Deckers Outdoor (NYSE:DECK) Price Target Raised to $122.00 at Bank of America

Key Points

• Bank of America raised its price target for Deckers Outdoor from $120.00 to $122.00, indicating a potential upside of 9.62% from the stock's previous close.
• Multiple analysts have varying ratings and price targets for Deckers Outdoor, with Robert W. Baird setting a target of $150.00 and Goldman Sachs lowering theirs to $87.00.
• Deckers Outdoor reported strong quarterly earnings, with an EPS of $0.93, surpassing analyst estimates significantly and showcasing a 16.9% year-over-year revenue growth.

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price target raised by stock analysts at Bank of America from $120.00 to $122.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the textile maker's stock. Bank of America's price target points to a potential upside of 9.62% from the stock's previous close.

Other equities analysts have also issued research reports about the stock. Robert W. Baird increased 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. Barclays raised their price target on shares of Deckers Outdoor from $134.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. The Goldman Sachs Group cut their price target on shares of Deckers Outdoor from $90.00 to $87.00 and set a "sell" rating on the stock in a report on Tuesday, July 22nd. Truist Financial raised their price target on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Finally, 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 report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $136.32.

Deckers Outdoor Price Performance

Shares of NYSE:DECK opened at $111.30 on Thursday. The company's fifty day moving average price is $111.01 and its 200-day moving average price is $110.82. The firm has a market capitalization of $16.51 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 4.23 and a beta of 1.05. Deckers Outdoor has a one year low of $93.72 and a one year high of $223.98.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.25. The firm had revenue of $964.54 million for the quarter, compared to analyst estimates of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The business's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.52 EPS. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts expect that Deckers Outdoor will post 5.89 EPS for the current year.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction dated Monday, September 8th. The shares were 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 of the company's stock, valued at approximately $1,295,741.58. The trade was a 2.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Deckers Outdoor by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker's stock valued at $1,984,339,000 after acquiring an additional 107,635 shares during the period. Geode Capital Management LLC grew its stake in shares of Deckers Outdoor by 2.7% in the second quarter. Geode Capital Management LLC now owns 4,427,639 shares of the textile maker's stock worth $454,662,000 after acquiring an additional 114,779 shares during the period. Invesco Ltd. grew its stake in shares of Deckers Outdoor by 19.4% in the second quarter. Invesco Ltd. now owns 2,781,218 shares of the textile maker's stock worth $286,660,000 after acquiring an additional 452,081 shares during the period. Norges Bank bought a new stake in shares of Deckers Outdoor in the second quarter worth approximately $223,036,000. Finally, Federated Hermes Inc. grew its stake in shares of Deckers Outdoor by 46.5% in the second quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker's stock worth $175,800,000 after acquiring an additional 541,657 shares during the period. 97.79% of the stock is owned by hedge funds and other institutional investors.

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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