KeyCorp Weighs in on Deckers Outdoor FY2027 Earnings

Deckers Outdoor Co. (NYSE:DECK) – Stock analysts at KeyCorp issued their FY2027 EPS estimates for shares of Deckers Outdoor in a research note issued on Thursday, May 22nd. KeyCorp analyst A. Owens expects that the textile maker will earn $6.32 per share for the year. KeyCorp has a “Hold” rating on the stock. The consensus estimate for Deckers Outdoor’s current full-year earnings is $5.89 per share.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, May 22nd. The textile maker reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.43. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. Deckers Outdoor had a net margin of 19.14% and a return on equity of 41.71%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS.

Several other research analysts have also issued reports on DECK. Needham & Company LLC set a $150.00 target price on shares of Deckers Outdoor and gave the company a “buy” rating in a research note on Wednesday, May 21st. Jefferies Financial Group raised their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. UBS Group raised their target price on shares of Deckers Outdoor from $158.00 to $169.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus reduced their target price on shares of Deckers Outdoor from $185.00 to $127.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. Finally, TD Securities raised their target price on shares of Deckers Outdoor from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. Twelve equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Deckers Outdoor has an average rating of “Moderate Buy” and an average target price of $134.68.

Deckers Outdoor Trading Down 20.0%

Shares of NYSE DECK opened at $100.89 on Monday. The firm has a market capitalization of $15.31 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.68 and a beta of 1.11. Deckers Outdoor has a 1 year low of $93.72 and a 1 year high of $223.98. The firm’s 50-day moving average is $114.55 and its 200-day moving average is $157.96.

Deckers Outdoor declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 22nd that allows the company to buyback $2.25 billion in shares. This buyback authorization allows the textile maker to purchase up to 11.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $134.48, for a total transaction of $40,344.00. Following the completion of the sale, the director now directly owns 10,388 shares of the company’s stock, valued at approximately $1,396,978.24. This represents a 2.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Powers sold 25,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $138.84, for a total value of $3,471,000.00. Following the sale, the director now directly owns 241,777 shares of the company’s stock, valued at approximately $33,568,318.68. The trade was a 9.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Institutional Trading of Deckers Outdoor

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Deckers Outdoor by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 17,747,418 shares of the textile maker’s stock worth $1,984,339,000 after purchasing an additional 107,635 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Deckers Outdoor by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 4,104,954 shares of the textile maker’s stock worth $831,723,000 after acquiring an additional 45,035 shares in the last quarter. Norges Bank bought a new position in shares of Deckers Outdoor during the 4th quarter worth approximately $392,583,000. Northern Trust Corp grew its stake in shares of Deckers Outdoor by 6.2% during the 1st quarter. Northern Trust Corp now owns 1,680,558 shares of the textile maker’s stock worth $187,903,000 after acquiring an additional 98,856 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Deckers Outdoor by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,520,461 shares of the textile maker’s stock worth $170,003,000 after acquiring an additional 97,312 shares in the last quarter. 97.79% of the stock is owned by institutional investors.

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.