Stifel Nicolaus upgraded shares of Deckers Outdoor (NYSE:DECK) from a hold rating to a buy rating in a research note released on Friday morning, BenzingaRatingsTable reports. They currently have $170.00 price objective on the textile maker’s stock, up from their previous price objective of $166.00.
A number of other analysts have also issued reports on DECK. Pivotal Research upgraded shares of Deckers Outdoor from a hold rating to a buy rating and dropped their price target for the stock from $175.00 to $167.00 in a research note on Monday, August 19th. Citigroup set a $180.00 target price on shares of Deckers Outdoor and gave the company a hold rating in a research note on Friday, July 26th. Bank of America reiterated a buy rating and set a $200.00 target price (up previously from $180.00) on shares of Deckers Outdoor in a research note on Friday, July 26th. Susquehanna Bancshares boosted their target price on shares of Deckers Outdoor from $180.00 to $205.00 in a research note on Friday, July 26th. Finally, ValuEngine lowered shares of Deckers Outdoor from a sell rating to a strong sell rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the stock. Deckers Outdoor has a consensus rating of Hold and an average target price of $163.80.
Shares of NYSE:DECK traded up $10.35 during midday trading on Friday, reaching $154.08. The company had a trading volume of 614,493 shares, compared to its average volume of 528,189. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.69 and a quick ratio of 1.62. The stock’s fifty day moving average price is $144.17 and its 200-day moving average price is $153.94. The stock has a market capitalization of $4.16 billion, a P/E ratio of 17.43, a PEG ratio of 1.37 and a beta of 0.85. Deckers Outdoor has a one year low of $102.97 and a one year high of $180.76.
Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.67) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.15) by $0.48. The business had revenue of $276.80 million during the quarter, compared to analyst estimates of $259.71 million. Deckers Outdoor had a net margin of 13.45% and a return on equity of 27.74%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.98) earnings per share. As a group, sell-side analysts forecast that Deckers Outdoor will post 8.68 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in DECK. Covington Capital Management acquired a new position in shares of Deckers Outdoor during the second quarter valued at $25,000. Coastal Investment Advisors Inc. acquired a new position in shares of Deckers Outdoor during the second quarter valued at $26,000. Shamrock Asset Management LLC acquired a new position in shares of Deckers Outdoor during the second quarter valued at $27,000. Doyle Wealth Management acquired a new position in shares of Deckers Outdoor during the second quarter valued at $37,000. Finally, SRS Capital Advisors Inc. acquired a new position in shares of Deckers Outdoor during the second quarter valued at $56,000.
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, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.
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