Deckers Outdoor (NYSE:DECK) Trading Down 3.9% – Here’s What Happened

Shares of Deckers Outdoor Corporation (NYSE:DECK) traded down 3.9% during mid-day trading on Tuesday . The company traded as low as $88.23 and last traded at $88.4880. 415,418 shares traded hands during trading, a decline of 82% from the average daily volume of 2,319,883 shares. The stock had previously closed at $92.08.

Analyst Ratings Changes

Several research firms have issued reports on DECK. Barclays set a $133.00 price objective on Deckers Outdoor and gave the stock an “overweight” rating in a research report on Friday, July 24th. Needham & Company LLC lowered their price target on Deckers Outdoor from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Piper Sandler restated a “neutral” rating on shares of Deckers Outdoor in a report on Thursday, June 11th. UBS Group restated a “buy” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Finally, Robert W. Baird decreased their target price on shares of Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Nine analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Deckers Outdoor presently has an average rating of “Hold” and a consensus price target of $117.16.

Deckers Outdoor Stock Performance

The stock has a fifty day moving average price of $100.76 and a 200-day moving average price of $104.81. The firm has a market cap of $12.11 billion, a PE ratio of 12.60, a PEG ratio of 1.71 and a beta of 1.17.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, July 23rd. The textile maker reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Deckers Outdoor had a net margin of 18.54% and a return on equity of 41.51%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted $0.93 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Deckers Outdoor has set its FY 2027 guidance at 7.350-7.500 EPS. As a group, equities analysts predict that Deckers Outdoor Corporation will post 7.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Deckers Outdoor

Institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System raised its holdings in shares of Deckers Outdoor by 9,479.9% during the 2nd quarter. California State Teachers Retirement System now owns 21,355,790 shares of the textile maker’s stock valued at $2,120,416,000 after buying an additional 21,132,867 shares during the period. Saudi Central Bank lifted its position in shares of Deckers Outdoor by 84.7% during the second quarter. Saudi Central Bank now owns 9,937 shares of the textile maker’s stock worth $987,000 after purchasing an additional 4,557 shares in the last quarter. Munich Reinsurance Co Stock Corp in Munich lifted its position in shares of Deckers Outdoor by 16.6% during the second quarter. Munich Reinsurance Co Stock Corp in Munich now owns 168,273 shares of the textile maker’s stock worth $16,708,000 after purchasing an additional 23,895 shares in the last quarter. Plan A Wealth LLC purchased a new position in shares of Deckers Outdoor in the second quarter valued at $254,000. Finally, Raiffeisen Bank International AG grew its holdings in Deckers Outdoor by 11.8% during the 2nd quarter. Raiffeisen Bank International AG now owns 89,614 shares of the textile maker’s stock valued at $9,076,000 after purchasing an additional 9,456 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation is a global designer, marketer and distributor of footwear, apparel and accessories. The company’s product portfolio includes well‐known brands such as UGG, HOKA, Teva, Sanuk and Koolaburra by UGG, spanning a range of lifestyle, performance and outdoor categories. Deckers leverages a blend of proprietary manufacturing, strategic brand storytelling and direct‐to‐consumer retail to serve both fashion‐focused and performance‐oriented customers.

Founded in 1973 by Doug Otto and Karl F.