Deckers Outdoor (NYSE:DECK) Given New $92.00 Price Target at Raymond James Financial

Key Points

• Raymond James cut Deckers Outdoor’s price target to $92 from $105, implying 13.49% upside from the stock’s Friday close of $81.07. The shares fell 4.9% during the session.
• Analyst sentiment is mixed: 12 firms rate the stock Buy, 11 Hold and 4 Sell, resulting in an overall “Hold” rating and an average price target of $106.58. Piper Sandler and Goldman Sachs lowered targets to $75, while UBS maintained a much higher $137 objective.
• Deckers exceeded quarterly earnings expectations, supported by HOKA and UGG, but reduced its fiscal 2027 revenue outlook below consensus amid slower expected brand growth and increased promotions. Competitive discounting is raising concerns about the durability of premium footwear demand.

Deckers Outdoor (NYSE:DECK - Get Free Report) had its target price cut by analysts at Raymond James Financial from $105.00 to $92.00 in a research report issued on Friday. Raymond James Financial's price objective would indicate a potential upside of 13.49% from the company's current price.

Several other analysts have also issued reports on DECK. Barclays set a $100.00 price objective on shares of Deckers Outdoor in a report on Friday. Truist Financial set a $95.00 price target on shares of Deckers Outdoor and gave the company a "buy" rating in a research report on Friday. Piper Sandler downgraded shares of Deckers Outdoor from a "neutral" rating to an "underweight" rating and reduced their price target for the company from $100.00 to $75.00 in a research note on Friday. UBS Group set a $137.00 price objective on shares of Deckers Outdoor in a report on Friday. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $75.00 price objective (down from $86.00) on shares of Deckers Outdoor in a research report on Friday. Twelve equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $106.58.

Deckers Outdoor Stock Down 4.9%

NYSE:DECK traded down $4.21 on Friday, reaching $81.07. The company's stock had a trading volume of 4,937,910 shares, compared to its average volume of 2,540,872. Deckers Outdoor has a 12-month low of $77.20 and a 12-month high of $122.29. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.33 and a beta of 1.12. The stock has a 50 day moving average price of $83.67 and a 200 day moving average price of $97.00.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%. The company's revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 EPS. Equities research analysts expect that Deckers Outdoor will post 7.50 EPS for the current fiscal year.

Institutional Trading of Deckers Outdoor

A number of large investors have recently modified their holdings of DECK. BlackRock Inc. acquired a new stake in shares of Deckers Outdoor in the second quarter valued at $1,343,613,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Deckers Outdoor by 21.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,116,595 shares of the textile maker's stock worth $210,157,000 after purchasing an additional 374,923 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Deckers Outdoor by 123.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker's stock worth $180,464,000 after purchasing an additional 995,099 shares during the period. Amundi increased its holdings in Deckers Outdoor by 13.2% during the 1st quarter. Amundi now owns 1,611,174 shares of the textile maker's stock worth $161,262,000 after purchasing an additional 187,702 shares during the period. Finally, Caisse de depot et placement du Quebec acquired a new stake in Deckers Outdoor in the 2nd quarter valued at about $119,656,000. Hedge funds and other institutional investors own 97.79% of the company's stock.

Key Stories 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

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.

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