Deckers Outdoor (NYSE:DECK) Stock Price Down 3.9% - Here's Why

Key Points

• Deckers Outdoor shares fell 3.9% to about $88.49, with trading volume down 82% versus the average session. The stock is trading below both its 50-day and 200-day moving averages.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $117.16. Recent targets range from $85 to $128, including a Truist reduction from $125 to $105 despite maintaining a Buy rating.
• Deckers beat quarterly EPS expectations, reporting $0.94 versus the $0.88 consensus, while revenue reached $1.02 billion and rose 5.7% year over year. Institutional investors own a substantial 97.79% of the company’s outstanding shares.

Deckers Outdoor Corporation (NYSE:DECK - Get Free Report) dropped 3.9% during trading on Tuesday . The company traded as low as $88.23 and last traded at $88.4880. Approximately 415,418 shares were traded during trading, a decline of 82% from the average session volume of 2,319,883 shares. The stock had previously closed at $92.08.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Sanford C. Bernstein reiterated a "market perform" rating and issued a $105.00 target price on shares of Deckers Outdoor in a research report on Friday, May 22nd. Wells Fargo & Company reissued an "underweight" rating and issued a $85.00 price objective on shares of Deckers Outdoor in a report on Friday, July 24th. KeyCorp reaffirmed a "sector weight" rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Argus set a $128.00 price target on Deckers Outdoor in a research note on Friday, May 29th. Finally, Truist Financial dropped their price objective on shares of Deckers Outdoor from $125.00 to $105.00 and set a "buy" rating for the company in a report on Friday, July 24th. Nine research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $117.16.

Deckers Outdoor Stock Performance

The stock's 50-day moving average is $100.76 and its 200 day moving average is $104.81. The stock has a market capitalization of $12.11 billion, a PE ratio of 12.60, a P/E/G ratio of 1.71 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK - Get Free Report) last announced its earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.06. The firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%.The business's revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. Analysts expect that Deckers Outdoor Corporation will post 7.5 earnings per share for the current year.

Institutional Investors Weigh In On Deckers Outdoor

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. increased its stake in Deckers Outdoor by 330.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock valued at $29,000 after buying an additional 215 shares during the period. Elyxium Wealth LLC acquired a new position in shares of Deckers Outdoor during the fourth quarter worth about $30,000. Orion Capital Management LLC acquired a new position in shares of Deckers Outdoor during the second quarter worth about $30,000. Rakuten Securities Inc. raised its holdings in Deckers Outdoor by 45.5% during the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker's stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Finally, Activest Wealth Management lifted its position in Deckers Outdoor by 298.8% in the fourth quarter. Activest Wealth Management now owns 327 shares of the textile maker's stock valued at $34,000 after purchasing an additional 245 shares during the period. Hedge funds and other institutional investors own 97.79% of the company's stock.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company's product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.

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