Deckers Outdoor (DECK) Given Neutral Rating at Buckingham Research

Buckingham Research restated their neutral rating on shares of Deckers Outdoor (NYSE:DECK) in a research note published on Wednesday, MarketBeat Ratings reports. The brokerage currently has a $95.00 price target on the textile maker’s stock.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity reissued a buy rating and issued a $100.00 price objective (up previously from $78.00) on shares of Deckers Outdoor in a research note on Monday, January 29th. Stifel Nicolaus upped their target price on Deckers Outdoor from $93.00 to $107.00 and gave the stock a buy rating in a report on Friday, February 2nd. ValuEngine upgraded Deckers Outdoor from a hold rating to a buy rating in a report on Friday, February 2nd. Pivotal Research restated a buy rating and set a $102.00 target price (up previously from $80.00) on shares of Deckers Outdoor in a report on Tuesday, January 30th. Finally, Zacks Investment Research lowered Deckers Outdoor from a buy rating to a hold rating in a report on Wednesday, January 3rd. 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’s stock. Deckers Outdoor currently has an average rating of Hold and an average price target of $88.29.

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Shares of NYSE:DECK opened at $93.99 on Wednesday. Deckers Outdoor has a 52-week low of $56.48 and a 52-week high of $98.92. The company has a market capitalization of $3,006.99, a P/E ratio of 24.60, a PEG ratio of 1.41 and a beta of 1.00. The company has a current ratio of 3.25, a quick ratio of 2.16 and a debt-to-equity ratio of 0.03.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $4.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.84 by $1.13. Deckers Outdoor had a return on equity of 17.72% and a net margin of 4.17%. The company had revenue of $810.50 million for the quarter, compared to analysts’ expectations of $748.38 million. During the same quarter in the prior year, the firm earned $4.11 earnings per share. Deckers Outdoor’s revenue was up 6.6% compared to the same quarter last year. equities research analysts predict that Deckers Outdoor will post 5.43 earnings per share for the current fiscal year.

In other news, COO David E. Lafitte sold 600 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $90.85, for a total transaction of $54,510.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andrea O’donnell sold 2,220 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $93.90, for a total value of $208,458.00. Following the sale, the insider now owns 17,793 shares of the company’s stock, valued at approximately $1,670,762.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,368 shares of company stock valued at $1,451,457. Company insiders own 1.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Deckers Outdoor by 1.3% during the 4th quarter. BlackRock Inc. now owns 3,360,502 shares of the textile maker’s stock valued at $269,681,000 after purchasing an additional 44,584 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Deckers Outdoor by 2.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,132,706 shares of the textile maker’s stock valued at $90,898,000 after purchasing an additional 27,266 shares during the last quarter. Alliancebernstein L.P. raised its stake in Deckers Outdoor by 1,206.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,094,351 shares of the textile maker’s stock worth $87,822,000 after acquiring an additional 1,010,608 shares during the last quarter. American Century Companies Inc. raised its stake in Deckers Outdoor by 360.2% in the 4th quarter. American Century Companies Inc. now owns 810,815 shares of the textile maker’s stock worth $65,068,000 after acquiring an additional 634,610 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in Deckers Outdoor by 9.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 556,933 shares of the textile maker’s stock worth $38,100,000 after acquiring an additional 48,948 shares during the last quarter.

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Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and sidewalk surfers shoe, and yoga mat and beer cozy sandal collections under the Sanuk brand name.

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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