Deckers Outdoor Corporation (NYSE:DECK) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Deckers Outdoor Corporation has received a consensus recommendation of "Hold" from 24 analysts, with one sell, thirteen hold, nine buy, and one strong buy ratings.
• The company reported $0.93 earnings per share for its last quarter, beating estimates and showing a 16.9% year-over-year increase in revenue.
• Deckers has approved a $2.25 billion stock buyback program, allowing for the repurchase of up to 11.7% of its stock, which indicates confidence in its value.

Deckers Outdoor Corporation (NYSE:DECK - Get Free Report) has received a consensus recommendation of "Hold" from the twenty-four analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $137.50.

DECK has been the topic of a number of analyst reports. Barclays increased their price target on shares of Deckers Outdoor from $128.00 to $134.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. UBS Group increased their price target on shares of Deckers Outdoor from $144.00 to $158.00 and gave the company a "buy" rating in a research report on Friday, July 25th. KeyCorp reiterated a "sector weight" rating and issued a $150.00 price target on shares of Deckers Outdoor in a research report on Friday, May 23rd. TD Securities increased their price target on shares of Deckers Outdoor from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, Cowen reiterated a "buy" rating on shares of Deckers Outdoor in a research report on Tuesday, May 20th.

Insiders Place Their Bets

In related news, Director Cindy L. Davis bought 1,825 shares of the company's stock in a transaction on Friday, June 6th. The shares were purchased at an average cost of $109.76 per share, for a total transaction of $200,312.00. Following the acquisition, the director owned 13,340 shares of the company's stock, valued at approximately $1,464,198.40. This represents a 15.85% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela Ogbechie sold 6,244 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $103.89, for a total transaction of $648,689.16. Following the sale, the insider owned 19,980 shares in the company, valued at $2,075,722.20. This trade represents a 23.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company's stock.

Institutional Trading of Deckers Outdoor

Hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Deckers Outdoor during the 2nd quarter worth approximately $223,036,000. Federated Hermes Inc. grew its stake in shares of Deckers Outdoor by 1,998.7% during the 1st quarter. Federated Hermes Inc. now owns 1,163,977 shares of the textile maker's stock worth $130,144,000 after acquiring an additional 1,108,516 shares in the last quarter. Tredje AP fonden grew its stake in shares of Deckers Outdoor by 507.2% during the 2nd quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker's stock worth $133,012,000 after acquiring an additional 1,077,965 shares in the last quarter. Nuveen LLC bought a new position in shares of Deckers Outdoor during the 1st quarter worth approximately $97,935,000. Finally, Swedbank AB grew its stake in shares of Deckers Outdoor by 1,038.9% during the 1st quarter. Swedbank AB now owns 758,683 shares of the textile maker's stock worth $84,828,000 after acquiring an additional 692,065 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $113.70 on Wednesday. The company has a market capitalization of $16.87 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 4.29 and a beta of 0.99. The firm's 50 day simple moving average is $104.70 and its 200 day simple moving average is $114.70. Deckers Outdoor has a fifty-two week low of $93.72 and a fifty-two week high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. The business had revenue of $964.54 million for the quarter, compared to the consensus estimate of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. Deckers Outdoor's revenue for the quarter was up 16.9% on a year-over-year basis. During the same period last year, the company posted $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Equities research analysts expect that Deckers Outdoor will post 5.89 earnings per share for the current year.

Deckers Outdoor announced that its Board of Directors has approved a stock repurchase program on Thursday, May 22nd that authorizes the company to buyback $2.25 billion in outstanding shares. This buyback authorization authorizes the textile maker to repurchase up to 11.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.

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