Deckers Outdoor (NYSE:DECK) Stock Gets Price Target Cut from Jefferies Financial Group

Key Points

• Jefferies cut Deckers Outdoor’s price target to $120 from $130 while maintaining a “hold” rating, implying roughly 48% upside from the cited $81.07 share price.
• Analyst sentiment remains mixed: UBS set a $137 target, while Wells Fargo and Piper Sandler issued bearish views. Overall, 12 analysts rate the stock a Buy, 11 a Hold and four a Sell, with an average target of $106.58.
• Deckers recently exceeded quarterly earnings expectations and reported 5.7% year-over-year revenue growth, but analysts remain concerned about slower HOKA and UGG growth, increased promotions and a reduced fiscal 2027 revenue outlook.

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price target cut by equities researchers at Jefferies Financial Group from $130.00 to $120.00 in a research note issued to investors on Friday. The brokerage currently has a "hold" rating on the textile maker's stock. Jefferies Financial Group's price target suggests a potential upside of 48.03% from the stock's previous close.

Several other equities analysts also recently weighed in on the stock. UBS Group set a $137.00 price target on shares of Deckers Outdoor in a report on Friday. Wells Fargo & Company set a $70.00 price objective on shares of Deckers Outdoor and gave the stock an "underweight" rating 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 objective for the company from $100.00 to $75.00 in a research report 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. Finally, Barclays set a $100.00 target price on shares of Deckers Outdoor 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $106.58.

Deckers Outdoor Price Performance

Deckers Outdoor stock traded down $4.21 during mid-day trading on Friday, reaching $81.07. The stock had a trading volume of 4,937,910 shares, compared to its average volume of 2,540,872. The company has a 50-day moving average price of $83.67 and a two-hundred day moving average price of $97.00. Deckers Outdoor has a one year low of $77.20 and a one year high of $122.29. The company has a market capitalization of $11.04 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 1.33 and a beta of 1.12.

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, beating 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 for the quarter, compared to analysts' expectations of $1.02 billion. During the same period in the prior year, the firm earned $0.93 EPS. The company's revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts anticipate that Deckers Outdoor will post 7.50 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Costello Asset Management INC boosted its position in Deckers Outdoor by 14.3% in 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 holdings in Deckers Outdoor by 1.1% during the 1st 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 period. Resonant Capital Advisors LLC increased its holdings in Deckers Outdoor by 3.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 4,250 shares of the textile maker's stock worth $425,000 after purchasing an additional 138 shares during the period. Tema ETFs LLC raised its position in Deckers Outdoor by 5.6% during the 2nd 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. Finally, waypoint wealth counsel raised its position in Deckers Outdoor by 5.3% during the 1st quarter. waypoint wealth counsel now owns 2,938 shares of the textile maker's stock valued at $294,000 after purchasing an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company's stock.

More Deckers Outdoor News

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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