Fintel reports that on July 25, 2023, TD Cowen maintained coverage of Deckers Outdoor (NYSE:DECK) with a Outperform recommendation.
Analyst Price Forecast Suggests 2.63% Downside
As of July 5, 2023, the average one-year price target for Deckers Outdoor is 540.72. The forecasts range from a low of 398.95 to a high of $640.50. The average price target represents a decrease of 2.63% from its latest reported closing price of 555.35.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 11.57%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1168 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 110 owner(s) or 10.40% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.42%, a decrease of 4.01%. Total shares owned by institutions decreased in the last three months by 4.75% to 30,040K shares. 
The put/call ratio of DECK is 1.01, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 817K shares representing 3.12% ownership of the company. In it's prior filing, the firm reported owning 805K shares, representing an increase of 1.45%. The firm increased its portfolio allocation in DECK by 5.53% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 813K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing a decrease of 0.51%. The firm increased its portfolio allocation in DECK by 7.24% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.81% ownership of the company. In it's prior filing, the firm reported owning 743K shares, representing a decrease of 1.03%. The firm increased its portfolio allocation in DECK by 6.56% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 690K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 682K shares, representing an increase of 1.16%. The firm increased its portfolio allocation in DECK by 9.37% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 598K shares representing 2.29% ownership of the company. In it's prior filing, the firm reported owning 604K shares, representing a decrease of 1.10%. The firm increased its portfolio allocation in DECK by 6.01% over the last quarter.
Deckers Outdoor Background Information
(This description is provided by the company.)
Deckers Outdoor Corporation, doing business as Deckers Brands, is a footwear designer and distributor based in Goleta, California, United States. It was founded in 1973 by University of California, Santa Barbara alumni Doug Otto and Karl F. Lopker.
Additional reading:
- Time-Based RSU) under Deckers Outdoor Corporation 2015 Stock Incentive Plan
- Form of Restricted Stock Unit Award Agreement under Deckers Outdoor Corporation 2015 Stock Incentive Plan FY 202
- Form of Restricted Stock Unit Award Agreement under Decker
- Subsidiaries of Registrant
- DECKERS BRANDS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2023 FINANCIAL RESULTS
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
