Deckers Outdoor (NYSE:DECK) Stock Price Target Cut by Evercore

Deckers Outdoor (NYSE:DECK) had its price target decreased by research analysts at Evercore from $108.00 to $90.00 in a note issued to investors on Friday. Evercore‘s price objective points to a potential upside of 11.02% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Sanford C. Bernstein cut their target price on shares of Deckers Outdoor from $105.00 to $100.00 in a research report on Friday. Wells Fargo & Company set a $70.00 price target on Deckers Outdoor and gave the company an “underweight” rating in a research note on Friday. Telsey Advisory Group reissued a “market perform” rating and set a $90.00 target price on shares of Deckers Outdoor in a research report on Friday. Needham & Company LLC dropped their target price on shares of Deckers Outdoor from $125.00 to $96.00 and set a “buy” rating on the stock in a report on Friday. Finally, Raymond James Financial dropped their price objective on Deckers Outdoor from $105.00 to $92.00 in a research note on Friday. Twelve equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $106.58.

Deckers Outdoor Stock Down 4.9%

Shares of NYSE DECK traded down $4.21 during midday trading on Friday, reaching $81.07. 4,937,910 shares of the company were exchanged, compared to its average volume of 2,540,872. Deckers Outdoor has a one year low of $77.20 and a one year high of $122.29. The stock has a market cap of $11.04 billion, a P/E ratio of 11.54, a PEG ratio of 1.33 and a beta of 1.12. The stock’s 50-day moving average price is $83.67 and its 200-day moving average price is $97.00.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%. Deckers Outdoor’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. On average, equities research analysts anticipate that Deckers Outdoor will post 7.50 EPS for the current year.

Hedge Funds Weigh In On Deckers Outdoor

A number of institutional investors have recently made changes to their positions in the stock. Danske Bank A S bought a new stake in Deckers Outdoor in the second quarter worth $46,235,000. CX Institutional lifted its position in Deckers Outdoor by 41.0% in the third quarter. CX Institutional now owns 65,089 shares of the textile maker’s stock valued at $5,343,000 after purchasing an additional 18,921 shares during the last quarter. Private Wealth Advisors LLC purchased a new stake in shares of Deckers Outdoor during the second quarter valued at approximately $4,634,000. TD Waterhouse Canada Inc. grew its holdings in shares of Deckers Outdoor by 2,708.0% in the third quarter. TD Waterhouse Canada Inc. now owns 30,663 shares of the textile maker’s stock worth $2,396,000 after purchasing an additional 29,571 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in Deckers Outdoor by 668.3% during the 2nd quarter. QRG Capital Management Inc. now owns 58,724 shares of the textile maker’s stock valued at $5,831,000 after buying an additional 51,081 shares during the last quarter. Institutional investors own 97.79% of the company’s stock.

Deckers Outdoor News Summary

Here are the key news stories impacting Deckers Outdoor this week:

• Positive Sentiment: Deckers reported fiscal second-quarter adjusted earnings of approximately $2.03–$2.31 per share, above analyst expectations near $1.79–$1.82. Revenue rose about 3.5% year over year to $1.48 billion, while HOKA revenue increased 7% to $677 million. Deckers Beats Q2 Earnings Estimates
• Positive Sentiment: Management said HOKA and UGG continue to retain full pricing power, and disciplined inventory and marketplace management helped support margins. Analysts at Truist, Stifel and Needham maintained “buy” ratings despite lowering their price targets, leaving substantial implied upside from current levels. Deckers Retains Pricing Power
• Neutral Sentiment: Deckers appointed Rati Sahi Levesque to its board of directors. The governance change is unlikely to be a major near-term stock catalyst. Deckers Appoints New Director
• Negative Sentiment: Fiscal 2027 revenue guidance was reduced to approximately $5.7 billion–$5.725 billion, below the roughly $5.9 billion consensus estimate. Management cited slower expected growth for HOKA and UGG and higher U.S. promotions, while second-quarter revenue also missed estimates of about $1.51 billion. Deckers Cuts Sales Outlook
• Negative Sentiment: The outlook cut reinforced concerns that aggressive discounting by competitors is pressuring premium footwear demand and could make Deckers’ growth less durable. Truist lowered its price target to $95 from $105, while other firms also reduced targets, despite retaining positive ratings. Premium Footwear Discounts Pressure Deckers

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.