Telsey Advisory Group Lowers Deckers Outdoor (NYSE:DECK) Price Target to $105.00

Deckers Outdoor (NYSE:DECK) had its price target lowered by analysts at Telsey Advisory Group from $120.00 to $105.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s price target points to a potential upside of 2.15% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. KeyCorp raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Zacks Research raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research report on Wednesday, October 8th. Barclays raised their target price on shares of Deckers Outdoor from $134.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Finally, UBS Group set a $157.00 price target on shares of Deckers Outdoor and gave the stock a “buy” rating in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.53.

Deckers Outdoor Stock Up 1.9%

Shares of Deckers Outdoor stock opened at $102.79 on Friday. The stock has a market capitalization of $15.25 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 3.86 and a beta of 1.05. Deckers Outdoor has a twelve month low of $93.72 and a twelve month high of $223.98. The company has a 50-day simple moving average of $108.96 and a two-hundred day simple moving average of $108.65.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 23rd. The textile maker reported $1.82 EPS for the quarter, topping the consensus estimate of $1.58 by $0.24. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period last year, the firm earned $1.59 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, sell-side analysts anticipate that Deckers Outdoor will post 5.89 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Maha Saleh Ibrahim sold 300 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $118.02, for a total transaction of $35,406.00. Following the completion of the transaction, the director directly owned 10,979 shares in the company, valued at $1,295,741.58. This represents a 2.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.40% of the company’s stock.

Institutional Trading of Deckers Outdoor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Horizon Investments LLC increased its holdings in shares of Deckers Outdoor by 4.6% during the first quarter. Horizon Investments LLC now owns 2,179 shares of the textile maker’s stock worth $244,000 after buying an additional 96 shares in the last quarter. Cumberland Partners Ltd grew its position in Deckers Outdoor by 0.4% during the 1st quarter. Cumberland Partners Ltd now owns 27,991 shares of the textile maker’s stock worth $3,130,000 after acquiring an additional 98 shares during the last quarter. Park Place Capital Corp increased its holdings in Deckers Outdoor by 14.9% in the 2nd quarter. Park Place Capital Corp now owns 771 shares of the textile maker’s stock worth $81,000 after purchasing an additional 100 shares in the last quarter. Rakuten Securities Inc. raised its position in Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its position in Deckers Outdoor by 4.3% in the third quarter. Perigon Wealth Management LLC now owns 2,597 shares of the textile maker’s stock valued at $263,000 after purchasing an additional 106 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.