Fintel reports that on November 17, 2023, Truist Securities initiated coverage of Deckers Outdoor (NYSE:DECK) with a Buy recommendation.
Analyst Price Forecast Suggests 3.41% Upside
As of November 1, 2023, the average one-year price target for Deckers Outdoor is 641.70. The forecasts range from a low of 505.00 to a high of $787.50. The average price target represents an increase of 3.41% from its latest reported closing price of 620.51.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Deckers Outdoor is 3,985MM, an increase of 2.05%. The projected annual non-GAAP EPS is 22.00.
What is the Fund Sentiment?
There are 1255 funds or institutions reporting positions in Deckers Outdoor. This is an increase of 50 owner(s) or 4.15% in the last quarter. Average portfolio weight of all funds dedicated to DECK is 0.36%, a decrease of 9.15%. Total shares owned by institutions increased in the last three months by 0.03% to 29,305K shares. 
The put/call ratio of DECK is 1.28, indicating a bearish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 822K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 817K shares, representing an increase of 0.65%. The firm increased its portfolio allocation in DECK by 9.00% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 800K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 813K shares, representing a decrease of 1.70%. The firm increased its portfolio allocation in DECK by 10.55% over the last quarter.
FBGRX - Fidelity Blue Chip Growth Fund holds 735K shares representing 2.86% ownership of the company. In it's prior filing, the firm reported owning 735K shares, representing a decrease of 0.11%. The firm decreased its portfolio allocation in DECK by 7.93% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 681K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 690K shares, representing a decrease of 1.37%. The firm increased its portfolio allocation in DECK by 10.16% over the last quarter.
Wellington Management Group Llp holds 679K shares representing 2.64% ownership of the company. In it's prior filing, the firm reported owning 700K shares, representing a decrease of 3.04%. The firm decreased its portfolio allocation in DECK by 85.79% 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.
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