Robert W. Baird Cuts Deckers Outdoor (NYSE:DECK) Price Target to $125.00

Deckers Outdoor (NYSE:DECK) had its target price lowered by Robert W. Baird from $150.00 to $125.00 in a research note published on Friday morning, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the textile maker’s stock.

Several other research firms have also issued reports on DECK. Wells Fargo & Company upped their target price on Deckers Outdoor from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Friday, July 25th. Zacks Research raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. 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 research report on Tuesday, July 22nd. Truist Financial increased their target price on shares of Deckers Outdoor from $130.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Needham & Company LLC reduced their target price on shares of Deckers Outdoor from $128.00 to $113.00 and set a “buy” rating for the company in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $119.58.

Deckers Outdoor Stock Down 15.0%

DECK stock opened at $87.16 on Friday. The firm has a market cap of $12.93 billion, a PE ratio of 12.91, a P/E/G ratio of 3.29 and a beta of 1.05. The business has a 50 day moving average of $108.65 and a 200-day moving average of $108.55. Deckers Outdoor has a 12-month low of $86.83 and a 12-month high of $223.98.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 23rd. The textile maker reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.24. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.41 billion. Deckers Outdoor had a return on equity of 40.54% and a net margin of 19.47%.Deckers Outdoor’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.59 earnings per share. Deckers Outdoor has set its FY 2026 guidance at 6.300-6.390 EPS. On average, research analysts expect that Deckers Outdoor will post 5.89 earnings per share for the current year.

Insiders Place Their Bets

In other Deckers Outdoor news, Director Maha Saleh Ibrahim sold 300 shares of the stock in a transaction on Monday, September 8th. The stock was 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 of the company’s stock, valued at approximately $1,295,741.58. This represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On Deckers Outdoor

Large investors have recently made changes to their positions in the stock. American National Bank & Trust boosted its holdings in shares of Deckers Outdoor by 77.4% in the third quarter. American National Bank & Trust now owns 243 shares of the textile maker’s stock worth $25,000 after acquiring an additional 106 shares during the period. True Wealth Design LLC boosted its holdings in shares of Deckers Outdoor by 2,440.0% in the third quarter. True Wealth Design LLC now owns 254 shares of the textile maker’s stock worth $26,000 after acquiring an additional 244 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Deckers Outdoor by 330.8% in the second quarter. Geneos Wealth Management Inc. now owns 280 shares of the textile maker’s stock worth $29,000 after acquiring an additional 215 shares during the period. CVA Family Office LLC boosted its holdings in shares of Deckers Outdoor by 137.4% in the second quarter. CVA Family Office LLC now owns 311 shares of the textile maker’s stock worth $32,000 after acquiring an additional 180 shares during the period. Finally, Rakuten Securities Inc. boosted its holdings in shares of Deckers Outdoor by 45.5% in the second quarter. Rakuten Securities Inc. now owns 320 shares of the textile maker’s stock worth $33,000 after acquiring an additional 100 shares during the period. 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.