Deckers Outdoor Corporation (NYSE:DECK)‘s stock had its “negative” rating reiterated by equities research analysts at Susquehanna Bancshares Inc in a report released on Monday, October 16th, Marketbeat.com reports. They currently have a $40.00 price objective on the textile maker’s stock, down from their prior price objective of $57.00. Susquehanna Bancshares Inc’s price target points to a potential downside of 42.99% from the company’s current price.
A number of other research analysts have also weighed in on the company. UBS AG lowered Deckers Outdoor Corporation to a “neutral” rating in a research report on Monday, October 16th. BidaskClub lowered Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Robert W. Baird reiterated a “hold” rating and issued a $67.00 price target on shares of Deckers Outdoor Corporation in a research report on Friday, October 6th. Stifel Nicolaus lifted their price target on Deckers Outdoor Corporation from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, 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 price target for the company. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. Deckers Outdoor Corporation currently has an average rating of “Hold” and an average price target of $67.29.
Shares of Deckers Outdoor Corporation (NYSE DECK) opened at 70.16 on Monday. The company’s 50 day moving average price is $66.20 and its 200 day moving average price is $64.43. The company has a market capitalization of $2.24 billion, a P/E ratio of 100.80 and a beta of 1.34. Deckers Outdoor Corporation has a 12 month low of $44.00 and a 12 month high of $72.72.
Deckers Outdoor Corporation (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.52. The business had revenue of $482.50 million for the quarter, compared to analysts’ expectations of $440.11 million. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.21 earnings per share. Analysts expect that Deckers Outdoor Corporation will post $4.09 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flinton Capital Management LLC grew its holdings in Deckers Outdoor Corporation by 74.2% in the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after purchasing an additional 736 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in Deckers Outdoor Corporation by 75.5% in the second quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after purchasing an additional 831 shares during the last quarter. James Investment Research Inc. purchased a new stake in shares of Deckers Outdoor Corporation during the second quarter valued at $148,000. Point72 Asia Hong Kong Ltd grew its holdings in shares of Deckers Outdoor Corporation by 185.2% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock valued at $150,000 after buying an additional 1,626 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Deckers Outdoor Corporation by 91.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock valued at $175,000 after buying an additional 1,213 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.
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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