Stifel Nicolaus reiterated their buy rating on shares of Deckers Outdoor (NYSE:DECK) in a report published on Wednesday morning, MarketBeat Ratings reports. They currently have a $93.00 target price on the textile maker’s stock, up from their prior target price of $85.00.
Other research analysts also recently issued research reports about the stock. Susquehanna Bancshares reissued a negative rating and issued a $40.00 price objective (down previously from $57.00) on shares of Deckers Outdoor in a research report on Monday, October 16th. BidaskClub raised shares of Deckers Outdoor from a hold rating to a buy rating in a research report on Tuesday, October 3rd. Morgan Stanley lifted their price objective on shares of Deckers Outdoor from $64.50 to $70.00 and gave the company an equal weight rating in a research report on Tuesday, October 31st. Wedbush reissued a neutral rating and issued a $72.00 price objective (up previously from $64.00) on shares of Deckers Outdoor in a research report on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Buckingham Research set a $68.00 price objective on shares of Deckers Outdoor and gave the company a hold rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. Deckers Outdoor presently has an average rating of Hold and an average target price of $72.31.
Shares of Deckers Outdoor (DECK) traded up $1.86 during mid-day trading on Wednesday, reaching $85.39. 1,242,110 shares of the company’s stock traded hands, compared to its average volume of 335,722. The company has a quick ratio of 1.26, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. Deckers Outdoor has a 12-month low of $44.00 and a 12-month high of $85.74. The firm has a market cap of $2,729.15, a price-to-earnings ratio of 85.39, a P/E/G ratio of 1.79 and a beta 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 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 firm had revenue of $482.50 million for the quarter, compared to analyst estimates of $440.11 million. During the same period in the previous year, the business earned $1.21 EPS. The company’s revenue was down .7% compared to the same quarter last year. equities analysts expect that Deckers Outdoor will post 4.37 earnings per share for the current fiscal year.
Deckers Outdoor announced that its Board of Directors has approved a stock repurchase program on Thursday, October 26th that authorizes the company to buyback $335.00 million in shares. This buyback authorization authorizes the textile maker to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
Hedge funds have recently made changes to their positions in the stock. Flinton Capital Management LLC raised its stake in Deckers Outdoor by 74.2% in 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 raised its stake in Deckers Outdoor by 75.5% in 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. raised its stake in Deckers Outdoor by 21,160.0% in 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. raised its stake in Deckers Outdoor by 91.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after purchasing an additional 1,213 shares in the last quarter. Finally, Parallax Volatility Advisers L.P. raised its stake in Deckers Outdoor by 401.9% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 2,654 shares of the textile maker’s stock worth $181,000 after purchasing an additional 3,533 shares in the last quarter.
TRADEMARK VIOLATION WARNING: “Deckers Outdoor’s (DECK) “Buy” Rating Reaffirmed at Stifel Nicolaus” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/01/21/deckers-outdoors-deck-buy-rating-reaffirmed-at-stifel-nicolaus.html.
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.
Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.