Wedbush reaffirmed their neutral rating on shares of Deckers Outdoor (NYSE:DECK) in a research report sent to investors on Tuesday, December 19th, Marketbeat Ratings reports. The brokerage currently has a $72.00 target price on the textile maker’s stock, up from their prior target price of $64.00. Wedbush also issued estimates for Deckers Outdoor’s Q3 2018 earnings at $3.86 EPS, Q4 2018 earnings at $0.26 EPS, FY2018 earnings at $4.40 EPS and FY2019 earnings at $5.10 EPS. The analysts noted that the move was a valuation call.
Several other equities research analysts also recently issued reports on DECK. ValuEngine raised Deckers Outdoor from a hold rating to a buy rating in a research report on Wednesday, September 6th. Susquehanna Bancshares reiterated a neutral rating and issued a $57.00 target price on shares of Deckers Outdoor in a research note on Thursday, September 14th. Piper Jaffray Companies reiterated a hold rating and issued a $66.00 target price on shares of Deckers Outdoor in a research note on Friday, September 29th. BidaskClub upgraded shares of Deckers Outdoor from a hold rating to a buy rating in a research note on Tuesday, October 3rd. Finally, Pivotal Research assumed coverage on shares of Deckers Outdoor in a research note on Thursday, October 5th. They issued a buy rating and a $80.00 target price for the company. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $71.69.
Deckers Outdoor (NYSE:DECK) traded up $1.25 during trading on Tuesday, reaching $82.95. 283,787 shares of the company’s stock traded hands, compared to its average volume of 541,195. The firm has a market capitalization of $2,650.00, a P/E ratio of 82.95, a price-to-earnings-growth ratio of 1.73 and a beta of 1.26. Deckers Outdoor has a 52-week low of $44.00 and a 52-week high of $83.10. 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 (NYSE:DECK) last issued its quarterly earnings results 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. The company had revenue of $482.50 million for the quarter, compared to the consensus estimate of $440.11 million. Deckers Outdoor had a return on equity of 15.23% and a net margin of 1.80%. The firm’s revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $1.21 earnings per share. equities research analysts forecast that Deckers Outdoor will post 4.34 EPS for the current year.
Deckers Outdoor declared that its Board of Directors has approved a share repurchase program on Thursday, October 26th that allows the company to buyback $335.00 million in shares. This buyback authorization allows the textile maker to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
Several large investors have recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Deckers Outdoor by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,529 shares of the textile maker’s stock valued at $318,000 after acquiring an additional 25 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Deckers Outdoor by 1.5% in the second quarter. Arizona State Retirement System now owns 13,500 shares of the textile maker’s stock valued at $922,000 after acquiring an additional 200 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Deckers Outdoor by 6.6% in the second quarter. Public Employees Retirement System of Ohio now owns 4,370 shares of the textile maker’s stock valued at $298,000 after acquiring an additional 270 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Deckers Outdoor by 1.7% in the second quarter. Prudential Financial Inc. now owns 21,547 shares of the textile maker’s stock valued at $1,471,000 after acquiring an additional 367 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in shares of Deckers Outdoor by 7.3% in the second quarter. Thrivent Financial For Lutherans now owns 6,460 shares of the textile maker’s stock valued at $441,000 after acquiring an additional 440 shares during the last quarter. Institutional investors own 99.56% of the company’s stock.
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About Deckers Outdoor
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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