Expert Outlook: Deckers Outdoor Through The Eyes Of 11 Analysts
Portfolio Pulse from Benzinga Insights
Deckers Outdoor (NYSE:DECK) has been evaluated by 11 analysts in the past three months, with mixed sentiments. The average 12-month price target for DECK has risen 10.86% to $706.27. Analysts from firms including Piper Sandler, Wells Fargo, and Stifel have raised their price targets, reflecting positive views on the company's performance. Deckers Outdoor, known for brands like UGG and Teva, has shown strong financials with a 24.7% revenue growth rate, a net margin of 16.35%, and an ROE of 9.93%. The company's market capitalization is below the industry average, and it has a conservative debt-to-equity ratio of 0.14.
January 24, 2024 | 2:00 pm
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POSITIVE IMPACT
Deckers Outdoor's stock may see a positive short-term impact due to raised price targets by analysts and strong financial performance indicators such as revenue growth and net margin.
The positive revisions in price targets by multiple analysts suggest a bullish sentiment towards DECK. The company's strong financial performance, including high revenue growth and profitability, supports the potential for stock appreciation. The relevance and importance are high due to the direct impact of analyst ratings on investor sentiment. The confidence level is not at 100 due to the inherent unpredictability of market reactions to analyst ratings.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100