Needham & Company LLC Issues Pessimistic Forecast for Deckers Outdoor (NYSE:DECK) Stock Price

Deckers Outdoor (NYSE:DECK) had its price target cut by stock analysts at Needham & Company LLC from $125.00 to $96.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the textile maker’s stock. Needham & Company LLC‘s price target points to a potential upside of 12.34% from the stock’s previous close.

DECK has been the subject of several other research reports. UBS Group set a $137.00 target price on shares of Deckers Outdoor in a report on Friday. Telsey Advisory Group reissued a “market perform” rating and issued a $105.00 price target on shares of Deckers Outdoor in a research report on Thursday, October 15th. BMO Capital Markets assumed coverage on shares of Deckers Outdoor in a research report on Tuesday, September 8th. They issued an “underperform” rating and a $70.00 price target for the company. Robert W. Baird decreased their price objective on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Finally, Truist Financial dropped their price objective on Deckers Outdoor from $125.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $108.84.

Deckers Outdoor Stock Performance

DECK opened at $85.46 on Friday. Deckers Outdoor has a one year low of $77.20 and a one year high of $122.29. The company has a market cap of $11.64 billion, a P/E ratio of 12.12, a PEG ratio of 1.33 and a beta of 1.12. The business’s 50-day simple moving average is $83.67 and its 200-day simple moving average is $97.00.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. As a group, analysts predict that Deckers Outdoor will post 7.50 earnings per share for the current fiscal year.

Institutional Trading of Deckers Outdoor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Orion Capital Management LLC acquired a new position in shares of Deckers Outdoor in the second quarter valued at approximately $30,000. Pension & Wealth Management Advisors Inc. acquired a new position in Deckers Outdoor in the 3rd quarter valued at $31,000. Continuum Advisory LLC acquired a new position in Deckers Outdoor in the 2nd quarter valued at $38,000. SBI Securities Co. Ltd. raised its position in Deckers Outdoor by 49.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 601 shares of the textile maker’s stock worth $47,000 after buying an additional 198 shares during the last quarter. Finally, Toth Financial Advisory Corp raised its position in Deckers Outdoor by 785.7% during the 3rd quarter. Toth Financial Advisory Corp now owns 620 shares of the textile maker’s stock worth $48,000 after buying an additional 550 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Deckers Outdoor

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

• Positive Sentiment: Fiscal second-quarter earnings exceeded expectations, supported by cost control and margin expansion. Reported revenue rose approximately 3.5% year over year to $1.48 billion, while earnings per share surpassed consensus estimates. Deckers Brands Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: HOKA revenue increased 7%, including 9% growth in wholesale sales, while UGG also contributed to revenue growth. Management said disciplined marketplace management helped protect profitability. Deckers Q2 2027 Earnings Call Highlights
• Neutral Sentiment: Deckers appointed Rati Sahi Levesque to its board of directors, adding a retail executive with relevant industry experience but no immediate financial impact. Deckers Appoints Rati Sahi Levesque to Board
• Negative Sentiment: Revenue of $1.48 billion fell short of the roughly $1.51 billion analyst consensus, making the profit beat less compelling to investors. Deckers Q2 Revenue Earnings Flash
• Negative Sentiment: Management lowered fiscal 2027 revenue guidance to $5.70 billion-$5.725 billion and forecast EPS of $7.80-$7.95, citing slower HOKA and UGG growth and higher U.S. promotional activity. Deckers Lowers Outlook Amid Higher Promotions
• Negative Sentiment: Investors are concerned that aggressive discounting by competitors is pressuring premium footwear brands, potentially forcing Deckers to increase promotions and weakening future margins. A tariff refund also boosted the quarter, raising concerns about the underlying quality of the earnings beat. Reuters: Discounts Pressure Premium Brands

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.