Deckers Outdoor (NYSE:DECK) Price Target Cut to $96.00 by Analysts at Needham & Company LLC

Deckers Outdoor (NYSE:DECK) had its price objective cut by Needham & Company LLC from $125.00 to $96.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. Needham & Company LLC‘s price objective points to a potential upside of 12.34% from the company’s current price.

Several other research firms have also recently commented on DECK. Barclays set a $133.00 price target on Deckers Outdoor and gave the company an “overweight” rating in a report on Friday, July 24th. Robert W. Baird dropped their price objective on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Stifel Nicolaus set a $133.00 price objective on Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, July 24th. UBS Group set a $137.00 price objective on Deckers Outdoor in a research report on Friday. Finally, Wolfe Research started coverage on Deckers Outdoor in a report on Wednesday. They issued a “peer perform” rating for the company. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $108.84.

Deckers Outdoor Trading Down 0.0%

Shares of DECK opened at $85.46 on Friday. Deckers Outdoor has a twelve month low of $77.20 and a twelve month high of $122.29. The stock’s 50 day moving average is $83.67 and its two-hundred day moving average is $97.00. The firm has a market capitalization of $11.64 billion, a PE ratio of 12.12, a P/E/G ratio of 1.33 and a beta of 1.12.

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

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently modified their holdings of DECK. Orion Capital Management LLC purchased a new position in Deckers Outdoor in the 2nd quarter valued at approximately $30,000. Continuum Advisory LLC acquired a new position in Deckers Outdoor during the second quarter worth $38,000. Pension & Wealth Management Advisors Inc. purchased a new stake in Deckers Outdoor during the third quarter worth $31,000. Westfuller Advisors LLC boosted its position in Deckers Outdoor by 28,000.0% during the first quarter. Westfuller Advisors LLC now owns 562 shares of the textile maker’s stock worth $56,000 after purchasing an additional 560 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in Deckers Outdoor by 49.1% during the third quarter. SBI Securities Co. Ltd. now owns 601 shares of the textile maker’s stock worth $47,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Key Headlines Impacting Deckers Outdoor

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

• Positive Sentiment: Fiscal second-quarter earnings exceeded expectations, supported by cost control and margin expansion. Reported revenue rose approximately 3.5% year over year to $1.48 billion, while earnings per share surpassed consensus estimates. Deckers Brands Reports Second Quarter Fiscal Year 2027 Financial Results
• Positive Sentiment: HOKA revenue increased 7%, including 9% growth in wholesale sales, while UGG also contributed to revenue growth. Management said disciplined marketplace management helped protect profitability. Deckers Q2 2027 Earnings Call Highlights
• Neutral Sentiment: Deckers appointed Rati Sahi Levesque to its board of directors, adding a retail executive with relevant industry experience but no immediate financial impact. Deckers Appoints Rati Sahi Levesque to Board
• Negative Sentiment: Revenue of $1.48 billion fell short of the roughly $1.51 billion analyst consensus, making the profit beat less compelling to investors. Deckers Q2 Revenue Earnings Flash
• Negative Sentiment: Management lowered fiscal 2027 revenue guidance to $5.70 billion-$5.725 billion and forecast EPS of $7.80-$7.95, citing slower HOKA and UGG growth and higher U.S. promotional activity. Deckers Lowers Outlook Amid Higher Promotions
• Negative Sentiment: Investors are concerned that aggressive discounting by competitors is pressuring premium footwear brands, potentially forcing Deckers to increase promotions and weakening future margins. A tariff refund also boosted the quarter, raising concerns about the underlying quality of the earnings beat. Reuters: Discounts Pressure Premium Brands

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.