Brokers Set Expectations for Deckers Outdoor FY2027 Earnings

Deckers Outdoor Co. (NYSE:DECK - Free Report) - Equities research analysts at KeyCorp issued their FY2027 earnings per share (EPS) estimates for Deckers Outdoor in a report issued on Thursday, May 22nd. KeyCorp analyst A. Owens forecasts that the textile maker will post earnings per share of $6.32 for the year. KeyCorp currently has a "Sector Weight" rating and a $150.00 target price on the stock. The consensus estimate for Deckers Outdoor's current full-year earnings is $5.89 per share.

Deckers Outdoor (NYSE:DECK - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.43. Deckers Outdoor had a return on equity of 41.71% and a net margin of 19.14%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the company earned $0.82 earnings per share. The company's revenue was up 6.5% on a year-over-year basis.

Other equities research analysts also recently issued reports about the company. Evercore ISI reiterated an "in-line" rating and issued a $110.00 price objective (down from $235.00) on shares of Deckers Outdoor in a report on Friday, May 23rd. Truist Financial reduced their price objective on Deckers Outdoor from $235.00 to $225.00 and set a "buy" rating for the company in a report on Friday, January 31st. Citigroup reduced their price objective on Deckers Outdoor from $215.00 to $150.00 and set a "buy" rating for the company in a report on Monday, April 28th. TD Securities lifted their price objective on Deckers Outdoor from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Barclays reiterated an "overweight" rating and issued a $128.00 price objective (down from $129.00) on shares of Deckers Outdoor in a report on Thursday, May 22nd. Thirteen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Deckers Outdoor presently has a consensus rating of "Moderate Buy" and a consensus target price of $134.68.

Deckers Outdoor Stock Down 4.5%

Shares of NYSE:DECK traded down $4.85 on Monday, hitting $104.11. 4,952,539 shares of the company traded hands, compared to its average volume of 2,546,514. Deckers Outdoor has a 52 week low of $93.72 and a 52 week high of $223.98. The stock has a 50 day simple moving average of $114.04 and a 200-day simple moving average of $157.10. The company has a market cap of $15.80 billion, a PE ratio of 16.88, a PEG ratio of 1.68 and a beta of 1.11.

Deckers Outdoor declared that its board has approved a share repurchase plan on Thursday, May 22nd that permits the company to buyback $2.25 billion in shares. This buyback authorization permits the textile maker to purchase up to 11.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Insider Activity at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total value of $40,344.00. Following the transaction, the director now directly owns 10,388 shares of the company's stock, valued at approximately $1,396,978.24. The trade was a 2.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Powers sold 25,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the completion of the transaction, the director now directly owns 241,777 shares in the company, valued at approximately $33,568,318.68. This represents a 9.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its holdings in Deckers Outdoor by 109.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 449,683 shares of the textile maker's stock worth $91,965,000 after purchasing an additional 235,091 shares in the last quarter. Navellier & Associates Inc. boosted its position in shares of Deckers Outdoor by 6.4% during the 4th quarter. Navellier & Associates Inc. now owns 29,806 shares of the textile maker's stock valued at $6,053,000 after acquiring an additional 1,791 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Deckers Outdoor by 62.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,928 shares of the textile maker's stock valued at $1,407,000 after acquiring an additional 2,668 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Deckers Outdoor by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,001,033 shares of the textile maker's stock valued at $203,300,000 after acquiring an additional 32,318 shares during the last quarter. Finally, Amundi boosted its position in shares of Deckers Outdoor by 11.0% during the 4th quarter. Amundi now owns 1,088,351 shares of the textile maker's stock valued at $225,855,000 after acquiring an additional 108,054 shares during the last quarter. 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.