Deckers Outdoor (NYSE:DECK) Coverage Initiated by Analysts at Sanford C. Bernstein

Key Points

• Analysts at Sanford C. Bernstein have initiated coverage of Deckers Outdoor with an "underperform" rating and a price target of $100, indicating a potential downside of 15.84% from its previous close.
• Deckers Outdoor reported a quarterly earnings per share (EPS) of $0.93, beating expectations of $0.68, with revenue reaching $964.54 million, up 16.9% from the previous year.
• The company has authorized a $2.25 billion stock repurchase program, allowing it to buy back up to 11.7% of its shares, suggesting the board believes the stock is undervalued.

Sanford C. Bernstein started coverage on shares of Deckers Outdoor (NYSE:DECK - Get Free Report) in a report issued on Thursday, Marketbeat.com reports. The firm set an "underperform" rating and a $100.00 price target on the textile maker's stock. Sanford C. Bernstein's target price would suggest a potential downside of 12.14% from the company's current price.

Several other equities analysts have also recently issued reports on the company. Wells Fargo & Company boosted their price objective on Deckers Outdoor from $90.00 to $100.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. The Goldman Sachs Group reduced their price target on Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating for the company in a report on Tuesday, July 22nd. Bank of America reduced their price target on Deckers Outdoor from $128.00 to $114.00 and set a "neutral" rating for the company in a report on Thursday, July 17th. Barclays upped their price target on Deckers Outdoor from $134.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Finally, Needham & Company LLC reissued a "buy" rating and set a $128.00 target price (up previously from $120.00) on shares of Deckers Outdoor in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $135.89.

Deckers Outdoor Trading Down 1.4%

Shares of NYSE:DECK traded down $1.61 on Thursday, reaching $113.82. The company had a trading volume of 4,543,723 shares, compared to its average volume of 2,480,979. Deckers Outdoor has a 52-week low of $93.72 and a 52-week high of $223.98. The firm's 50 day simple moving average is $110.11 and its 200-day simple moving average is $111.05. The firm has a market capitalization of $16.88 billion, a PE ratio of 17.46, a PEG ratio of 4.29 and a beta of 1.05.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.25. Deckers Outdoor had a return on equity of 40.49% and a net margin of 19.42%.The business had revenue of $964.54 million for the quarter, compared to the consensus estimate of $901.45 million. During the same period last year, the business posted $4.52 EPS. The business's revenue was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts predict that Deckers Outdoor will post 5.89 earnings per share for the current year.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the sale, the director directly owned 10,979 shares in the company, valued at approximately $1,295,741.58. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company's stock.

Institutional Trading of Deckers Outdoor

Institutional investors have recently added to or reduced their stakes in the business. Marks Group Wealth Management Inc boosted its position in Deckers Outdoor by 15.4% during the 1st quarter. Marks Group Wealth Management Inc now owns 62,902 shares of the textile maker's stock worth $7,033,000 after purchasing an additional 8,410 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Deckers Outdoor by 17.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock worth $1,997,000 after purchasing an additional 2,706 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Deckers Outdoor by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock worth $116,310,000 after purchasing an additional 39,211 shares during the period. Park Avenue Securities LLC boosted its position in Deckers Outdoor by 32.3% during the 1st quarter. Park Avenue Securities LLC now owns 26,929 shares of the textile maker's stock worth $3,011,000 after purchasing an additional 6,569 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Deckers Outdoor by 17.7% in the 1st quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock worth $65,716,000 after buying an additional 88,179 shares in the last quarter. 97.79% of the stock is owned by hedge funds and other institutional investors.

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.