Deckers Outdoor Corporation (NYSE:DECK)‘s stock had its “buy” rating reaffirmed by research analysts at FIG Partners in a research report issued to clients and investors on Monday, October 16th.
Other analysts also recently issued reports about the company. ValuEngine downgraded Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. BidaskClub upgraded Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $57.00 price target (down from $60.00) on shares of Deckers Outdoor Corporation in a report on Monday, July 24th. Piper Jaffray Companies set a $66.00 price target on Deckers Outdoor Corporation and gave the company a “hold” rating in a report on Thursday, July 27th. Finally, Telsey Advisory Group increased their price target on Deckers Outdoor Corporation from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $68.21.
Deckers Outdoor Corporation (NYSE DECK) traded up 3.32% during midday trading on Monday, reaching $72.49. The company had a trading volume of 2,256,292 shares. The company has a market capitalization of $2.32 billion, a P/E ratio of 104.15 and a beta of 1.34. The firm has a 50-day moving average of $66.20 and a 200 day moving average of $64.43. Deckers Outdoor Corporation has a 1-year low of $44.00 and a 1-year high of $73.45.
Deckers Outdoor Corporation (NYSE:DECK) last posted its earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.52. Deckers Outdoor Corporation had a return on equity of 15.32% and a net margin of 1.80%. The firm had revenue of $482.50 million for the quarter, compared to analyst estimates of $440.11 million. During the same quarter in the prior year, the company earned $1.21 EPS. Deckers Outdoor Corporation’s revenue was down .7% on a year-over-year basis. On average, equities research analysts forecast that Deckers Outdoor Corporation will post $4.09 EPS for the current year.
Deckers Outdoor Corporation declared that its board has approved a share buyback plan on Thursday, October 26th that authorizes the company to buyback $335.00 million in outstanding shares. This buyback authorization authorizes the textile maker to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
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Several hedge funds and other institutional investors have recently bought and sold shares of DECK. Flinton Capital Management LLC increased its stake in shares of Deckers Outdoor Corporation by 74.2% during the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 736 shares during the period. Riverhead Capital Management LLC grew its position 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 buying an additional 831 shares during the last quarter. James Investment Research Inc. acquired a new position in Deckers Outdoor Corporation in the second quarter worth approximately $148,000. Point72 Asia Hong Kong Ltd grew its position in Deckers Outdoor Corporation by 185.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock worth $150,000 after buying an additional 1,626 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Deckers Outdoor Corporation by 91.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after buying an additional 1,213 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.
Deckers Outdoor Corporation Company Profile
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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