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On Friday, Raymond (NSE:RYMD) James made adjustments to Deckers Outdoor Corporation’s (NYSE:DECK) financial outlook, reducing the price target to $140 from the previous $150. Despite this change, the firm maintained a Strong Buy rating on the company’s stock.
Deckers Outdoor reported earnings per share (EPS) for the fourth fiscal quarter of 2025 that surpassed expectations, driven by higher-than-anticipated revenue, gross margin percentage, controlled selling, general and administrative expenses (SG&A), and earnings before interest and taxes (EBIT) percentage. The UGG brand outperformed revenue forecasts, while HOKA saw a growth of 10%, which was below both Raymond James’ and the Street’s expectation of 13%.
The company provided a softer outlook for the first fiscal quarter, expecting revenue growth of 8-10%, which is below the 12% anticipated by Raymond James and the Street. The projected EPS, excluding buybacks, is between $0.62 and $0.67, which is also lower than Raymond James’ estimate of $0.81 and the Street’s $0.80.
Following the market closure, Deckers Outdoor’s stock experienced a notable decline. However, Raymond James continues to endorse the stock with a Strong Buy rating. The firm believes that the new guidance includes conservative estimates for both revenue and margins. They also suggest that there is room for the company to accelerate its share buyback program. Additionally, their sum-of-the-parts (SOTP) analysis still indicates a significantly higher stock price for Deckers Outdoor, even with a slower growth forecast for fiscal year 2026. For deeper insights into Deckers’ valuation and growth prospects, including exclusive financial metrics and analyst forecasts, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Nike (NYSE:NKE) is set to implement a price increase on a wide range of its products, excluding children’s items and Air Force 1 shoes, as reported by CNBC. The price adjustments, ranging from $2 to $10, are expected to take effect by June 1. Additionally, Amazon (NASDAQ:AMZN) has announced it will resume direct sales of Nike products, a move confirmed by an Amazon spokesperson. This decision comes after Nike ceased direct sales on Amazon in 2019 due to concerns over counterfeit merchandise.
RBC Capital Markets has adjusted its outlook on Nike, reducing the stock price target from $66 to $65, while maintaining a Sector Perform rating. The firm cited Nike’s efforts to manage excess inventory and prepare for future product launches as reasons for the adjustment. Furthermore, Nike is undergoing organizational changes, including layoffs in its technology division, shifting some responsibilities to third-party vendors as part of a strategic shift.
Stifel analysts have maintained a Hold rating on Nike stock with a price target of $64. The firm noted significant leadership changes, including the elevation of Amy Montagne to President of the Nike brand. These developments are part of Nike’s ongoing efforts to realign its strategy and address challenges such as tariff pressures.
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