Deckers Outdoor Corporation logo

Deckers Outdoor Corporation(DECK)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$78.67
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for DECK

09/25/2026: DECK (1-star) is currently NOT-A-BUY. Pass it for now.

Deckers Outdoor Corporation is a premium footwear and apparel company known for its influential UGG and HOKA brands. The company has demonstrated success by shifting toward a direct-to-consumer model, which has driven strong margins and brand engagement. The primary investment story centers on the continued global expansion of HOKA and the sustained demand for premium lifestyle footwear. Key risks include intense competition from large athletic incumbents and the potential for shifts in consumer fashion trends. The stock may suit growth-oriented investors looking for brand momentum, though it carries volatility typical of high-growth retail brands. Investors should monitor quarterly growth rates for HOKA and the success of international market penetration.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company consistently delivers revenue and margin expansion driven by the rapid growth of the HOKA brand.
Momentum investorStrong fit while signal remains positiveThe stock often exhibits strong price momentum driven by favorable quarterly earnings beats and brand popularity.
Value investorMixed fitThe stock frequently trades at a premium multiple due to its growth profile, which may deter traditional value investors.
Dividend investorWeak fitDeckers does not pay a regular dividend as it prefers to reinvest capital into brand and operational growth.
Low-risk investorMixed fitWhile the business quality is strong, the stock can experience significant volatility typical of high-growth consumer brands.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highGrowth stocks in the consumer sector are often sensitive to market sentiment and earnings expectations.
Valuation riskMediumHigh expectations are often priced into the stock, leaving little margin for error during earnings reports.
Competition risk (Athletic Footwear)HighIntense competition from major players like Nike could pressure market share and pricing power.
Business qualityStrongThe company maintains high brand equity and strong operational margins, indicating a durable business model.
Dividend incomeLow / noneInvestors seeking immediate cash flow will not find it with this equity.
Execution riskMediumMaintaining rapid growth while scaling supply chains and international operations requires precise management.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 3.33%
Avg. Invested days 40
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
DECK receives a 4-star rating, supported by strong unit economics, solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
DECK has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and solid ownership. In FY2026 versus FY2025, moderate earnings growth (+6.0%) and strong cash generation (FCF margin 20.1%) are partially offset by moderate revenue growth (+9.8%), very low insider ownership of 0.71%.

Financial Health Rating

★★★★★
DECK's financial health is supported by strong cash strength, including free-cash-flow generation of $1.1B (20.1% of revenue). Operating efficiency is solid (4 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is DECK's strongest growth driver at +14.5% FY2026 versus FY2025 (solid, 4 stars). Revenue growth (+9.8%, moderate) and earnings growth (+6.0%, moderate) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 101.4% and approximately 99.0% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.71%, which materially reduces the ownership score.

Top 5 Institutional Investors

BlackRock Inc 10.86%
Vanguard Capital Management, LLC 6.78%
State Street Corp 4.54%
FMR Inc 4.50%
Vanguard Portfolio Management, LLC 4.29%

Unit Economics (Per $1K Revenue)

★★★★★
DECK generates approximately $577 of gross profit, $231 of operating income, and $201 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: 22.79%

Quantitative Style Profile

★★★★★
DECK has a high-quality, large-cap, liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLarge / Mega Cap StabilityShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 10.71B USD
Price to earnings Ratio 11.17
1Y Target Price 120.41
Price to earnings Ratio 11.17
1Y Target Price 120.41
Volume (30-day avg) 3.1M shares
Beta 1.15
52 Weeks Range 77.37 - 122.29
Updated Date 09/26/2026
52 Weeks Range 77.37 - 122.29
Updated Date 09/26/2026
Dividends yield (FY) -
Basic EPS (TTM) 7.04

How Company Makes Money

Business areaWhat it includesRetail investor read
Direct-to-Consumer (DTC)Sales made through company-owned e-commerce sites and physical retail locations.Higher profit margins and better consumer data direct from customers.
WholesaleSales to third-party retailers such as department stores and specialty athletic shops.Provides broader market reach and brand awareness but at lower margins.
Geography: North AmericaPrimary revenue generating region for both UGG and HOKA brands.The bedrock of current earnings, though international growth is increasing.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 11.17
Forward PE 10.65
Enterprise Value 9.57B
Price to Sales(TTM) 1.94
Enterprise Value 9.57B
Price to Sales(TTM) 1.94
Enterprise Value to Revenue 1.73
Enterprise Value to EBITDA 6.89
Shares Outstanding 136.18M
Shares Floating 134.88M
Shares Outstanding 136.18M
Shares Floating 134.88M
Percent Insiders 0.71
Percent Institutions 101.45

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Deckers Outdoor Corporation

Exchange NYSE
Headquarters Goleta, CA, United States
IPO Launch date 1993-10-14
CEO, President & Director Mr. Stefano Caroti
Sector Consumer Cyclical
Industry Footwear & Accessories
Full time employees 6000
Full time employees 6000

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers footwear, apparel, and accessories under the UGG brand; footwear, such as running, trail, hiking, fitness, and lifestyle shoes, as well as apparel and accessories under the HOKA brand; and sandals, shoes, and boots under the Teva brand name. It also provides a casual footwear fashion line under the Koolaburra brand name; and footwear products under the AHNU brand name. The company sells its products through domestic and international retailers, international distributors, and directly to its consumers through its direct-to-consumer business, which includes e-commerce websites and retail stores. Deckers Outdoor Corporation was founded in 1973 and is headquartered in Goleta, California.