Deckers Outdoor (NYSE:DECK) Sees Unusually-High Trading Volume – Time to Buy?

Deckers Outdoor Corporation (NYSE:DECK) shares saw an uptick in trading volume on Friday. 2,331,279 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 2,521,829 shares. The stock last traded at $82.1460 and had previously closed at $85.28.

Key Headlines Impacting Deckers Outdoor

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. UBS Group set a $137.00 target price on shares of Deckers Outdoor in a research note on Friday. Raymond James Financial set a $105.00 target price on shares of Deckers Outdoor and gave the company an “outperform” rating in a research note on Friday, October 16th. Barclays set a $100.00 target price on shares of Deckers Outdoor in a research note on Friday. Piper Sandler downgraded shares of Deckers Outdoor from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $100.00 to $75.00 in a research note on Friday. Finally, Robert W. Baird set a $95.00 target price on Deckers Outdoor in a report on Friday. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $102.00.

Deckers Outdoor Trading Down 5.5%

The company has a market cap of $10.98 billion, a P/E ratio of 11.44, a PEG ratio of 1.33 and a beta of 1.12. The business’s fifty day moving average is $83.67 and its 200 day moving average is $97.00.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. The company had revenue of $1.02 billion during 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 revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. As a group, research analysts expect that Deckers Outdoor Corporation will post 7.50 EPS for the current fiscal year.

Hedge Funds Weigh In On Deckers Outdoor

Large investors have recently made changes to their positions in the business. Costello Asset Management INC boosted its stake in Deckers Outdoor by 14.3% during the 1st quarter. Costello Asset Management INC now owns 800 shares of the textile maker’s stock valued at $80,000 after purchasing an additional 100 shares during the last quarter. Hilton Head Capital Partners LLC raised its stake in shares of Deckers Outdoor by 29.8% in the first quarter. Hilton Head Capital Partners LLC now owns 440 shares of the textile maker’s stock worth $44,000 after purchasing an additional 101 shares during the last quarter. Cim LLC raised its stake in shares of Deckers Outdoor by 1.1% in the first quarter. Cim LLC now owns 12,207 shares of the textile maker’s stock worth $1,222,000 after purchasing an additional 133 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Deckers Outdoor by 3.4% during the first quarter. Resonant Capital Advisors LLC now owns 4,250 shares of the textile maker’s stock valued at $425,000 after purchasing an additional 138 shares in the last quarter. Finally, Tema ETFs LLC lifted its holdings in shares of Deckers Outdoor by 5.6% during the second quarter. Tema ETFs LLC now owns 2,734 shares of the textile maker’s stock valued at $271,000 after purchasing an additional 145 shares in the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

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.