Currently, Deckers Outdoor Corp. [DECK] is trading at $157.26, up 1.79%. An important factor to consider is whether the stock is rising or falling in short-term value. The DECK shares have gain 3.39% over the last week, with a monthly amount drifted -0.97%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Truist upgraded its rating to Buy on May 28, 2024, and elevated its price target to $1200. On May 24, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $1100 on the stock. Telsey Advisory Group reiterated its Outperform rating and increased its price target to $985 on May 20, 2024. BofA Securities downgraded its rating to a Neutral and reduced its price target to $860 on April 25, 2024. Truist downgraded its rating to Hold for this stock on April 10, 2024, and downed its price target to $864. In a note dated April 01, 2024, Barclays initiated an Overweight rating and provided a target price of $1110 on this stock.
This stock has fluctuated between a low of $80.67 and a high of $184.48 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $909.38 within the next 12 months. Deckers Outdoor Corp. [NYSE: DECK] shares were valued at $157.26 at the most recent close of the market. An investor can expect a potential return of 478.27% based on the average DECK price forecast.
Analyzing the DECK fundamentals
Trailing Twelve Months sales for Deckers Outdoor Corp. [NYSE:DECK] were 4.44B which represents 22.13% growth. Gross Profit Margin for this corporation currently stands at 0.56% 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 0.13.
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 154.18 points at the first support level, and at 151.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 159.51, and for the 2nd resistance point, it is at 161.77.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Deckers Outdoor Corp. [NYSE:DECK] is 2.86. On the other hand, the Quick Ratio is 2.04, and the Cash Ratio is 1.58. Considering the valuation of this stock, the price to sales ratio is 5.40, the price to book ratio is 11.56 and price to earnings (TTM) ratio is 30.06.
Transactions by insiders
Recent insider trading involved Powers David, Director, that happened on Sep 06 ’24 when 3912.0 shares were sold. Director, Ibrahim Maha Saleh completed a deal on Sep 06 ’24 to sell 50.0 shares. Meanwhile, Director Ibrahim Maha Saleh bought 50.0 shares on Sep 06 ’24.
