Deckers Outdoor (NYSE:DECK) Stock Price Expected to Rise, Citigroup Analyst Says

According to a recent report from Citigroup, the stock price of Deckers Outdoor (NYSE:DECK) has been raised from $178.00 to $215.00. This revision was communicated in a research note published on January 25, 2025. Citigroup has currently assigned a “neutral” rating to the stock. The new price target suggests a slight potential downside of about 0.88% from the stock’s price at the time of the report.

In addition to Citigroup's adjustments, several other analysts have weighed in with their own price targets for Deckers Outdoor. For instance, on October 17, Piper Sandler set a price target of $166.00. Following that, Telsey Advisory Group raised their price target from $183.00 to $190.00, providing an “outperform” rating on October 25. Barclays also increased their target, adjusting it from $180.00 to $190.00 during the same week. Furthermore, Truist Financial set a higher target of $235.00 on January 16, asserting a “buy” rating. Wells Fargo & Company matched Citigroup's new target of $215.00, but categorized the stock as “equal weight” in their analysis from January 10. Overall, there are currently nine analysts recommending to hold the stock and eleven recommending a buy, reflecting a consensus that leans positively toward Deckers. MarketBeat.com shows an average rating of “Moderate Buy” with a consensus price target of roughly $182.20.

Recent Performance of Deckers Outdoor

As for Deckers Outdoor's market performance, shares opened at $216.90 on the last trading day. Over the past year, the stock has fluctuated between a low of $125.15 and a high of $218.92. Its fifty-day moving average is documented at $203.00, while the two-hundred day moving average stands at $129.71. Currently, the company boasts a market capitalization of $32.95 billion and a price-to-earnings (P/E) ratio of 38.14.

Deckers Outdoor recently reported its earnings results on October 24, where it disclosed earnings of $1.59 per share, exceeding the consensus estimate of $1.24 by $0.35. The company achieved a return on equity of 41.48% and maintained a net margin of 18.95%. The revenue for that quarter reached $1.31 billion, which was above the analysts' expectations of $1.20 billion, marking a year-over-year revenue increase of 20.1%. Analysts expect Deckers Outdoor to deliver earnings of about $5.56 per share for the current fiscal year.

Insider Activity and Institutional Investors

In terms of insider trading, Thomas Garcia, an insider at Deckers, sold 18,000 shares on November 19 at an average price of $175.28, totaling approximately $3.15 million. Following this transaction, he retains about 63,642 shares, valued at around $11.15 million. Additionally, CEO Caroti Stefano sold 14,274 shares on December 11 at an average price of $208.34, amounting to nearly $2.97 million. Post-sale, he holds approximately 259,266 shares worth around $54 million. In the last quarter alone, insiders sold a total of 75,036 shares worth about $13.72 million, with 0.40% of the stock currently owned by company insiders.

Institutional investors have also been actively adjusting their stakes in Deckers Outdoor. For example, Sunbelt Securities Inc. increased its investment by 7.5% during the second quarter, while Northwestern Mutual Wealth Management Co. raised its stake by 2.6%. Evergreen Capital Management also expanded its investment by 5.7%. Currently, institutional investors hold approximately 97.79% of Deckers Outdoor stock.

About Deckers Outdoor

Deckers Outdoor Corporation designs, markets, and distributes footwear, apparel, and accessories for both lifestyle and high-performance activities, with offerings under well-known brands like UGG, HOKA, and Teva. The company operates globally, emphasizing premium quality and performance in its products.

Deckers, Stocks, Earnings