Jefferies Group downgraded shares of Deckers Outdoor (NYSE:DECK) from a buy rating to a hold rating in a report released on Tuesday, January 2nd, Marketbeat Ratings reports. Jefferies Group also issued estimates for Deckers Outdoor’s Q3 2018 earnings at $3.70 EPS, Q4 2018 earnings at $0.25 EPS, FY2018 earnings at $4.20 EPS and FY2019 earnings at $4.90 EPS.
Other equities research analysts have also issued reports about the stock. Susquehanna Bancshares reiterated a negative rating and issued a $40.00 price objective (down from $57.00) on shares of Deckers Outdoor in a research report on Monday, October 16th. BidaskClub upgraded shares of Deckers Outdoor from a hold rating to a buy rating in a research report on Tuesday, October 3rd. Morgan Stanley upped their target price on shares of Deckers Outdoor from $64.50 to $70.00 and gave the company an equal weight rating in a report on Tuesday, October 31st. Stifel Nicolaus set a $85.00 target price on shares of Deckers Outdoor and gave the company a buy rating in a report on Saturday, December 16th. Finally, Wedbush restated a neutral rating and issued a $72.00 target price (up from $64.00) on shares of Deckers Outdoor in a report on Tuesday, December 19th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $72.31.
Deckers Outdoor (DECK) opened at $85.39 on Tuesday. 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 has a 12 month low of $44.00 and a 12 month high of $85.74. The stock has a market cap of $2,669.74, a price-to-earnings ratio of 85.39, a price-to-earnings-growth ratio of 1.76 and a beta of 1.26.
Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.52. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. The business had revenue of $482.50 million for the quarter, compared to analysts’ expectations of $440.11 million. During the same period in the prior year, the company posted $1.21 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. equities research analysts anticipate that Deckers Outdoor will post 4.37 earnings per share for the current fiscal year.
Deckers Outdoor announced that its board has initiated a share buyback 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. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Flinton Capital Management LLC increased its position in Deckers Outdoor by 74.2% during the 2nd 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 in the last quarter. Riverhead Capital Management LLC increased its position in Deckers Outdoor by 75.5% during the 2nd 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 in the last quarter. Contravisory Investment Management Inc. increased its position in Deckers Outdoor by 21,160.0% during the 4th quarter. Contravisory Investment Management Inc. now owns 2,126 shares of the textile maker’s stock worth $171,000 after purchasing an additional 2,116 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Deckers Outdoor by 91.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock valued at $175,000 after acquiring an additional 1,213 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. grew its position in Deckers Outdoor by 401.9% in the second quarter. Parallax Volatility Advisers L.P. now owns 2,654 shares of the textile maker’s stock valued at $181,000 after acquiring an additional 3,533 shares in the last quarter.
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Deckers Outdoor 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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