Piper Sandler Reiterates Neutral Rating on Deckers Outdoor (DECK)

Piper Sandler analyst Anna Andreeva reiterated a Neutral rating and $100.00 price target on Deckers Outdoor (NYSE: DECK).

The analyst commented: "DECK reports F4Q25 next Thursday 5/22 AMC. The stock is up ~30% since Liberation Day but is still down sharply YTD, with short interest more than doubling (given weak 3rd party data and noise from the transition of the two biggest franchises Bondi/Clifton). The key for the stock is growth trajectory of HOKA--we estimate international contributing 9- points to 24% total brand growth we model this year and 6-points to 10% we model in FY26, which implies US slowing to MSD. With management likely striking an even more conservative tone than historically given the macro, sell side estimates are downwardly biased--we further rein in our FY26 (to $5.65). While buyside is seemingly already bracing for a conservative guide, given growth slowing, especially if US is further moderating, and the stock still pricey at 22x PE, we are staying Neutral."

For an analyst ratings summary and ratings history on Deckers Outdoor click here. For more ratings news on Deckers Outdoor click here.

Shares of Deckers Outdoor closed at $127.91 yesterday.

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