While Deckers Outdoor Corp has underperformed by -5.09%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DECK rose by 61.68%, with highs and lows ranging from $184.48 to $96.90, whereas the simple moving average jumped by 6.06% in the last 200 days.
On October 25, 2024, Telsey Advisory Group Reiterated Deckers Outdoor Corp (NYSE: DECK) to Outperform. A report published by BTIG Research on October 22, 2024, Downgraded its rating to ‘Neutral’ for DECK. Truist Reiterated the rating as Buy on October 08, 2024, but set its price target from $204.17 to $205. Seaport Research Partners October 07, 2024d its ‘Buy’ rating to ‘Neutral’ for DECK, as published in its report on October 07, 2024. Piper Sandler’s report from August 23, 2024 suggests a price prediction of $1000 for DECK shares, giving the stock a ‘Neutral’ rating. Truist also rated the stock as ‘Buy’.
Analysis of Deckers Outdoor Corp (DECK)
Further, the quarter-over-quarter increase in sales is 20.08%, showing a positive trend in the upcoming months.
One of the most important indicators of Deckers Outdoor Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 43.57% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.20, 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.
For any stock, average volume can also provide valuable insight into volatility, and DECK is recording 1.91M average volume. On a monthly basis, the volatility of the stock is set at 3.01%, whereas on a weekly basis, it is put at 3.74%, with a gain of 5.82% over the past seven days. Furthermore, long-term investors anticipate a median target price of $191.06, showing growth from the present price of $160.89, 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?
The Footwear & Accessories market is dominated by Deckers Outdoor Corp (DECK) based in the USA. 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 28.30, there is a growth in quarterly earnings of 39.87%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 98.07% 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 98.07% at present.
