Deckers Outdoor (NYSE:DECK) Updates FY 2027 Earnings Guidance

Deckers Outdoor (NYSE:DECK) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 7.300-7.450 for the period, compared to the consensus earnings per share estimate of 7.320. The company issued revenue guidance of $5.9 billion-$5.9 billion, compared to the consensus revenue estimate of $5.8 billion.

Analyst Ratings Changes

Several brokerages have commented on DECK. BTIG Research restated a “neutral” rating on shares of Deckers Outdoor in a research report on Friday, January 30th. UBS Group restated a “buy” rating and set a $145.00 price objective (down from $161.00) on shares of Deckers Outdoor in a research report on Thursday, May 14th. Evercore set a $108.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. Truist Financial set a $132.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 30th. Finally, Piper Sandler upgraded shares of Deckers Outdoor from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $95.00 to $100.00 in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $122.42.

Deckers Outdoor Stock Up 4.5%

Shares of NYSE:DECK traded up $4.46 during trading on Thursday, hitting $102.70. 3,952,110 shares of the company were exchanged, compared to its average volume of 2,337,833. The business’s 50 day moving average is $102.17 and its 200-day moving average is $101.46. The company has a market capitalization of $14.58 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 2.03 and a beta of 1.14. Deckers Outdoor has a 1-year low of $78.91 and a 1-year high of $127.00.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.15. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. Deckers Outdoor has set its FY 2027 guidance at 7.300-7.450 EPS. As a group, sell-side analysts anticipate that Deckers Outdoor will post 6.87 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. grew its stake in shares of Deckers Outdoor by 374.1% in the fourth quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock worth $326,531,000 after purchasing an additional 2,485,338 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Deckers Outdoor by 340.5% in the fourth quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock worth $273,000,000 after purchasing an additional 2,035,517 shares during the last quarter. Viking Global Investors LP bought a new stake in shares of Deckers Outdoor in the third quarter worth $175,058,000. Marshall Wace LLP grew its stake in shares of Deckers Outdoor by 5,324.4% in the fourth 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 during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Deckers Outdoor by 89.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,186,741 shares of the textile maker’s stock worth $123,029,000 after purchasing an additional 560,862 shares during the last quarter. 97.79% of the stock is currently owned by institutional investors and hedge funds.

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.