Deckers Outdoor CorporationNYSE: DECK
Consumer Discretionary · Footwear
$109.04
+3.14%
Vol: 1.5M
Research Digest
Friday, June 19, 2026
Deckers Outdoor posts record FY2026 revenue of $5.47B driven by 15.9% HOKA growth and raises FY2027 EPS guidance to $7.30-$7.45.
Deckers Brands reported fiscal year 2026 results with total net sales of $5.47 billion, up 9.8% year-over-year, and diluted EPS of $7.02. HOKA brand net sales grew 15.9% for the full year and 14.5% in Q4, while UGG grew 8.2% annually and 9.2% in Q4. Management raised FY2027 guidance to revenue of $5.86-$5.91 billion and diluted EPS of $7.30-$7.45, targeting low-to-mid double-digit earnings growth. The company expanded its share repurchase authorization to approximately $5 billion and repurchased $1.075 billion in shares during FY2026. Deckers plans to open 20-25 HOKA stores per year internationally, with continued investment in e-commerce and technology.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Deckers Outdoor reports fiscal Q4 2026 earnings on May 21, 2026, with Piper Sandler having recently upgraded the stock to Neutral and projecting an EPS beat (~$1.00 vs $0.83 consensus).Mixed▶
Deckers Brands (DECK) is scheduled to release its fiscal fourth-quarter and full-year 2026 earnings results today, May 21, 2026, at approximately 4:30 pm ET. Heading into the print, Piper Sandler upgraded the shares to Neutral from Underweight on May 18 and raised its price target to $100 from $95, forecasting EPS of about $1.00 versus the Wall Street consensus of $0.83. The stock had shown improving momentum, rising 4.2% to $98.24 on May 20 ahead of the report. Recent analyst stance has been mixed, with UBS having cut its target to $145 (Buy) on May 14 and Wells Fargo downgrading to Underweight with a $90 target on May 8. Performance hinges on flagship UGG and HOKA brands. The earnings release is the primary near-term catalyst.
May 20Piper Sandler upgrades Deckers to Neutral ahead of May 21 Q4 earnings; Argus also lifts rating to Buy.Mixed▶
On May 18, 2026, Piper Sandler upgraded Deckers from Underweight to Neutral and raised its price target to $100 from $95, citing a more balanced risk-reward profile after share underperformance ahead of fiscal Q4 earnings on May 21. Argus analyst John Staszak also upgraded the stock to Buy from Hold, citing improved management forecasting. On May 14, UBS maintained Buy but cut its price target to $145 from $161 amid softer trends. Wells Fargo downgraded to Underweight from Equal Weight with a target of $90 on May 8. Analysts expect Q4 EPS of $0.83 on revenue of $1.09B, with shares down 5.5% to $94.89 on May 13.
May 19Deckers Brands set May 21 conference call for Q4 FY2026 earnings as UBS cuts PT to $145 and Piper Sandler upgrades to NeutralMixed▶
Deckers Brands confirmed its Q4 and full fiscal year 2026 earnings conference call for Thursday, May 21, 2026 at ~4:30 PM ET, with consensus expecting EPS of $0.83 on $1.09B revenue (a 44.4% YoY contraction from $1.96B last year). UBS lowered its price target to $145 from $161 on May 14, maintaining Buy but flagging softer trends, while Raymond James downgraded to Outperform from Strong Buy after an 11% post-Q3 gain. Piper Sandler upgraded to Neutral from Underweight with a $100 PT (up from $95). DECK shares fell 5.5% on May 13 to $94.89 and traded around $93.57 on May 18. Average analyst rating is Buy with a 12-month PT of $120.40, implying ~29% upside. Investor focus remains on UGG and HOKA demand into the print.
May 18Deckers Outdoor shares slide toward $93 ahead of May 21 fiscal Q4 2026 earnings as UBS cuts price target to $145 (from $161) on softer near-term trends while maintaining BuyMixed▶
Deckers Outdoor will report fiscal Q4 and full year 2026 results on May 21, 2026 at ~4:30 PM ET. UBS reiterated its Buy rating on May 14 but lowered its PT to $145 (from $161), citing softer near-term trends for both Hoka and UGG. Shares fell 5.5% on May 13 to $94.89 and traded between $92.98-$95.09 on May 18, with current price around $93.57. Analyst views are diverging: Piper Sandler upgraded DECK to Neutral from Underweight (PT $100), Argus upgraded to Buy from Hold, while Wells Fargo downgraded to Underweight from Equal Weight (PT $90 from $115). The 23-analyst consensus is Buy with a 12-month average PT of $120.40 (~28.7% upside). Analysts expect a 19% YoY EPS decline in the upcoming print.
May 15Deckers shares fell 5.5% to $94.89 on May 13 after Wells Fargo downgraded to Underweight with $90 target ahead of Q4 FY26 earnings call scheduled May 21.Negative▶
Deckers Outdoor shares fell 5.5% on May 13 to $94.89 after Wells Fargo analyst Ike Boruchow downgraded the stock to Underweight from Equal Weight, cutting its price target to $90 from $115. UBS analyst Jay Sole separately lowered his price target to $145 from $161 while maintaining Buy. The company announced its conference call to review Q4 and full fiscal year 2026 results will be held Thursday, May 21 at 4:30 pm ET. Stock has fallen ~10% over the past month and ~16% over the past three months. As of May 15, DECK traded between $94.10 and $95.90. The 23-analyst consensus is Buy with average 12-month target of $120.4 (~27% upside). Risk: brand fatigue concerns and competitive pressures on UGG and HOKA.
May 14Deckers Outdoor shares drop 5.5% to $94.89 May 13 ahead of May 21 Q4 earnings amid Wells Fargo downgrade and DCF valuation concerns.Negative▶
Deckers Outdoor shares fell 5.5% on May 13, 2026, closing at $94.89, with the stock down ~10% over the past month and ~16% over the past three months. The decline comes ahead of the May 21 fiscal Q4 2026 earnings release where analysts expect EPS of $0.81 (a 19% YoY decline). Wells Fargo analyst Ike Boruchow downgraded DECK to Underweight from Equal Weight with a $90 price target (down from $115), while Bernstein analyst Aneesha Sherman upgraded to Market Perform from Underperform with a $100 target. The Simply Wall St DCF model values shares at $82.36 (below the current $96.65), suggesting a premium valuation that conflicts with the $127.71 analyst fair value. UGG and HOKA brand momentum will be key to results.
May 13Deckers Outdoor shares fell 5.5% to $94.89 on May 13 ahead of Q4 FY2026 earnings on May 21; Wells Fargo downgraded to Underweight at $90Negative▶
Deckers Outdoor (DECK) shares fell 5.5% on May 13, 2026, closing at $94.89, with analysts projecting a 19% YoY EPS decline for Q4 (consensus $0.81 vs $1 prior year). The company will report Q4 and full fiscal year 2026 results on Thursday, May 21 at 4:30 pm ET. Wells Fargo's Ike Boruchow downgraded Deckers to Underweight from Equal Weight with a price target of $90, down from $115, citing competitive pressures on its brands. The market has priced in an earnings reaction of +/- 11.31% ($11.46) on the upcoming report. The brand portfolio includes UGG, HOKA, Teva, Koolaburra, and AHNU, with HOKA expanding its retail footprint significantly in Europe and Asia with reported 35-40% YoY revenue growth in early 2026. Deckers has beaten Wall Street estimates in the past four quarters.
May 12Deckers shares fell 3.8% to $96.65 on May 11 ahead of its May 21 Q4 earnings call, with Wells Fargo downgrading to Underweight and cutting PT to $90.Negative▶
Deckers shares dropped 3.8% to $96.65 on May 11 amid valuation concerns, with the stock down ~10% over the past month and ~16% over three months. Wells Fargo analyst Ike Boruchow downgraded DECK to Underweight from Equal Weight with a $90 PT (cut from $115), and Raymond James downgraded to Outperform from Strong Buy with a $133 PT. Q4 fiscal 2026 results are due May 21 at 4:30pm ET. Bear case: UGG/HOKA momentum is showing fatigue and a DCF model implies fair value of $82, below the current price.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| DECKDECKERS | $109.04 | +3.14% | -1.0% | 12.6x | 1.17 | $14.5B |
| AMZNAMAZON.COM | $244.58 | +2.98% | +3.6% | 24.5x | 1.46 | $2.61T |
| TSLATESLA | $401.07 | +1.18% | +4.8% | 154.5x | 1.80 | $1.48T |
| HDHOME | $334.97 | +2.29% | +4.4% | 22.2x | 0.95 | $356.9B |
| MCDMCDONALD | $278.85 | -1.75% | +2.5% | 19.7x | 0.42 | $199.4B |
| TJXTJX | $163.80 | -0.20% | -6.6% | 26.8x | 0.62 | $170.4B |
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Price above both MAs — bullish structure.