Needham & Company LLC Has Lowered Expectations for Deckers Outdoor (NYSE:DECK) Stock Price

Key Points

• Needham & Company LLC has cut Deckers Outdoor's target stock price from $128.00 to $113.00, while still maintaining a "buy" rating.
• Other analysts have issued mixed ratings, with Jefferies lowering their target to $107.00 and KeyCorp upgrading it to "strong-buy", indicating varied outlooks on the stock.
• Deckers Outdoor reported $1.82 EPS for the latest quarter, exceeding expectations, while projecting a FY 2026 guidance of 6.300-6.390 EPS.

Deckers Outdoor (NYSE:DECK - Get Free Report) had its target price cut by equities researchers at Needham & Company LLC from $128.00 to $113.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the textile maker's stock. Needham & Company LLC's price objective would indicate a potential upside of 9.93% from the stock's current price.

A number of other equities analysts have also weighed in on the company. Jefferies Financial Group decreased their target price on Deckers Outdoor from $114.00 to $107.00 and set a "hold" rating for the company in a research report on Thursday. KeyCorp raised shares of Deckers Outdoor from a "hold" rating to a "strong-buy" rating in a report on Friday, October 10th. The Goldman Sachs Group dropped their target price 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. Stifel Nicolaus set a $127.00 target price on shares of Deckers Outdoor in a research report on Tuesday. Finally, Raymond James Financial raised their price target on Deckers Outdoor from $123.00 to $137.00 and gave the stock a "strong-buy" rating in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to 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 NYSE:DECK opened at $102.79 on Friday. The firm has a market capitalization of $15.25 billion, a P/E ratio of 15.77, a P/E/G ratio of 3.86 and a beta of 1.05. The stock has a 50 day moving average price of $108.96 and a 200-day moving average price of $108.65. Deckers Outdoor has a 52-week low of $93.72 and a 52-week high of $223.98.

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

Insider Buying and Selling at Deckers Outdoor

In related news, Director Maha Saleh Ibrahim sold 300 shares of Deckers Outdoor stock in a transaction 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 transaction, the director directly owned 10,979 shares in the company, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Deckers Outdoor by 1.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,727 shares of the textile maker's stock valued at $1,797,000 after acquiring an additional 297 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Deckers Outdoor by 29.1% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 16,964 shares of the textile maker's stock worth $1,720,000 after purchasing an additional 3,826 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Deckers Outdoor by 25.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 19,487 shares of the textile maker's stock valued at $1,975,000 after purchasing an additional 3,938 shares during the last quarter. Lecap Asset Management Ltd. grew its position in shares of Deckers Outdoor by 298.4% during the third quarter. Lecap Asset Management Ltd. now owns 23,847 shares of the textile maker's stock valued at $2,417,000 after purchasing an additional 17,861 shares in the last quarter. Finally, HB Wealth Management LLC grew its position in shares of Deckers Outdoor by 14.8% during the third quarter. HB Wealth Management LLC now owns 7,235 shares of the textile maker's stock valued at $733,000 after purchasing an additional 930 shares in the last quarter. Institutional investors 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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