As of May 26, 2023, Deckers Outdoor (NYSE:DECK) has garnered the attention of 9 analysts over the course of the past 3 months. These analysts, who are employed by large Wall Street banks, have been tasked with understanding the company’s business in order to predict how the stock will perform over the upcoming year. Their ratings are classified as bullish, somewhat bullish, indifferent, somewhat bearish, and bearish.
Out of the 9 analysts, 3 have rated DECK as bullish, while 5 have rated it as somewhat bullish. One analyst has rated it as indifferent, with no analysts rating it as somewhat bearish or bearish. The company’s average price target is $536.11, with a high of $610.00 and a low of $480.00, based on the 12-month price targets offered by the analysts over the past 3 months.
The consensus rating for DECK is a Moderate Buy, based on the current 2 hold. Furthermore, the average price target has increased by 8.85% over the past month. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually over the upcoming five years, while also assessing the level of risk and predictability of the company’s revenue streams.
To arrive at their ratings, analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders. They typically rate each stock once per quarter or whenever the company has a major update.
DECK Stock: Impressive Earnings and Revenue Growth, Potential for Future Growth, and Upcoming Earnings Report
On May 26, 2023, DECK stock opened at 431.25, down from its previous close of 450.01. Throughout the day, the stock traded within a range of 427.21 to 472.95, with a volume of 719,401 shares. The market cap of DECK stands at $11.7B.
DECK has shown impressive earnings growth over the past year, with a growth rate of 20.48%. The expected earnings growth rate over the next five years is 25.18%. Revenue growth has also been impressive, with a growth rate of 23.53% over the past year.
The P/E ratio of DECK is 25.2, while the price/sales ratio is 2.42 and the price/book ratio is 7.81.
On May 26, 2023, DECK stock showed a decline in its opening price, but it still performed well compared to some of its peers.
DECK operates in the consumer non-durables sector, specifically in the apparel/footwear industry. The company is headquartered in Goleta, California.
DECK is expected to report its earnings for the current quarter on July 27, 2023. The EPS forecast for this quarter is $2.18.
In conclusion, DECK stock has good potential for growth in the future, and investors should keep an eye on the company’s upcoming earnings report on July 27, 2023.
Deckers Outdoor Corp Shows Promising Stock Performance with 18.64% Increase Predicted – Buy DECK Stock Before Q2 Earnings Report
Deckers Outdoor Corp, the American footwear and apparel company, has been showing promising stock performances in recent months. As of May 26, 2023, the median target price for DECK stock among 16 analysts is 550.00, with a high estimate of 610.00 and a low estimate of 395.00. This represents an 18.64% increase from the last recorded price of 463.58. The current consensus among the polled investment analysts is to buy DECK stock. Deckers Outdoor Corp is set to release its Q2 earnings report on July 27, 2023. The positive forecast for DECK stock can be attributed to the company’s strong financial performance in recent years. Additionally, the company has continued to expand its product offerings and has successfully entered new markets. Investors looking to capitalize on the positive outlook for DECK stock should consider buying shares before the Q2 earnings report is released. Overall, Deckers Outdoor Corp is a promising investment opportunity for investors.
Discussion about this post