Deckers Outdoor (NYSE:DECK) Issues Earnings Results, Beats Expectations By $0.24 EPS

Key Points

• Deckers Outdoor reported earnings of $1.82 per share for the quarter, surpassing analysts' expectations of $1.57 by a notable margin.
• The company's shares rose by 1.9%, trading at $102.79 with a market capitalization of $15.25 billion.
• Analysts have given Deckers Outdoor an average rating of "Moderate Buy" with a consensus price target of $131.11.

Deckers Outdoor (NYSE:DECK - Get Free Report) issued its quarterly earnings data on Thursday. The textile maker reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.58 by $0.24, Zacks reports. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. During the same quarter in the previous year, the company earned $1.59 earnings per share. Deckers Outdoor's quarterly revenue was up 9.1% compared to the same quarter last year. Deckers Outdoor updated its FY 2026 guidance to 6.300-6.390 EPS.

Deckers Outdoor Trading Up 1.9%

NYSE DECK traded up $1.90 during trading on Thursday, hitting $102.79. The company had a trading volume of 8,776,005 shares, compared to its average volume of 3,304,164. Deckers Outdoor has a one year low of $93.72 and a one year high of $223.98. The company's fifty day moving average is $108.96 and its 200-day moving average is $108.65. The company has a market cap of $15.25 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 3.93 and a beta of 1.05.

Insider Buying and Selling at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $118.02, for a total value of $35,406.00. Following the sale, the director directly owned 10,979 shares of the company's stock, valued at approximately $1,295,741.58. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Deckers Outdoor

Several large investors have recently bought and sold shares of DECK. AQR Capital Management LLC raised its stake in Deckers Outdoor by 89.9% during the 2nd quarter. AQR Capital Management LLC now owns 873,105 shares of the textile maker's stock valued at $89,991,000 after buying an additional 413,394 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its holdings in Deckers Outdoor by 491.0% in the second quarter. Worldquant Millennium Advisors LLC now owns 496,608 shares of the textile maker's stock valued at $51,185,000 after acquiring an additional 412,586 shares during the period. Corient Private Wealth LLC boosted its position in Deckers Outdoor by 353.9% in the second quarter. Corient Private Wealth LLC now owns 80,344 shares of the textile maker's stock worth $8,281,000 after purchasing an additional 62,644 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Deckers Outdoor by 8.0% during the 2nd quarter. Raymond James Financial Inc. now owns 763,788 shares of the textile maker's stock valued at $78,724,000 after purchasing an additional 56,808 shares during the period. Finally, Brevan Howard Capital Management LP purchased a new stake in Deckers Outdoor in the second quarter worth about $5,555,000. 97.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DECK shares. Stifel Nicolaus set a $127.00 target price on Deckers Outdoor in a report on Tuesday. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $140.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Evercore ISI decreased their price objective on shares of Deckers Outdoor from $115.00 to $110.00 and set an "in-line" rating for the company in a report on Friday, October 17th. Jefferies Financial Group dropped their target price on shares of Deckers Outdoor from $114.00 to $107.00 and set a "hold" rating on the stock in a research note on Thursday. Finally, Barclays increased their target price on shares of Deckers Outdoor from $134.00 to $141.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of "Moderate Buy" and a consensus price target of $131.11.

About Deckers Outdoor

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.