Needham & Company LLC Cuts Deckers Outdoor (NYSE:DECK) Price Target to $113.00

Deckers Outdoor (NYSE:DECK) had its target price reduced by Needham & Company LLC from $128.00 to $113.00 in a research report released on Friday, Marketbeat.com reports. They currently have a buy rating on the textile maker’s stock.

DECK has been the topic of several other reports. Robert W. Baird increased their target price on shares of Deckers Outdoor from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Raymond James Financial increased their target price on shares of Deckers Outdoor from $123.00 to $137.00 and gave the stock a “strong-buy” rating in a report on Friday, July 25th. Telsey Advisory Group dropped their target price on shares of Deckers Outdoor from $120.00 to $105.00 and set a “market perform” rating on the stock in a report on Friday. Truist Financial boosted their target price on shares of Deckers Outdoor from $130.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group reduced their target price on shares of Deckers Outdoor from $90.00 to $87.00 and set a “sell” rating for the company in a report on Tuesday, July 22nd. Three research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Deckers Outdoor has a consensus rating of “Moderate Buy” and a consensus price target of $119.58.

Deckers Outdoor Price Performance

Shares of Deckers Outdoor stock opened at $87.16 on Friday. Deckers Outdoor has a 1 year low of $86.83 and a 1 year high of $223.98. The firm’s 50-day moving average is $108.65 and its two-hundred day moving average is $108.55. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 3.29 and a beta of 1.05.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.24. Deckers Outdoor had a net margin of 19.47% and a return on equity of 40.54%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the business earned $1.59 EPS. The firm’s quarterly revenue 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, equities analysts expect that Deckers Outdoor will post 5.89 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On Deckers Outdoor

Several hedge funds and other institutional investors have recently modified their holdings of DECK. Norges Bank purchased a new position in shares of Deckers Outdoor in the 2nd quarter valued at approximately $223,036,000. Federated Hermes Inc. raised its position in shares of Deckers Outdoor by 1,998.7% in the 1st quarter. Federated Hermes Inc. now owns 1,163,977 shares of the textile maker’s stock valued at $130,144,000 after purchasing an additional 1,108,516 shares during the last quarter. Tredje AP fonden raised its position in shares of Deckers Outdoor by 507.2% in the 2nd quarter. Tredje AP fonden now owns 1,290,498 shares of the textile maker’s stock valued at $133,012,000 after purchasing an additional 1,077,965 shares during the last quarter. Nuveen LLC purchased a new position in shares of Deckers Outdoor in the 1st quarter valued at approximately $97,935,000. Finally, Swedbank AB raised its position in shares of Deckers Outdoor by 1,038.9% in the 1st quarter. Swedbank AB now owns 758,683 shares of the textile maker’s stock valued at $84,828,000 after purchasing an additional 692,065 shares during the last quarter. 97.79% of the stock is owned by hedge funds and other 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.