While Deckers Outdoor Corp. has overperformed by 0.72%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DECK rose by 83.88%, with highs and lows ranging from $184.48 to $80.67, whereas the simple moving average jumped by 1.04% in the last 200 days.
On October 22, 2024, BTIG Research Downgraded Deckers Outdoor Corp. (NYSE: DECK) to Neutral. A report published by Guggenheim on October 09, 2024, Initiated its previous ‘Neutral’ rating for DECK. Truist also reiterated DECK shares as ‘Buy’, quoting a target price of $205 on the company’s shares in a report dated October 08, 2024. Piper Sandler initiated its ‘Neutral’ rating for DECK, as published in its report on August 23, 2024. Truist’s report from May 28, 2024 suggests a price prediction of $1200 for DECK shares, giving the stock a ‘Buy’ rating. Telsey Advisory Group also rated the stock as ‘Outperform’.
Analysis of Deckers Outdoor Corp. (DECK)
Further, the quarter-over-quarter increase in sales is 22.13%, showing a positive trend in the upcoming months.
Deckers Outdoor Corp.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 41.87% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.04, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and DECK has an average volume of 1.94M. On a monthly basis, the volatility of the stock is set at 2.91%, whereas on a weekly basis, it is put at 2.45%, with a loss of -5.16% over the past seven days. Furthermore, long-term investors anticipate a median target price of $180.61, showing growth from the present price of $152.04, which can serve as yet another indication of whether DECK is worth investing in or should be passed over.
How Do You Analyze Deckers Outdoor Corp. Shares?
Footwear & Accessories giant Deckers Outdoor Corp. (DECK) is based in the USA and is one of the largest companies in the market. When comparing Deckers Outdoor Corp. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 29.06, there is a growth in quarterly earnings of 87.20%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.88%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 97.93% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DECK shares are owned by institutional investors to the tune of 97.93% at present.
