Deckers Outdoor (NYSE:DECK) Price Target Cut to $90.00 by Analysts at Evercore

Key Points

• Evercore lowered Deckers Outdoor’s price target to $90 from $108, implying about 11% upside from the stock’s $81.07 price. The analyst consensus remains “Hold,” with an average target of $106.58.
• DECK shares fell 4.9% in Friday trading and are near their 12-month low, while other analysts also reduced targets; Wells Fargo assigned an “underweight” rating with a $70 target.
• Although the company recently exceeded quarterly EPS expectations and reported 5.7% year-over-year revenue growth, analysts remain concerned about slower HOKA and UGG growth, increased promotions and a reduced revenue outlook.

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price target lowered by analysts at Evercore from $108.00 to $90.00 in a report issued on Friday. Evercore's price target would indicate a potential upside of 11.02% from the stock's current price.

A number of other equities analysts also recently weighed in on DECK. UBS Group set a $137.00 price target on shares of Deckers Outdoor in a research note on Friday. Sanford C. Bernstein decreased their price target on Deckers Outdoor from $105.00 to $100.00 in a research note on Friday. Weiss Ratings cut Deckers Outdoor from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, September 3rd. Wells Fargo & Company set a $70.00 price objective on shares of Deckers Outdoor and gave the company an "underweight" rating in a research report on Friday. Finally, Needham & Company LLC cut their price target on Deckers Outdoor from $125.00 to $96.00 and set a "buy" rating on the stock in a report on Friday. Twelve research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $106.58.

Deckers Outdoor Stock Down 4.9%

NYSE:DECK traded down $4.21 during trading hours on Friday, reaching $81.07. 4,937,910 shares of the company's stock were exchanged, compared to its average volume of 2,540,872. The company has a market capitalization of $11.04 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 1.33 and a beta of 1.12. Deckers Outdoor has a 12 month low of $77.20 and a 12 month high of $122.29. The business's 50-day simple moving average is $83.67 and its two-hundred day simple moving average is $97.00.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Danske Bank A S bought a new position in shares of Deckers Outdoor during the second quarter worth approximately $46,235,000. CX Institutional increased its position in shares of Deckers Outdoor by 41.0% in the third quarter. CX Institutional now owns 65,089 shares of the textile maker's stock worth $5,343,000 after purchasing an additional 18,921 shares during the period. Private Wealth Advisors LLC acquired a new position in Deckers Outdoor in the second quarter valued at about $4,634,000. TD Waterhouse Canada Inc. lifted its position in Deckers Outdoor by 2,708.0% during 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 period. Finally, QRG Capital Management Inc. lifted its position in Deckers Outdoor by 668.3% during the second quarter. QRG Capital Management Inc. now owns 58,724 shares of the textile maker's stock worth $5,831,000 after purchasing an additional 51,081 shares during the period. 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

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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