Deckers Outdoor DECK has been analyzed by 17 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
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 | 9 | 5 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 0 | 0 | 0 |
| 2M Ago | 3 | 6 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 2 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $873.94, along with a high estimate of $1150.00 and a low estimate of $625.00. This current average has increased by 15.95% from the previous average price target of $753.73.
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 |
|---|---|---|---|---|---|
| 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 |
| Kate Fitzsimons | Wells Fargo | Raises | Equal-Weight | $625.00 | $540.00 |
| Jim Duffy | Stifel | Raises | Hold | $709.00 | $600.00 |
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: Offering insights into predictions, analysts assign qualitative values, 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.
Unveiling the Story Behind 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 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.
Unraveling the Financial Story of Deckers Outdoor
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Deckers Outdoor's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 15.95%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out 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 24.99%, the company showcases strong profitability and effective cost management.
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): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 12.59%, the company showcases effective utilization of assets.
Debt Management: Deckers Outdoor's debt-to-equity ratio is below the industry average at 0.13, reflecting a lower dependency on debt financing and a more conservative financial approach.
What Are Analyst Ratings?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
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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