Robert W. Baird Cuts Deckers Outdoor (NYSE:DECK) Price Target to $115.00

Key Points

• Robert W. Baird lowered its price target on Deckers Outdoor from $125 to $115 while keeping a neutral rating, which still implies about 19% upside from the prior close.
• Deckers stock was down 6% and opened at $96.36 amid broader analyst caution; the consensus rating remains Hold with an average price target of $119.05.
• The company recently reported better-than-expected Q1 earnings of $0.94 per share on $1.02 billion in revenue, but its FY2027 EPS guidance of $7.35 to $7.50 came in a bit below Street expectations.

Deckers Outdoor (NYSE:DECK - Get Free Report) had its price target lowered by research analysts at Robert W. Baird from $125.00 to $115.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "neutral" rating on the textile maker's stock. Robert W. Baird's price objective would indicate a potential upside of 19.34% from the company's previous close.

Several other research firms have also recently weighed in on DECK. Argus set a $128.00 price objective on shares of Deckers Outdoor in a research report on Friday, May 29th. Telsey Advisory Group decreased their price target on Deckers Outdoor from $113.00 to $105.00 and set a "market perform" rating for the company in a report on Friday. Stifel Nicolaus set a $144.00 price objective on Deckers Outdoor in a research report on Friday, May 29th. Weiss Ratings reissued a "hold (c)" rating on shares of Deckers Outdoor in a research note on Friday, July 17th. Finally, UBS Group raised their target price on Deckers Outdoor from $145.00 to $161.00 and gave the stock a "buy" rating in a research note on Friday, May 22nd. Nine equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $119.05.

Deckers Outdoor Trading Down 6.0%

NYSE DECK opened at $96.36 on Friday. The firm has a market capitalization of $13.38 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 2.02 and a beta of 1.17. The business's 50-day moving average price is $106.08 and its two-hundred day moving average price is $106.11. Deckers Outdoor has a 12 month low of $78.91 and a 12 month high of $126.50.

Deckers Outdoor (NYSE:DECK - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.88 by $0.06. Deckers Outdoor had a return on equity of 41.19% and a net margin of 18.90%.The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. The firm's quarterly revenue was up 5.7% on a year-over-year basis. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, analysts forecast that Deckers Outdoor will post 7.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Deckers Outdoor

Hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. grew its holdings in shares of Deckers Outdoor by 374.1% during the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker's stock valued at $326,531,000 after buying an additional 2,485,338 shares during the last quarter. Norges Bank bought a new stake in shares of Deckers Outdoor during the fourth quarter worth about $252,729,000. AQR Capital Management LLC lifted its position in Deckers Outdoor by 340.5% in the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker's stock valued at $273,000,000 after acquiring an additional 2,035,517 shares in the last quarter. Viking Global Investors LP acquired a new position in Deckers Outdoor during the 3rd quarter valued at about $175,058,000. Finally, Marshall Wace LLP increased its holdings in Deckers Outdoor by 5,324.4% during the 4th quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker's stock worth $155,309,000 after purchasing an additional 1,470,488 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company's stock.

More Deckers Outdoor News

Here are the key news stories impacting Deckers Outdoor this week:

• Positive Sentiment: Deckers beat first-quarter earnings expectations, reporting $0.94 per share versus the $0.88 consensus, and revenue rose 5.7% year over year to just over $1 billion for the first time. Deckers Brands Reports First Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: Growth was driven by strong demand for HOKA and UGG, with HOKA sales up 7.7%, UGG up 4.9%, and international sales rising 8.4%, while gross margin improved to 56.4%. Deckers Outdoor Q1: The Thesis Is Still Intact
• Neutral Sentiment: Investor attention is centered on the earnings call and management’s outlook, after Deckers said it expects FY2027 EPS of $7.35 to $7.50, slightly below the Street’s estimate. Deckers Outdoor Corporation (DECK) Q1 2027 Earnings Call Transcript
• Neutral Sentiment: Analysts and traders were already watching DECK ahead of earnings, with call buying and neutral ratings suggesting expectations were mixed heading into the report. Call Traders Eye Deckers Outdoor Stock Ahead of Earnings
• Negative Sentiment: Despite the strong quarter, higher SG&A spending rose 12.7%, which pressured operating income and likely contributed to a cautious reaction to the results. Deckers Outdoor Q1: The Thesis Is Still Intact
• Negative Sentiment: The stock is also reacting to guidance that came in a bit light versus expectations, even though the company reaffirmed a strong long-term growth story. Deckers Outdoor beats FQ1 profit estimates, but guidance disappoints

About Deckers Outdoor

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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