Evercore ISI Issues Pessimistic Forecast for Deckers Outdoor (NYSE:DECK) Stock Price

Key Points

• Evercore ISI has downgraded Deckers Outdoor's price target from $115.00 to $110.00, indicating a potential upside of approximately 11.59% from its current stock price.
• Other analysts have varying ratings and target prices, with Barclays raising its target to $141.00 and Zacks upgrading to a strong-buy rating.
• Deckers Outdoor's recent quarterly earnings showed a significant revenue increase of 16.9% compared to the previous year, with earnings per share surpassing consensus estimates.

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price objective reduced by equities researchers at Evercore ISI from $115.00 to $110.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "in-line" rating on the textile maker's stock. Evercore ISI's target price indicates a potential upside of 11.59% from the stock's current price.

A number of other equities analysts also recently commented on the company. Barclays increased their price objective on Deckers Outdoor from $134.00 to $141.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Zacks Research raised Deckers Outdoor from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Deckers Outdoor in a research report on Wednesday, October 8th. Wells Fargo & Company upped their target price on Deckers Outdoor from $90.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Friday, July 25th. Finally, Robert W. Baird increased their price objective on Deckers Outdoor from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Deckers Outdoor has an average rating of "Moderate Buy" and a consensus target price of $136.00.

Deckers Outdoor Price Performance

NYSE DECK traded down $0.49 on Friday, hitting $98.57. 710,389 shares of the company were exchanged, compared to its average volume of 3,263,667. The company's 50 day moving average price is $109.15 and its 200-day moving average price is $108.91. The firm has a market capitalization of $14.62 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 3.69 and a beta of 1.05. Deckers Outdoor has a twelve month low of $93.72 and a twelve month high of $223.98.

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

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the firm'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 completion of the transaction, the director directly owned 10,979 shares of the company's stock, valued at $1,295,741.58. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Deckers Outdoor by 0.6% during the first quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker's stock worth $1,984,339,000 after acquiring an additional 107,635 shares in the last quarter. Geode Capital Management LLC increased 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 valued at $454,662,000 after buying an additional 114,779 shares in the last quarter. Invesco Ltd. increased 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 valued at $286,660,000 after buying an additional 452,081 shares in the last quarter. Norges Bank acquired a new stake in shares of Deckers Outdoor in the second quarter valued at $223,036,000. Finally, Federated Hermes Inc. increased 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 valued at $175,800,000 after buying an additional 541,657 shares in the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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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