The Goldman Sachs Group Issues Pessimistic Forecast for Deckers Outdoor (NYSE:DECK) Stock Price

Key Points

• Goldman Sachs Group has reduced its target price for Deckers Outdoor (DECK) from $92.00 to $81.00, maintaining a "sell" rating, which indicates a potential downside of 7.07% from the current stock price.
• Other analysts have also modified their ratings and price targets, with Robert W. Baird decreasing its target to $125.00 while three analysts have a "Strong Buy" rating and a total of nine analysts rated it as a "Buy."
• Deckers Outdoor's shares traded down $15.38 on Friday, reaching $87.16, following its quarterly earnings report where it posted $1.82 earnings per share, beating estimates and showing a revenue increase of 9.1% year over year.

Deckers Outdoor (NYSE:DECK - Get Free Report) had its target price decreased by equities researchers at The Goldman Sachs Group from $92.00 to $81.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "sell" rating on the textile maker's stock. The Goldman Sachs Group's target price suggests a potential downside of 7.07% from the stock's current price.

DECK has been the subject of a number of other research reports. Robert W. Baird cut their price objective on Deckers Outdoor from $150.00 to $125.00 and set an "outperform" rating for the company in a research report on Friday. Bank of America raised their price objective on Deckers Outdoor from $120.00 to $122.00 and gave the company a "neutral" rating in a research report on Thursday, September 25th. Weiss Ratings restated a "hold (c)" rating on shares of Deckers Outdoor in a research report on Friday. TD Cowen dropped their price target on Deckers Outdoor from $125.00 to $124.00 and set a "buy" rating for the company in a research report on Friday. Finally, Stifel Nicolaus set a $127.00 price target on Deckers Outdoor in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $119.58.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock traded down $15.38 during trading on Friday, reaching $87.16. 18,677,901 shares of the stock traded hands, compared to its average volume of 3,377,227. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 3.86 and a beta of 1.05. The business has a fifty day simple moving average of $108.96 and a two-hundred day simple moving average of $108.65. Deckers Outdoor has a 52-week low of $86.83 and a 52-week high of $223.98.

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

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $118.02, for a total value of $35,406.00. Following the completion of the sale, the director 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 at this hyperlink. 0.40% of the stock is currently owned by insiders.

Institutional Trading of Deckers Outdoor

Institutional investors have recently added to or reduced their stakes in the company. American National Bank & Trust lifted its stake in Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker's stock worth $25,000 after purchasing an additional 106 shares during the last quarter. True Wealth Design LLC lifted its stake in Deckers Outdoor by 2,440.0% in the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker's stock worth $26,000 after purchasing an additional 244 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker's stock worth $29,000 after purchasing an additional 215 shares during the last quarter. CVA Family Office LLC lifted its stake in Deckers Outdoor by 137.4% in the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker's stock worth $32,000 after purchasing an additional 180 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its stake in Deckers Outdoor by 45.5% in 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 during 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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