Deckers Outdoor (NYSE:DECK) Shares Gap Down – Here’s What Happened

Deckers Outdoor Corporation (NYSE:DECK)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $107.46, but opened at $101.00. Deckers Outdoor shares last traded at $102.7370, with a volume of 741,838 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group lowered their price objective on shares of Deckers Outdoor from $114.00 to $107.00 and set a “hold” rating on the stock in a research note on Thursday, October 23rd. KeyCorp raised shares of Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Wells Fargo & Company decreased their price objective on Deckers Outdoor from $100.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, October 24th. Bank of America upped their price target on Deckers Outdoor from $120.00 to $122.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $125.00 price objective on shares of Deckers Outdoor in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $116.79.

Deckers Outdoor Price Performance

The stock has a 50 day moving average price of $92.88 and a two-hundred day moving average price of $101.63. The company has a market capitalization of $15.19 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 4.88 and a beta of 1.15.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 23rd. The textile maker reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.24. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the company posted $1.59 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. Sell-side analysts forecast that Deckers Outdoor Corporation will post 5.89 EPS for the current fiscal year.

Insider Activity at Deckers Outdoor

In other news, insider Angela Ogbechie sold 1,460 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $81.45, for a total transaction of $118,917.00. Following the completion of the sale, the insider owned 34,020 shares in the company, valued at $2,770,929. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Deckers Outdoor in the second quarter worth $223,036,000. Viking Global Investors LP acquired a new position in shares of Deckers Outdoor in the 3rd quarter valued at $175,058,000. Tredje AP fonden increased its position in shares of Deckers Outdoor by 507.2% in the 2nd quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock valued at $133,012,000 after buying an additional 1,077,965 shares in the last quarter. Swedbank AB raised its stake in Deckers Outdoor by 1,038.9% during the 1st quarter. Swedbank AB now owns 758,683 shares of the textile maker’s stock worth $84,828,000 after buying an additional 692,065 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in Deckers Outdoor by 46.5% during the second quarter. Federated Hermes Inc. now owns 1,705,634 shares of the textile maker’s stock worth $175,800,000 after acquiring an additional 541,657 shares in the last quarter. Institutional investors and hedge funds 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.