Piper Sandler Cuts Deckers Outdoor (DECK) Price Target to $75
Key Points
- Piper Sandler lowered its rating on Deckers Outdoor Corporation to Underweight on October 23, 2026, dropping its price target to $75.00 from $100.00.
- Piper Sandler's $75 price target implies 12.02% downside from Deckers Outdoor Corporation's ($DECK) current $85.25 share price.
- Deckers Outdoor shares recently traded around $85.25, resting about 1.5% above their 50-day moving average and 30.3% below their 52-week high.
- Other financial institutions have adjusted their portfolios, with Two Sigma Investments raising its stake to 2,128,626 shares.
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On October 23, 2026, Piper Sandler adjusted its outlook on Deckers Outdoor Corporation (NYSE: DECK), lowering its rating on the footwear maker to Underweight and reducing its price target from $100.00 to $75.00. The adjustment comes as Wall Street firms review their expectations for the consumer cyclical company.
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Deckers Outdoor Corporation
Piper Sandler vs. the S&P 500
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Piper Sandler's Call on Deckers Outdoor
In its research note published on October 23, 2026, Piper Sandler assigned an Underweight rating to the stock while moving its price target down to $75.00 from the previous target of $100.00. The updated target sits below the stock's recent trading level, pointing to a cautious near-term view from the firm.
Other Institutional Activity in Deckers Outdoor
Large investors continue to shift their holdings in the footwear company. Livforsakringsbolaget Skandia cut its stake by 53,840 shares, ending with 80,734 shares valued at about $6.31 million. AQR Capital Management trimmed its position by 1,206,053 shares to hold 2,718,623 shares worth roughly $231.84 million. Meanwhile, Two Sigma Investments expanded its holdings by adding 660,912 shares, finishing with 2,128,626 shares valued at about $181.53 million.
Deckers Outdoor Corporation Stock Down 0.3%
Deckers Outdoor shares recently traded around $85.25, close to the previous session's close of $85.28 on October 22, 2026. The stock sits about 1.5% above its 50-day moving average of $83.95, while trading roughly 14.8% below its 200-day moving average of $100.03. Shares remain about 30.3% below their 52-week high of $122.29 and about 10.4% above their 52-week low of $77.20.
$DECK price target
Deckers Outdoor Corporation daily closes and this analyst's $75 target. Not advice.
Recent Earnings
Deckers reported trailing twelve-month revenue of $5.53 billion alongside earnings of $7.07 per share.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 13.4%. Revenue beat estimates by 7.3%.
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Profit surprise
EBITDA beat by 20 percent. Operating income beat by 20 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 upgrade, 1 downgrade, 2 target raises, 1 target cut.
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Earnings quality
Gross margin down 1.1 points. Operating margin down 3.4 points. Positive free cash flow.
Earnings Call Summary
Deckers delivered a strong first quarter with revenue of $965 million, up 17 percent, driven by HOKA hitting a record $653 million and UGG at $265 million. Both brands grew faster internationally, with international revenue surging 50 percent. The company raised prices on July 1 and made product improvements, but withdrew full-year guidance citing tariff uncertainty and unpredictable U.S. consumer behavior ahead.
Guidance The company withdrew its full-year guidance due to uncertainty around tariffs and the U.S. consumer. For the next quarter, it expects revenue between $1.38 billion and $1.42 billion with earnings per share between $1.50 and $1.55. HOKA should grow about 10 percent and UGG at least mid-single digits.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Analysts Set New Price Targets
Several other firms recently updated their views on the company. Raymond James maintained an Outperform rating while lowering its target from $120.00 to $105.00 on October 16, 2026. Evercore ISI Group kept an In-Line rating and reduced its target from $108.00 to $90.00 on October 21, 2026. Wolfe Research initiated coverage with a Peer Perform rating on October 22, 2026. Needham maintained a Buy rating while lowering its target from $125.00 to $96.00 on October 23, 2026.
About Deckers Outdoor
Based in Goleta, California, Deckers Outdoor Corporation designs and distributes footwear, apparel, and accessories for everyday wear and outdoor sports. The company's portfolio features well-known brands such as UGG, HOKA, and Teva, reaching customers globally through wholesale and direct-to-consumer channels.
Bottom Line
Piper Sandler's move highlights growing caution among analysts regarding the footwear maker's valuation relative to its new price target. Investors will want to watch upcoming earnings reports and further institutional filings for signs of how the company's core brands navigate current retail conditions.
Related Filing Alerts
Source: Piper Sandler's rating change on $DECK (Oct 23, 2026). Written by software, not financial advice. How we make alerts