Monthly Stock Report: Deckers Outdoor Corporation (DECK)
Publication Date: September 22, 2024
Company Overview
Deckers Outdoor Corporation (DECK) is a prominent player in the Consumer Cyclical sector, specializing in the design, marketing, and distribution of footwear, apparel, and accessories. Based in Goleta, California, and established in 1973, Deckers is home to notable brands such as UGG, HOKA, Teva, Sanuk, Koolaburra, and AHNU. These brands cater to a diverse range of consumer needs, from casual lifestyle choices to high-performance requirements. With a robust sales strategy that includes e-commerce and retail channels, Deckers connects with customers both domestically and globally. The total revenue for the footwear and accessories industry has reached approximately $4.44 billion, highlighting the strong market demand and growth potential in this dynamic sector.
Financial Outlook
Deckers Outdoor Corporation currently has 152,463,008 shares outstanding, with 5,079,486 shares short, signifying about 5.51% of the float. The stock is priced at $150.73, with a projected high target price of $225.00—offering an enticing upside potential of approximately 49%. Analysts have established a mean target price of $180.16, suggesting favorable growth expectations. The financial metrics indicate a healthy business performance, with reported revenue of $4,437,319,168. Despite the unavailability of EBITDA data, the stock appears to hold significant growth potential, warranting attention from value-focused investors.
Market Sentiment and Performance
Deckers’ stock showcases a 52-week high of $184.48 and a low of $80.67, reflecting notable volatility. Currently, the price is slightly below its fifty-day moving average of $151.69, hinting at minor underperformance in the short term. Nevertheless, investor sentiment remains moderately positive, as reflected by a mean recommendation score of 2.2 from 22 analysts, which supports a bullish outlook. With a target low price of $147.83 and a clear preference for a buying strategy, Deckers presents an intriguing opportunity for investors looking to capitalize on future price movements in a thriving sector.
| Metric | Value |
|---|---|
| Market Cap | $23.0b |
| Total Debt | $262.4m |
| Total Cash | $1.4b |
| Shares Outstanding | 152.5m |
| Float Shares | 151.0m |
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