Pivotal Research initiated coverage on shares of Deckers Outdoor Corporation (NYSE:DECK) in a research note issued to investors on Thursday, October 5th, Marketbeat Ratings reports. The firm issued a buy rating and a $80.00 price objective on the textile maker’s stock.
A number of other research firms have also recently commented on DECK. Buckingham Research cut Deckers Outdoor Corporation from a buy rating to a neutral rating in a research note on Wednesday, June 7th. BidaskClub raised Deckers Outdoor Corporation from a sell rating to a hold rating in a report on Wednesday, July 5th. Piper Jaffray Companies reissued a hold rating and issued a $66.00 price objective on shares of Deckers Outdoor Corporation in a report on Friday, September 29th. ValuEngine lowered Deckers Outdoor Corporation from a buy rating to a hold rating in a report on Thursday, June 22nd. Finally, Zacks Investment Research lowered Deckers Outdoor Corporation from a buy rating to a hold rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Deckers Outdoor Corporation currently has a consensus rating of Hold and a consensus target price of $66.53.
Deckers Outdoor Corporation (DECK) traded up 1.28% during midday trading on Thursday, reaching $65.48. 359,420 shares of the company traded hands. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $72.72. The stock’s 50 day moving average is $65.80 and its 200 day moving average is $63.98. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 94.08 and a beta of 1.33.
Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $178.36 million. During the same period last year, the business posted ($1.80) earnings per share. The firm’s revenue was up 20.2% compared to the same quarter last year. On average, equities analysts anticipate that Deckers Outdoor Corporation will post $4.08 earnings per share for the current year.
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A number of hedge funds have recently bought and sold shares of DECK. Wells Fargo & Company MN increased its stake in Deckers Outdoor Corporation by 20.4% during the first quarter. Wells Fargo & Company MN now owns 86,301 shares of the textile maker’s stock worth $5,155,000 after acquiring an additional 14,630 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Deckers Outdoor Corporation by 4.1% during the first quarter. Great West Life Assurance Co. Can now owns 18,874 shares of the textile maker’s stock worth $1,127,000 after acquiring an additional 739 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Deckers Outdoor Corporation by 26.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 18,051 shares of the textile maker’s stock worth $1,078,000 after acquiring an additional 3,824 shares during the last quarter. First Trust Advisors LP increased its stake in Deckers Outdoor Corporation by 51.3% during the first quarter. First Trust Advisors LP now owns 49,266 shares of the textile maker’s stock worth $2,943,000 after acquiring an additional 16,714 shares during the last quarter. Finally, Comerica Bank increased its stake in Deckers Outdoor Corporation by 4.2% during the first quarter. Comerica Bank now owns 24,581 shares of the textile maker’s stock worth $1,486,000 after acquiring an additional 994 shares during the last quarter. 99.44% of the stock is owned by institutional investors.
Deckers Outdoor Corporation 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.
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