Deckers Outdoor Reports Record Profits and Raises 2026 Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 22 2025
0mins
Should l Buy DECK?
Deckers Outdoor Corp's stock is up 15.51% in pre-market trading, reaching a 20-day high, following the company's strong Q3 earnings report.
Deckers reported total revenue of $1.96 billion for Q3, a 7.1% year-over-year increase, with HOKA sales rising 18.5% to $628.9 million and UGG sales increasing 4.9% to $1.31 billion. The company raised its full-year outlook, reflecting strong brand demand and market confidence, despite margin contraction. This positive performance has led to a significant increase in investor interest.
The strong earnings report and optimistic guidance for fiscal 2026 indicate that Deckers is well-positioned for continued growth, particularly with its expanding HOKA brand in international markets.
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Analyst Views on DECK
Wall Street analysts forecast DECK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DECK is 111.50 USD with a low forecast of 81.00 USD and a high forecast of 157.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
9 Buy
9 Hold
3 Sell
Moderate Buy
Current: 111.170
Low
81.00
Averages
111.50
High
157.00
Current: 111.170
Low
81.00
Averages
111.50
High
157.00
About DECK
Deckers Outdoor Corporation designs, markets, and distributes footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. Its segments include UGG brand, HOKA brand and Other brands. The UGG brand segment provides premium footwear, apparel and accessories. The HOKA brand segment’s products include running, trail, hiking, fitness, and lifestyle footwear offerings, as well as select apparel and accessories. Its Other brands segment consists of Teva brand, AHNU brand, and Koolaburra brand. Its Teva brand includes a variety of footwear options, from classic sandals and shoes to boots. The Koolaburra brand is a casual footwear fashion line that uses plush materials. Its AHNU brand’s footwear products fuse high-performance technology for everyday wear. Its portfolio of brands includes UGG, HOKA, Teva, and AHNU. It sells its products through domestic and international retailers and international distributors in its wholesale channel.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Global Marketing Campaigns: The new products are accompanied by global marketing initiatives such as Run Wilder and the Speedgoat 7 Vert Challenge, aimed at enhancing brand engagement with runners, boosting brand loyalty, and expanding market share.
- Community-Driven Strategy: HOKA strengthens its position within the running community by integrating athlete stories and virtual challenges, which is anticipated to enhance brand recognition and customer retention, further solidifying its competitive edge in the market.
- Risks and Opportunities: While the new products and campaigns may enhance brand image and sales, the frequent high-spec launches and marketing activities could also increase costs, potentially pressuring margins if sales do not keep pace.
See More
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Strong Earnings Report: Deckers Outdoor Corporation's stock surged 14.2% after posting record earnings for fiscal year 2026, exceeding previous guidance and analyst expectations for both earnings per share (EPS) and net sales.
Brand Performance: The company's HOKA and UGG brands showed significant growth, with HOKA generating approximately $629 million in revenue and UGG net sales increasing by 4.9% to $1.305 billion, indicating strong global demand.
Cautious Analyst Outlook: Despite the positive earnings, analysts remain cautious about the sustainability of growth, citing potential challenges in the broader consumer market and the impact of tariff policies on future performance.
Future Guidance: Deckers expects EPS for fiscal year 2026 to be between $6.80 and $6.85, higher than prior estimates, while also acknowledging the potential impact of tariffs, which could amount to around $110 million for the fiscal year.
See More
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- Marketing Campaign: To promote the Speedgoat 7, HOKA launches the Run Wilder campaign, showcasing the shoe's real-world performance in Iceland's diverse landscapes, which enhances brand image and attracts trail runners' attention, potentially driving sales growth.
- Challenge Event: HOKA invites trail runners worldwide to participate in the Speedgoat 7 Vert Challenge, where participants aim to achieve 7,000 feet of vertical gain in 30 days, conducted via Strava and Joyrun platforms, aimed at increasing brand engagement and user loyalty.
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