Deckers Outdoor Corporation (NYSE:DECK) had its price objective lifted by research analysts at Telsey Advisory Group from $68.00 to $72.00 in a research report issued to clients and investors on Friday, July 28th, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the textile maker’s stock. Telsey Advisory Group’s price target indicates a potential upside of 11.11% from the company’s previous close.
DECK has been the topic of several other research reports. Zacks Investment Research raised Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a report on Monday, April 10th. Jefferies Group LLC set a $68.00 price objective on Deckers Outdoor Corporation and gave the company a “buy” rating in a report on Saturday, May 27th. Wedbush began coverage on Deckers Outdoor Corporation in a report on Tuesday, April 11th. They set a “neutral” rating and a $52.00 price objective on the stock. ValuEngine raised Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $60.00 target price (up from $50.00) on shares of Deckers Outdoor Corporation in a report on Monday, May 1st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $67.00.
Deckers Outdoor Corporation (DECK) opened at 64.80 on Friday. The stock’s 50 day moving average price is $65.61 and its 200 day moving average price is $60.46. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $72.72. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 93.10 and a beta of 1.27.
Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings data on Thursday, July 27th. The textile maker reported ($1.28) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.67) by $0.39. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The company had revenue of $209.70 million for the quarter, compared to the consensus estimate of $178.36 million. During the same quarter last year, the business posted ($1.80) EPS. Deckers Outdoor Corporation’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, equities research analysts predict that Deckers Outdoor Corporation will post $4.08 EPS for the current year.
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Several institutional investors have recently made changes to their positions in DECK. Glen Harbor Capital Management LLC increased its position in shares of Deckers Outdoor Corporation by 6.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,736 shares of the textile maker’s stock worth $104,000 after buying an additional 112 shares during the last quarter. Flinton Capital Management LLC increased its position in shares of Deckers Outdoor Corporation by 74.2% in the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after buying an additional 736 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Deckers Outdoor Corporation by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,288 shares of the textile maker’s stock worth $126,000 after buying an additional 55 shares during the last quarter. Elkfork Partners LLC increased its position in shares of Deckers Outdoor Corporation by 6.9% in the first quarter. Elkfork Partners LLC now owns 2,108 shares of the textile maker’s stock worth $126,000 after buying an additional 136 shares during the last quarter. Finally, TrimTabs Asset Management LLC acquired a new position in shares of Deckers Outdoor Corporation during the first quarter worth $131,000.
About Deckers Outdoor Corporation
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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