Deckers Outdoor (NYSE:DECK) Price Target Cut to $100.00 by Analysts at Sanford C. Bernstein

Key Points

• Sanford C. Bernstein lowered Deckers Outdoor’s price target to $100 from $105, implying 23.36% upside from the prior close. The broader analyst consensus is “Hold,” with a $106.58 target based on 12 Buy, 11 Hold and 4 Sell ratings.
• Deckers shares fell $4.21 to $81.07, near the lower end of their 52-week range of $77.20 to $122.29. Other analysts also reduced targets, including Goldman Sachs to $75 and Wells Fargo to $70, although Raymond James maintained an “outperform” rating.
• The company beat quarterly earnings expectations, reporting $0.94 in EPS versus $0.88 expected and $1.02 billion in revenue, but its outlook faces pressure from slower HOKA and UGG growth, increased promotions and aggressive competitor discounting. Institutional investors own approximately 97.79% of the stock.

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price objective lowered by equities researchers at Sanford C. Bernstein from $105.00 to $100.00 in a note issued to investors on Friday. Sanford C. Bernstein's price objective would suggest a potential upside of 23.36% from the stock's previous close.

DECK has been the subject of several other reports. The Goldman Sachs Group restated a "sell" rating and set a $75.00 target price (down from $86.00) on shares of Deckers Outdoor in a research report on Friday. Barclays set a $100.00 price target on Deckers Outdoor in a 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 report on Friday. Raymond James Financial set a $105.00 price objective on Deckers Outdoor and gave the stock an "outperform" rating in a report on Friday, October 16th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $90.00 price objective on shares of Deckers Outdoor in a research report on Friday. Twelve investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $106.58.

Deckers Outdoor Price Performance

Shares of DECK traded down $4.21 during mid-day trading on Friday, hitting $81.07. The stock had a trading volume of 4,937,910 shares, compared to its average volume of 2,540,872. The firm 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 business has a fifty day moving average price of $83.67 and a 200-day moving average price of $97.00. Deckers Outdoor has a 52 week low of $77.20 and a 52 week high of $122.29.

Deckers Outdoor (NYSE:DECK - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the business earned $0.93 EPS. Deckers Outdoor's revenue was up 5.7% compared to the same quarter last year. As a group, research analysts expect that Deckers Outdoor will post 7.50 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently modified their holdings of the stock. Costello Asset Management INC lifted its holdings in shares of 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 buying an additional 100 shares during the period. Cim LLC increased 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 in the last quarter. Resonant Capital Advisors LLC boosted its stake in shares of Deckers Outdoor by 3.4% in the first quarter. Resonant Capital Advisors LLC now owns 4,250 shares of the textile maker's stock worth $425,000 after acquiring an additional 138 shares during the period. Tema ETFs LLC lifted its holdings in shares of Deckers Outdoor by 5.6% in the second quarter. Tema ETFs LLC now owns 2,734 shares of the textile maker's stock worth $271,000 after buying an additional 145 shares in the last quarter. Finally, waypoint wealth counsel increased its holdings in shares of Deckers Outdoor by 5.3% in the first quarter. waypoint wealth counsel now owns 2,938 shares of the textile maker's stock worth $294,000 after purchasing an additional 148 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors.

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

About Deckers Outdoor

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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