Deckers Outdoor (NYSE:DECK) Sees Strong Trading Volume – What’s Next?

Shares of Deckers Outdoor Corporation (NYSE:DECK) saw unusually-high trading volume on Friday. 2,331,279 shares traded hands during mid-day trading, a decline of 8% from the previous session’s volume of 2,521,829 shares. The stock last traded at $82.1460 and had previously closed at $85.28.

More Deckers Outdoor News

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

• Positive Sentiment: Deckers reported fiscal second-quarter adjusted earnings of approximately $2.03–$2.31 per share, above analyst expectations near $1.79–$1.82. Revenue rose about 3.5% year over year to $1.48 billion, while HOKA revenue increased 7% to $677 million. Deckers Beats Q2 Earnings Estimates
• Positive Sentiment: Management said HOKA and UGG continue to retain full pricing power, and disciplined inventory and marketplace management helped support margins. Analysts at Truist, Stifel and Needham maintained “buy” ratings despite lowering their price targets, leaving substantial implied upside from current levels. Deckers Retains Pricing Power
• Neutral Sentiment: Deckers appointed Rati Sahi Levesque to its board of directors. The governance change is unlikely to be a major near-term stock catalyst. Deckers Appoints New Director
• Negative Sentiment: Fiscal 2027 revenue guidance was reduced to approximately $5.7 billion–$5.725 billion, below the roughly $5.9 billion consensus estimate. Management cited slower expected growth for HOKA and UGG and higher U.S. promotions, while second-quarter revenue also missed estimates of about $1.51 billion. Deckers Cuts Sales Outlook
• Negative Sentiment: The outlook cut reinforced concerns that aggressive discounting by competitors is pressuring premium footwear demand and could make Deckers’ growth less durable. Truist lowered its price target to $95 from $105, while other firms also reduced targets, despite retaining positive ratings. Premium Footwear Discounts Pressure Deckers

Analyst Upgrades and Downgrades

A number of brokerages have commented on DECK. Needham & Company LLC reduced their target price on shares of Deckers Outdoor from $125.00 to $96.00 and set a “buy” rating for the company in a report on Friday. Weiss Ratings cut shares of Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd. BMO Capital Markets assumed coverage on shares of Deckers Outdoor in a research report on Tuesday, September 8th. They set an “underperform” rating and a $70.00 price objective for the company. Wolfe Research started coverage on Deckers Outdoor in a research note on Wednesday. They issued a “peer perform” rating for the company. Finally, Stifel Nicolaus decreased their target price on Deckers Outdoor from $133.00 to $113.00 and set a “buy” rating on the stock in a report on Friday. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Deckers Outdoor currently has an average rating of “Hold” and a consensus price target of $102.00.

Deckers Outdoor Price Performance

The business has a 50-day simple moving average of $83.67 and a 200-day simple moving average of $97.00. The firm has a market capitalization of $10.98 billion, a PE ratio of 11.44, a P/E/G ratio of 1.33 and a beta of 1.12.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%. Deckers Outdoor’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 EPS. On average, research analysts expect that Deckers Outdoor Corporation will post 7.50 earnings per share for the current year.

Institutional Trading of Deckers Outdoor

Several hedge funds have recently modified their holdings of DECK. BlackRock Inc. purchased a new position in Deckers Outdoor during the 2nd quarter worth $1,343,613,000. Bank of New York Mellon Corp purchased a new stake in Deckers Outdoor in the second quarter valued at about $170,905,000. Caisse de depot et placement du Quebec purchased a new stake in Deckers Outdoor in the second quarter valued at about $119,656,000. Deutsche Bank AG purchased a new stake in Deckers Outdoor in the second quarter valued at about $100,620,000. Finally, Man Group plc acquired a new stake in Deckers Outdoor in the second quarter worth about $82,448,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

About Deckers Outdoor

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.