Deckers Outdoor Corporation (DECK) Earns “Buy” Rating from Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Deckers Outdoor Corporation (NYSE:DECK) in a research note released on Friday, October 27th, MarketBeat.com reports.

DECK has been the subject of several other reports. FIG Partners reaffirmed a buy rating on shares of Deckers Outdoor Corporation in a research note on Monday, October 16th. Robert W. Baird reaffirmed a hold rating and issued a $67.00 price objective on shares of Deckers Outdoor Corporation in a research note on Friday, October 6th. UBS AG lowered Deckers Outdoor Corporation to a neutral rating in a research note on Monday, October 16th. ValuEngine raised Deckers Outdoor Corporation from a hold rating to a buy rating in a research note on Wednesday, September 6th. Finally, Telsey Advisory Group raised their price objective on Deckers Outdoor Corporation from $68.00 to $72.00 and gave the company an outperform rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $69.43.

Deckers Outdoor Corporation (NYSE:DECK) traded up $1.95 during midday trading on Friday, reaching $68.45. The company’s stock had a trading volume of 510,400 shares, compared to its average volume of 752,195. The stock has a market cap of $2,125.43, a PE ratio of 14.84, a PEG 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 has a fifty-two week low of $44.00 and a fifty-two week high of $73.45.

Deckers Outdoor Corporation (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.52. The business had revenue of $482.50 million during the quarter, compared to analyst estimates of $440.11 million. Deckers Outdoor Corporation had a return on equity of 15.23% and a net margin of 1.80%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company earned $1.21 EPS. equities analysts predict that Deckers Outdoor Corporation will post 4.3 EPS for the current fiscal year.

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Deckers Outdoor Corporation declared that its Board of Directors has initiated a share buyback plan on Thursday, October 26th that authorizes the company to repurchase $335.00 million in outstanding shares. This repurchase authorization authorizes the textile maker to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in shares of Deckers Outdoor Corporation by 1.8% in the 3rd quarter. Wells Fargo & Company MN now owns 69,407 shares of the textile maker’s stock valued at $4,748,000 after acquiring an additional 1,237 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Deckers Outdoor Corporation by 264.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 265,436 shares of the textile maker’s stock valued at $17,823,000 after acquiring an additional 192,617 shares during the period. Legal & General Group Plc increased its holdings in shares of Deckers Outdoor Corporation by 2.6% in the 3rd quarter. Legal & General Group Plc now owns 43,841 shares of the textile maker’s stock valued at $2,995,000 after acquiring an additional 1,123 shares during the period. Eagle Asset Management Inc. purchased a new position in shares of Deckers Outdoor Corporation in the 3rd quarter valued at $8,548,000. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Deckers Outdoor Corporation by 5.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 19,882 shares of the textile maker’s stock valued at $1,334,000 after acquiring an additional 1,008 shares during the period. Institutional investors and hedge funds own 98.89% 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.

Analyst Recommendations for Deckers Outdoor Corporation (NYSE:DECK)

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