Deckers Outdoor Corporation (NYSE:DECK) has been assigned a consensus recommendation of “Hold” from the twenty-one ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $65.62.
Several brokerages have recently weighed in on DECK. ValuEngine downgraded Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Morgan Stanley upped their target price on Deckers Outdoor Corporation from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Pivotal Research began coverage on Deckers Outdoor Corporation in a research report on Thursday, October 5th. They issued a “buy” rating and a $80.00 target price for the company. BidaskClub raised Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Deckers Outdoor Corporation in a research report on Thursday, September 14th.
Shares of Deckers Outdoor Corporation (NYSE DECK) traded up 1.02% during trading on Thursday, reaching $65.31. The company had a trading volume of 610,438 shares. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 93.84 and a beta of 1.33. The firm has a 50-day moving average of $65.80 and a 200 day moving average of $63.98. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $72.72.
Deckers Outdoor Corporation (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.67) by $0.39. The company had revenue of $209.70 million during the quarter, compared to analyst estimates of $178.36 million. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The firm’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.80) earnings per share. On average, equities research analysts forecast that Deckers Outdoor Corporation will post $4.09 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Deckers Outdoor Corporation by 16,546.5% during the first quarter. BlackRock Inc. now owns 3,303,169 shares of the textile maker’s stock valued at $197,298,000 after buying an additional 3,283,326 shares in the last quarter. FMR LLC raised its stake in Deckers Outdoor Corporation by 2.3% during the first quarter. FMR LLC now owns 2,770,008 shares of the textile maker’s stock valued at $165,452,000 after buying an additional 63,382 shares in the last quarter. Vanguard Group Inc. raised its stake in Deckers Outdoor Corporation by 0.7% during the second quarter. Vanguard Group Inc. now owns 2,622,377 shares of the textile maker’s stock valued at $179,002,000 after buying an additional 19,287 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Deckers Outdoor Corporation by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,546,161 shares of the textile maker’s stock valued at $173,801,000 after buying an additional 174,844 shares in the last quarter. Finally, State Street Corp raised its stake in Deckers Outdoor Corporation by 3.6% during the second quarter. State Street Corp now owns 1,039,579 shares of the textile maker’s stock valued at $70,962,000 after buying an additional 36,356 shares in the last quarter. Hedge funds and other institutional investors own 99.44% of the company’s stock.
About Deckers Outdoor Corporation
Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.
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