Deckers Outdoor (NYSE:DECK) Releases Earnings Results, Beats Expectations By $0.15 EPS

Deckers Outdoor (NYSE:DECK) issued its quarterly earnings data on Thursday. The textile maker reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.15, FiscalAI reports. Deckers Outdoor had a net margin of 19.46% and a return on equity of 41.60%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Deckers Outdoor updated its FY 2027 guidance to 7.300-7.450 EPS.

Deckers Outdoor Trading Up 4.5%

Deckers Outdoor stock traded up $4.46 during mid-day trading on Thursday, hitting $102.70. The stock had a trading volume of 3,952,110 shares, compared to its average volume of 2,337,833. The firm has a market capitalization of $14.58 billion, a P/E ratio of 14.51, a P/E/G ratio of 2.03 and a beta of 1.14. The firm’s 50 day moving average is $102.17 and its 200 day moving average is $101.46. Deckers Outdoor has a one year low of $78.91 and a one year high of $127.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Revolve Wealth Partners LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $247,000. Syon Capital LLC purchased a new stake in shares of Deckers Outdoor during the 4th quarter valued at about $238,000. State of Wyoming raised its position in shares of Deckers Outdoor by 5,165.7% during the 4th quarter. State of Wyoming now owns 1,843 shares of the textile maker’s stock valued at $191,000 after buying an additional 1,808 shares in the last quarter. Lido Advisors LLC raised its position in shares of Deckers Outdoor by 7.1% during the 4th quarter. Lido Advisors LLC now owns 2,479 shares of the textile maker’s stock valued at $252,000 after buying an additional 164 shares in the last quarter. Finally, Caxton Associates LLP purchased a new stake in shares of Deckers Outdoor during the 3rd quarter valued at about $202,000. Institutional investors own 97.79% of the company’s stock.

Analysts Set New Price Targets

DECK has been the subject of several recent analyst reports. Raymond James Financial downgraded shares of Deckers Outdoor from a “strong-buy” rating to an “outperform” rating and set a $133.00 target price for the company. in a report on Thursday, April 23rd. Zacks Research downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Argus raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Friday, February 20th. Barclays reaffirmed an “overweight” rating and issued a $143.00 target price (up from $113.00) on shares of Deckers Outdoor in a report on Friday, January 30th. Finally, Wells Fargo & Company downgraded shares of Deckers Outdoor from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $115.00 to $90.00 in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $122.42.

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.