Deckers Outdoor (NYSE:DECK) had its target price upped by analysts at Susquehanna Bancshares from $200.00 to $235.00 in a report issued on Friday, The Fly reports. Susquehanna Bancshares’ target price suggests a potential upside of 21.00% from the stock’s current price.
DECK has been the topic of several other research reports. Jefferies Financial Group boosted their price objective on shares of Deckers Outdoor from $200.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Stifel Nicolaus upped their target price on Deckers Outdoor from $180.00 to $200.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Citigroup reduced their price objective on shares of Deckers Outdoor from $180.00 to $175.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Cowen assumed coverage on shares of Deckers Outdoor in a research report on Wednesday, June 3rd. They set an “outperform” rating and a $220.00 price target on the stock. Finally, Bank of America raised their price target on shares of Deckers Outdoor from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Deckers Outdoor has an average rating of “Buy” and an average target price of $202.40.
Shares of NYSE DECK traded up $4.19 during trading hours on Friday, hitting $194.21. The company had a trading volume of 5,695 shares, compared to its average volume of 363,279. The stock has a market capitalization of $5.46 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. The company has a quick ratio of 2.93, a current ratio of 3.97 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average is $192.50 and its 200-day moving average is $167.71. Deckers Outdoor has a 1-year low of $78.70 and a 1-year high of $218.18.
Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.48. The business had revenue of $374.90 million during the quarter, compared to the consensus estimate of $355.40 million. Deckers Outdoor had a return on equity of 26.45% and a net margin of 12.95%. Deckers Outdoor’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, sell-side analysts predict that Deckers Outdoor will post 8.1 earnings per share for the current year.
In other news, insider Caroti Stefano sold 4,000 shares of Deckers Outdoor stock in a transaction on Friday, June 5th. The stock was sold at an average price of $207.45, for a total transaction of $829,800.00. Following the completion of the transaction, the insider now owns 33,857 shares of the company’s stock, valued at approximately $7,023,634.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO David E. Lafitte sold 500 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $198.69, for a total value of $99,345.00. Following the sale, the chief operating officer now owns 30,074 shares in the company, valued at approximately $5,975,403.06. The disclosure for this sale can be found here. Insiders sold a total of 6,832 shares of company stock worth $1,382,955 over the last ninety days. Insiders own 0.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in DECK. Mount Yale Investment Advisors LLC bought a new position in Deckers Outdoor during the second quarter worth $209,000. HBW Advisory Services LLC bought a new position in shares of Deckers Outdoor in the 2nd quarter worth about $619,000. Diversified Trust Co acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at about $657,000. State Street Corp grew its position in shares of Deckers Outdoor by 1.8% during the 1st quarter. State Street Corp now owns 914,653 shares of the textile maker’s stock valued at $122,564,000 after buying an additional 16,301 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Deckers Outdoor by 57.8% during the first quarter. Royal Bank of Canada now owns 37,251 shares of the textile maker’s stock worth $4,992,000 after acquiring an additional 13,651 shares during the period. 99.00% of the stock is owned by institutional investors.
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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