Deckers Outdoor (NYSE:DECK) Price Target Cut to $105.00 by Analysts at Telsey Advisory Group

Key Points

• Analysts at Telsey Advisory Group have cut their price target for Deckers Outdoor from $120.00 to $105.00, while still maintaining a "market perform" rating.
• Deckers Outdoor recently reported earnings that exceeded expectations, with $1.82 earnings per share and revenue of $1.43 billion, an increase of 9.1% year-over-year.
• The company's stock currently has a consensus rating of "Moderate Buy" and an average target price of $129.53, despite varying estimates from different analysts.

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price target lowered by equities researchers at Telsey Advisory Group from $120.00 to $105.00 in a report issued on Friday,Benzinga reports. The firm presently has a "market perform" rating on the textile maker's stock. Telsey Advisory Group's price target would indicate a potential upside of 2.15% from the company's current price.

A number of other analysts have also commented on the company. Robert W. Baird boosted their price target on Deckers Outdoor from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, July 25th. UBS Group set a $157.00 target price on Deckers Outdoor and gave the company a "buy" rating in a research report on Wednesday, October 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $128.00 price target (up previously from $120.00) on shares of Deckers Outdoor in a research report on Wednesday, July 23rd. Wells Fargo & Company raised their price target on shares of Deckers Outdoor from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Finally, Jefferies Financial Group lowered their price objective on shares of Deckers Outdoor from $114.00 to $107.00 and set a "hold" rating on the stock in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $129.53.

Deckers Outdoor Stock Performance

Shares of DECK opened at $102.79 on Friday. The firm has a market cap of $15.25 billion, a P/E ratio of 15.77, a PEG ratio of 3.86 and a beta of 1.05. Deckers Outdoor has a twelve month low of $93.72 and a twelve month high of $223.98. The firm's 50 day moving average price is $108.96 and its two-hundred day moving average price is $108.65.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.24. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.41 billion. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The firm's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 earnings per share. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, sell-side analysts anticipate that Deckers Outdoor will post 5.89 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $118.02, for a total transaction of $35,406.00. Following the sale, the director owned 10,979 shares in the company, valued at $1,295,741.58. This represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Deckers Outdoor

A number of large investors have recently added to or reduced their stakes in DECK. Marks Group Wealth Management Inc increased its holdings in shares of 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 acquiring an additional 8,410 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Deckers Outdoor by 17.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock valued at $1,997,000 after purchasing an additional 2,706 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Deckers Outdoor by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock valued at $116,310,000 after purchasing an additional 39,211 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Deckers Outdoor by 17.7% in the first quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock valued at $65,716,000 after purchasing an additional 88,179 shares during the period. Finally, Jump Financial LLC lifted its stake in shares of Deckers Outdoor by 5,481.7% during the 1st quarter. Jump Financial LLC now owns 156,568 shares of the textile maker's stock worth $17,506,000 after buying an additional 153,763 shares during the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

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.

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