Deckers Outdoor (DECK) walked into its earnings night with everything a footwear company could want.
Record fiscal 2026 revenue, record EPS, a blockbuster $3.5 billion buyback authorization, and a fiscal 2027 outlook that came in above Wall Street’s consensus
Then, Bank of America trimmed its price target the next morning anyway, MarketScreener reports. The new figure of $115, down from $120, with a Neutral rating maintained, sits roughly $11 below the Wall Street consensus of $126.62, per Stock Analysis. It’s not a panic call.
But it’s a quiet signal that the company many investors view as a “growth-at-any-price” story may be running into a more complicated chapter. And the actual numbers, when you pull them apart, explain why. What BofA saw in Deckers’ fiscal 2026 results that the headline missed The fourth quarter print looked clean on the surface, as seen on Yahoo Finance.