MBL Wealth LLC acquired a new stake in Deckers Outdoor Corporation (NYSE:DECK – Free Report) during the 3rd quarter, Holdings Channel reports. The firm acquired 8,615 shares of the textile maker’s stock, valued at approximately $673,000.
A number of other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in shares of Deckers Outdoor during the second quarter worth about $1,343,613,000. Bank of New York Mellon Corp purchased a new position in Deckers Outdoor during the second quarter valued at $170,905,000. Caisse de depot et placement du Quebec purchased a new position in Deckers Outdoor during the second quarter valued at $119,656,000. Deutsche Bank AG purchased a new position in Deckers Outdoor during the second quarter valued at $100,620,000. Finally, Man Group plc bought a new stake in Deckers Outdoor in the 2nd quarter valued at $82,448,000. Institutional investors own 97.79% of the company’s stock.
Deckers Outdoor Price Performance
Shares of Deckers Outdoor stock traded down $4.28 on Friday, reaching $81.00. The company had a trading volume of 9,297,696 shares, compared to its average volume of 3,223,367. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 1.32 and a beta of 1.12. The firm’s 50-day moving average price is $83.43 and its two-hundred day moving average price is $96.89. Deckers Outdoor Corporation has a 1 year low of $77.20 and a 1 year high of $122.29.
Deckers Outdoor (NYSE:DECK – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The textile maker reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.02 billion. Deckers Outdoor had a return on equity of 41.78% and a net margin of 19.18%. Deckers Outdoor’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS. As a group, analysts anticipate that Deckers Outdoor Corporation will post 7.50 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Stifel Nicolaus decreased their price target on shares of Deckers Outdoor from $133.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday. Weiss Ratings lowered Deckers Outdoor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 3rd. Barclays set a $100.00 price objective on Deckers Outdoor in a research report on Friday. Truist Financial set a $95.00 target price on Deckers Outdoor and gave the stock a “buy” rating in a report on Friday. Finally, Wolfe Research initiated coverage on Deckers Outdoor in a research report on Wednesday. They issued a “peer perform” rating on the stock. Eleven 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $105.79.
Check Out Our Latest Report on DECK
Deckers Outdoor News Summary
Here are the key news stories impacting Deckers Outdoor this week:
- Positive Sentiment: Deckers reported fiscal second-quarter EPS well above consensus, supported by stronger-than-expected margins. Revenue rose roughly 3.5% year over year to $1.48 billion, while HOKA revenue increased 7% and wholesale sales grew 9%. Deckers Brands Reports Second Quarter Fiscal Year 2027 Financial Results
- Positive Sentiment: The company’s fiscal 2027 EPS outlook of $7.80 to $7.95 is above the consensus estimate of $7.52, indicating that disciplined pricing and margin management remain supportive of profitability. Deckers Projects Fiscal 2027 Guidance
- Neutral Sentiment: Some analysts still see substantial upside and retained positive ratings: BNP Paribas Exane maintained “outperform,” while Stifel and Needham maintained “buy” ratings. However, their price targets were reduced, reflecting more cautious assumptions. Stifel Analyst Recommendation
- Negative Sentiment: Fiscal 2027 revenue guidance was cut to $5.70 billion–$5.725 billion from expectations near $5.9 billion. Management cited softer direct-to-consumer demand, logistics issues, higher promotions and slower HOKA and UGG growth. Deckers Cuts Sales Outlook Amid Slower HOKA and UGG Growth
- Negative Sentiment: The revenue miss and reduced outlook triggered broad analyst target cuts, including Piper Sandler’s downgrade to “underweight” with a $75 target. Jefferies, Evercore, Raymond James, Truist and others also lowered targets, signaling concern that premium footwear growth may be losing momentum amid aggressive industry discounting. Piper Sandler Downgrades Deckers Outdoor
Deckers Outdoor Profile
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.
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