Deckers Outdoor (DECK)

• Market cap: $30.6B
• 1 day: -2.84%
• 5 days: -4.23%
• 1 month: -2.43%
• 3 months: 25.43%
• 6 months: 34.46%
• Year to date: -1.44%
• 1 year: 67.58%
• 5 years: 620.77%
• 10 years: 1,194.80%
• Sector: Materials
• Industry: Rubber & Plastics Footwear

About: Founded in 1973, California-based Deckers designs and sells casual and performance footwear, apparel, and accessories. In fiscal 2024, Ugg and Hoka accounted for 52% and 42% of total sales, respectively. The firm also markets niche brands Teva, Ahnu, and Koolaburra. Deckers generates most of its sales through wholesale partnerships, but also operates e-commerce in more than 50 countries and about 178 company-operated stores. The company generated 67% of its fiscal 2024 sales in the United States.

Employees: 4,800

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

3,542% more repeat investments, than reductions

Existing positions increased: 692 | Existing positions reduced: 19

28% more call options, than puts

Call options by funds: $462M | Put options by funds: $361M

4% less first-time investments, than exits

New positions opened: 106 | Existing positions closed: 110

2% less funds holding

Funds holding: 835 [Q2] → 822 (-13) [Q3]

4.93% less ownership

Funds ownership: 101.36% [Q2] → 96.43% (-4.93%) [Q3]

6% less capital invested

Capital invested by funds: $24.9B [Q2] → $23.5B (-$1.48B) [Q3]

9% less funds holding in top 10

Funds holding in top 10: 11 [Q2] → 10 (-1) [Q3]

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $181 10% downside
• Avg. target: $210 4% upside
• High target: $246 22% upside

12 analyst ratings

• positive: 9 75%
• neutral: 3 25%
• negative: 0 0%

Wells Fargo Ike Boruchow 57% 1-year accuracy 25 / 44 met price target	7% upside $215	Equal-Weight Maintained	10 Jan 2025
Evercore ISI Group JESALYN Wong 80% 1-year accuracy 8 / 10 met price target	17% upside $235	Outperform Maintained	9 Jan 2025
Needham Tom Nikic 50% 1-year accuracy 23 / 46 met price target	22% upside $246	Buy Maintained	6 Jan 2025
Baird Jonathan Komp 76% 1-year accuracy 16 / 21 met price target	12% upside $225	Outperform Maintained	6 Dec 2024
Keybanc Ashley Owens 64% 1-year accuracy 7 / 11 met price target	6% upside $213	Overweight Maintained	6 Dec 2024