Fintel reports that on Nov 17, 2023, Truist Securities initiated coverage on Deckers Outdoor (NYSE:DECK) with to buy recommendation
Analytical Price Forecast Suggests 3.41% Up
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 last reported closing price of 620.51.
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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 Basic Sense?
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. DECK’s put/call ratio 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 its previous filing, the company reported owning 817K shares, representing an increase of 0.65%. The company increased its portfolio allocation in DECK by 9.00% during the last quarter.
IJH – iShares Core S&P Mid-Cap ETF holds 800K shares representing 3.11% ownership of the company. In its previous filing, the company reported owning 813K shares, representing decline of 1.70%. The company increased its portfolio allocation in DECK by 10.55% during the last quarter.
FBGRX – Fidelity Blue Chip Growth Fund holds 735K shares representing 2.86% ownership of the company. In its previous filing, the company reported owning 735K shares, representing decline of 0.11%. The company decreased its portfolio allocation in DECK by 7.93% during the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 681K shares representing 2.64% ownership of the company. In its previous filing, the company reported owning 690K shares, representing decline of 1.37%. The company increased its portfolio allocation in DECK by 10.16% during the last quarter.
Wellington Management Group Llp holds 679K shares representing 2.64% ownership of the company. In its previous filing, the company reported owning 700K shares, representing decline of 3.04%. The company decreased its portfolio allocation in DECK by 85.79% during 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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This story originally appeared on Fintel.
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