At the time of writing, Deckers Outdoor Corp. [DECK] stock is trading at $921.22, up 2.96%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DECK shares have gain 4.22% over the last week, with a monthly amount drifted -7.87%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Deckers Outdoor Corp. [NYSE: DECK] stock has seen the most recent analyst activity on May 28, 2024, when Truist upgraded its rating to a Buy and also boosted its price target to $1200 from $1011. Previously, Telsey Advisory Group reaffirmed its Outperform rating on May 24, 2024, and elevated its price target to $1100. On May 20, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $985 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $860 on April 25, 2024. Truist downgraded its rating to a Hold and reduced its price target to $864 on April 10, 2024. Barclays started tracking with a Overweight rating for this stock on April 01, 2024, and assigned it a price target of $1110. In a note dated February 15, 2024, Evercore ISI initiated an Outperform rating and provided a target price of $960 on this stock.
For the past year, the stock price of Deckers Outdoor Corp. fluctuated between $484.02 and $1106.89. Currently, Wall Street analysts expect the stock to reach $968.5 within the next 12 months. Deckers Outdoor Corp. [NYSE: DECK] shares were valued at $921.22 at the most recent close of the market. An investor can expect a potential return of 5.13% based on the average DECK price forecast.
Analyzing the DECK fundamentals
According to Deckers Outdoor Corp. [NYSE:DECK], the company’s sales were 4.44B for trailing twelve months, which represents an 22.13% jump. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.25, Equity is 0.4 and Total Capital is 0.41. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 897.69 points at the first support level, and at 874.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 938.51, and for the 2nd resistance point, it is at 955.80.
Ratios To Look Out For
It is important to note that Deckers Outdoor Corp. [NYSE:DECK] has a current ratio of 2.86. In addition, the Quick Ratio stands at 2.04 and the Cash Ratio stands at 1.58. Considering the valuation of this stock, the price to sales ratio is 5.27, the price to book ratio is 11.19 and price to earnings (TTM) ratio is 29.34.
Transactions by insiders
Recent insider trading involved Powers David, President & CEO, that happened on Jun 06 ’24 when 10955.0 shares were sold. Chief Commercial Officer, Stefano Caroti completed a deal on Jun 06 ’24 to sell 5000.0 shares. Meanwhile, Chief Supply Chain Officer Ogbechie Angela sold 153.0 shares on May 31 ’24.
