Deckers Outdoor (NYSE:DECK) Rating Increased to Strong-Buy at KeyCorp

Deckers Outdoor (NYSE:DECK) was upgraded by stock analysts at KeyCorp from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Friday,Zacks.com reports.

DECK has been the subject of several other research reports. Truist Financial upped their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Deckers Outdoor in a research report on Wednesday. UBS Group set a $157.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a report on Wednesday. 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. 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $136.26.

Deckers Outdoor Stock Down 3.7%

NYSE DECK opened at $95.23 on Friday. Deckers Outdoor has a 52 week low of $93.72 and a 52 week high of $223.98. The firm has a market capitalization of $14.13 billion, a P/E ratio of 14.61, a PEG ratio of 3.77 and a beta of 1.05. The company has a 50-day moving average price of $109.65 and a 200-day moving average price of $109.36.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 24th. The textile maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.68 by $0.25. Deckers Outdoor had a net margin of 19.42% and a return on equity of 40.49%. The firm had revenue of $964.54 million during the quarter, compared to analyst estimates of $901.45 million. During the same quarter in the prior year, the firm earned $4.52 EPS. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. Deckers Outdoor has set its Q2 2026 guidance at 1.500-1.550 EPS. As a group, equities research analysts anticipate that Deckers Outdoor will post 5.89 EPS for the current year.

Insider Transactions at Deckers Outdoor

In other Deckers Outdoor 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 transaction of $35,406.00. Following the completion of the sale, 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 filing with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Deckers Outdoor

A number of institutional investors have recently added to or reduced their stakes in the stock. Fluent Financial LLC purchased a new stake in Deckers Outdoor during the 3rd quarter valued at approximately $1,542,000. Marshall Financial Group LLC grew its holdings in Deckers Outdoor by 4.6% during the 3rd quarter. Marshall Financial Group LLC now owns 8,753 shares of the textile maker’s stock valued at $887,000 after buying an additional 383 shares in the last quarter. Czech National Bank grew its holdings in Deckers Outdoor by 1.6% during the 3rd quarter. Czech National Bank now owns 37,677 shares of the textile maker’s stock valued at $3,819,000 after buying an additional 579 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Deckers Outdoor by 208.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 178,664 shares of the textile maker’s stock valued at $18,111,000 after buying an additional 120,735 shares in the last quarter. Finally, Sanders Morris Harris LLC purchased a new stake in Deckers Outdoor during the 3rd quarter valued at approximately $730,000. 97.79% of the stock is owned by hedge funds and other institutional investors.

About Deckers Outdoor

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.