana Telsey | Telsey Advisory Group | Raises | Outperform | $1100.00 | $985.00 |
| Ashley Owens | Keybanc | Raises | Overweight | $1015.00 | $960.00 |
| Christopher Nardone | B of A Securities | Raises | Neutral | $1020.00 | $860.00 |
| Adrienne Yih | Barclays | Lowers | Overweight | $1026.00 | $1110.00 |
| Dana Telsey | Telsey Advisory Group | Raises | Outperform | $985.00 | $930.00 |
| Paul Lejuez | Citigroup | Raises | Neutral | $920.00 | $835.00 |
| Tom Nikic | Wedbush | Maintains | Outperform | $1000.00 | $1000.00 |
| Christopher Nardone | B of A Securities | Lowers | Neutral | $860.00 | $875.00 |
| John Kernan | TD Cowen | Raises | Buy | $1005.00 | $1000.00 |
| Joseph Civello | Truist Securities | Maintains | Hold | $864.00 | $864.00 |
| Tom Nikic | Wedbush | Maintains | Outperform | $1000.00 | - |
| Joseph Civello | Truist Securities | Lowers | Hold | $864.00 | $983.00 |
| Adrienne Yih | Barclays | Announces | Overweight | $1110.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Deckers Outdoor. This information offers a snapshot of how analysts perceive 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.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Deckers Outdoor's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Deckers Outdoor analyst ratings.
All You Need to Know About Deckers Outdoor
Deckers Outdoor Corp designs and sells casual and performance footwear, apparel, and accessories. Primary brands include UGG, Teva, and Sanuk. The company distributes Majority 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. Majority of its sales are in the United States, although the company also has retail stores and distributors throughout Europe, Asia, Canada, and Latin America. It has structured their reporting around six segments which inlcudes the wholesale operations of specific brands like UGG, HOKA, Teva, Sanuk, and Other brands, alongside a segment focused on direct-to-consumer (DTC) operations.
A Deep Dive into Deckers Outdoor's Financials
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Positive Revenue Trend: Examining Deckers Outdoor's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 21.25% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Deckers Outdoor's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 13.29%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Deckers Outdoor's ROE excels beyond industry benchmarks, reaching 6.06%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Deckers Outdoor's ROA stands out, surpassing industry averages. With an impressive ROA of 3.93%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.13.
Understanding the Relevance of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
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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