Deckers Outdoor (NYSE:DECK) Price Target Raised to $141.00 at Barclays

Key Points

• Barclays raised the price target for Deckers Outdoor's stock from $134.00 to $141.00, suggesting a potential upside of 19.60% from its previous close and maintaining an "overweight" rating.
• Deckers Outdoor reported a Q1 earnings of $0.93 per share, surpassing expectations of $0.68, with a revenue increase of 16.9% year-over-year, totaling $964.54 million.
• The company has initiated a $2.25 billion share buyback plan, indicating management's belief that the stock is undervalued as it authorizes the repurchase of up to 11.7% of its shares.

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price target boosted by equities research analysts at Barclays from $134.00 to $141.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the textile maker's stock. Barclays's price target suggests a potential upside of 19.60% from the stock's previous close.

Several other equities research analysts have also recently weighed in on the company. Cowen restated a "buy" rating on shares of Deckers Outdoor in a research note on Tuesday, May 20th. KeyCorp restated a "sector weight" rating and set a $150.00 target price on shares of Deckers Outdoor in a research note on Friday, May 23rd. KGI Securities upgraded Deckers Outdoor to a "hold" rating in a research note on Monday, May 26th. Argus initiated coverage on Deckers Outdoor in a research note on Friday, June 13th. They set a "hold" rating for the company. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $120.00 price target on shares of Deckers Outdoor in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $137.89.

Deckers Outdoor Stock Performance

DECK stock opened at $117.89 on Friday. The company's 50 day moving average price is $108.61 and its 200 day moving average price is $112.14. The firm has a market capitalization of $17.49 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 4.31 and a beta of 1.05. 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 issued its earnings results on Thursday, July 24th. The textile maker reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.25. The firm had revenue of $964.54 million for the quarter, compared to analysts' expectations of $901.45 million. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The firm's revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the company earned $4.52 earnings per share. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. Equities analysts forecast that Deckers Outdoor will post 5.89 EPS for the current fiscal year.

Deckers Outdoor declared that its board has initiated a share buyback plan on Thursday, May 22nd that authorizes the company to repurchase $2.25 billion in outstanding shares. This repurchase authorization authorizes the textile maker to reacquire up to 11.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Activity

In other news, Director Maha Saleh Ibrahim sold 300 shares of the business'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 value of $35,406.00. Following the transaction, 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 ownership of the stock. The transaction 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

Institutional investors and hedge funds have recently bought and sold shares of the business. Marks Group Wealth Management Inc grew its holdings in Deckers Outdoor by 15.4% during the first 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 period. Cambridge Investment Research Advisors Inc. grew its holdings in Deckers Outdoor by 17.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,864 shares of the textile maker's stock worth $1,997,000 after acquiring an additional 2,706 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Deckers Outdoor by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,040,244 shares of the textile maker's stock worth $116,310,000 after acquiring an additional 39,211 shares during the period. Park Avenue Securities LLC boosted its position in Deckers Outdoor by 32.3% during the first 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 in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Deckers Outdoor by 17.7% during the first quarter. Principal Financial Group Inc. now owns 587,747 shares of the textile maker's stock worth $65,716,000 after purchasing an additional 88,179 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

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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