Deckers Outdoor (NYSE:DECK) Updates FY 2027 Earnings Guidance

Deckers Outdoor (NYSE:DECK) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 7.300-7.450 for the period, compared to the consensus earnings per share estimate of 7.320. The company issued revenue guidance of $5.9 billion-$5.9 billion, compared to the consensus revenue estimate of $5.8 billion.

Analyst Ratings Changes

A number of research analysts have issued reports on DECK shares. Argus upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Friday, February 20th. Barclays reiterated an “overweight” rating and set a $143.00 price target (up from $113.00) on shares of Deckers Outdoor in a research note on Friday, January 30th. Sanford C. Bernstein upgraded Deckers Outdoor from an “underperform” rating to a “market perform” rating and increased their price target for the stock from $90.00 to $100.00 in a research note on Wednesday, May 6th. Stifel Nicolaus increased their price target on Deckers Outdoor from $117.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. Finally, Truist Financial set a $132.00 price target on Deckers Outdoor in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $122.42.

Deckers Outdoor Trading Up 4.5%

Shares of DECK stock traded up $4.46 on Thursday, hitting $102.70. 2,857,555 shares of the stock were exchanged, compared to its average volume of 2,331,730. The firm has a market capitalization of $14.58 billion, a PE ratio of 14.51, a P/E/G ratio of 2.03 and a beta of 1.14. Deckers Outdoor has a one year low of $78.91 and a one year high of $127.00. The firm’s 50 day moving average is $102.17 and its two-hundred day moving average is $101.46.

Institutional Trading of Deckers Outdoor

A number of institutional investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. raised its holdings in shares of Deckers Outdoor by 374.1% in the 4th quarter. Federated Hermes Inc. now owns 3,149,719 shares of the textile maker’s stock valued at $326,531,000 after acquiring an additional 2,485,338 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Deckers Outdoor by 340.5% in the 4th quarter. AQR Capital Management LLC now owns 2,633,353 shares of the textile maker’s stock valued at $273,000,000 after acquiring an additional 2,035,517 shares in the last quarter. Viking Global Investors LP purchased a new stake in shares of Deckers Outdoor in the 3rd quarter valued at about $175,058,000. Marshall Wace LLP raised its holdings in shares of Deckers Outdoor by 5,324.4% in the 4th quarter. Marshall Wace LLP now owns 1,498,106 shares of the textile maker’s stock valued at $155,309,000 after acquiring an additional 1,470,488 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Deckers Outdoor by 89.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,186,741 shares of the textile maker’s stock valued at $123,029,000 after acquiring an additional 560,862 shares in the last quarter. Hedge funds and other institutional investors own 97.79% of the company’s stock.

About Deckers Outdoor

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.