Canaccord Genuity set a $76.00 price objective on Deckers Outdoor Corporation (NYSE:DECK) in a report published on Wednesday, October 25th. The firm currently has a buy rating on the textile maker’s stock.
Several other research firms have also commented on DECK. BidaskClub raised Deckers Outdoor Corporation from a sell rating to a hold rating in a report on Wednesday, July 5th. Susquehanna Bancshares Inc reaffirmed a neutral rating and set a $57.00 target price (down from $60.00) on shares of Deckers Outdoor Corporation in a report on Monday, July 24th. Piper Jaffray Companies set a $66.00 target price on Deckers Outdoor Corporation and gave the company a hold rating in a report on Thursday, July 27th. Telsey Advisory Group upped their target price on Deckers Outdoor Corporation from $68.00 to $72.00 and gave the company an outperform rating in a report on Friday, July 28th. Finally, Stifel Nicolaus set a $74.00 target price on Deckers Outdoor Corporation and gave the company a buy rating in a report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Deckers Outdoor Corporation presently has a consensus rating of Hold and a consensus price target of $69.43.
Shares of Deckers Outdoor Corporation (DECK) traded up $1.95 during midday trading on Wednesday, reaching $68.45. The company’s stock had a trading volume of 510,400 shares, compared to its average volume of 752,195. Deckers Outdoor Corporation has a 12-month low of $44.00 and a 12-month high of $73.45. The firm has a market capitalization of $2,125.43, a PE ratio of 14.84, a P/E/G ratio of 1.45 and a beta of 1.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.26.
Deckers Outdoor Corporation (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.52. Deckers Outdoor Corporation had a return on equity of 15.23% and a net margin of 1.80%. The firm had revenue of $482.50 million for the quarter, compared to analysts’ expectations of $440.11 million. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Deckers Outdoor Corporation’s revenue for the quarter was down .7% compared to the same quarter last year. research analysts anticipate that Deckers Outdoor Corporation will post 4.3 EPS for the current fiscal year.
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Deckers Outdoor Corporation announced that its Board of Directors has initiated a stock buyback program on Thursday, October 26th that permits the company to buyback $335.00 million in shares. This buyback authorization permits the textile maker to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
Several large investors have recently made changes to their positions in DECK. UBS Asset Management Americas Inc. raised its holdings in shares of Deckers Outdoor Corporation by 19.7% during the first quarter. UBS Asset Management Americas Inc. now owns 22,465 shares of the textile maker’s stock worth $1,342,000 after acquiring an additional 3,693 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Deckers Outdoor Corporation by 89.3% during the first quarter. JPMorgan Chase & Co. now owns 57,916 shares of the textile maker’s stock worth $3,459,000 after acquiring an additional 27,316 shares in the last quarter. Credit Agricole S A purchased a new stake in shares of Deckers Outdoor Corporation during the first quarter worth $310,000. OppenheimerFunds Inc. raised its holdings in shares of Deckers Outdoor Corporation by 33.5% during the first quarter. OppenheimerFunds Inc. now owns 8,903 shares of the textile maker’s stock worth $532,000 after acquiring an additional 2,234 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in shares of Deckers Outdoor Corporation by 4.1% during the first quarter. Teachers Advisors LLC now owns 55,987 shares of the textile maker’s stock worth $3,344,000 after acquiring an additional 2,200 shares in the last quarter. Institutional investors and hedge funds own 98.89% 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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