12 analysts have shared their evaluations of Deckers Outdoor DECK during the recent three months, expressing a mix of bullish and bearish perspectives.
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 | 4 | 4 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 3 | 2 | 0 | 0 |
| 2M Ago | 3 | 0 | 1 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $687.83, a high estimate of $800.00, and a low estimate of $600.00. This current average has increased by 8.23% from the previous average price target of $635.50.
Understanding Analyst Ratings: A Comprehensive Breakdown
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 |
|---|---|---|---|---|---|
| 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 |
| Jim Duffy | Stifel | Maintains | Buy | $600.00 | - |
| Dana Telsey | Telsey Advisory Group | Maintains | Outperform | $615.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Deckers Outdoor. This information provides 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 provide insights into price targets, offering estimates for the future value of Deckers Outdoor's stock. This comparison reveals trends in analysts' expectations over time.
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.
Get to Know Deckers Outdoor Better
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.
A Deep Dive into Deckers Outdoor's Financials
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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 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 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 ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 9.93% ROE, the company effectively utilizes shareholder equity capital.
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: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.14.
The Core of Analyst Ratings: What Every Investor Should Know
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.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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