Deckers Outdoor (NYSE:DECK) PT Set at $85.00 by Stifel Nicolaus

Stifel Nicolaus set a $85.00 price objective on Deckers Outdoor (NYSE:DECK) in a research report released on Saturday, December 16th. The brokerage currently has a buy rating on the textile maker’s stock.

Several other equities analysts have also commented on the stock. BidaskClub lowered shares of Deckers Outdoor from a buy rating to a hold rating in a research report on Tuesday, November 7th. Morgan Stanley upped their price target on shares of Deckers Outdoor from $64.50 to $70.00 and gave the stock an equal weight rating in a research report on Tuesday, October 31st. Jefferies Group set a $82.00 price target on shares of Deckers Outdoor and gave the stock a buy rating in a research report on Sunday, October 29th. Buckingham Research set a $68.00 price target on shares of Deckers Outdoor and gave the stock a hold rating in a research report on Friday, October 27th. Finally, Citigroup increased their price objective on shares of Deckers Outdoor from $70.00 to $74.00 and gave the stock a neutral rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. Deckers Outdoor currently has a consensus rating of Hold and an average price target of $71.69.

Shares of Deckers Outdoor (NYSE:DECK) traded up $1.11 during mid-day trading on Friday, reaching $81.70. 224,637 shares of the company traded hands, compared to its average volume of 441,667. Deckers Outdoor has a 1 year low of $44.00 and a 1 year high of $81.84. The company has a quick ratio of 1.26, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2,610.00, a price-to-earnings ratio of 81.70, a price-to-earnings-growth ratio of 1.68 and a beta of 1.26.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 EPS for the quarter, topping the consensus estimate of $1.02 by $0.52. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. The firm had revenue of $482.50 million during the quarter, compared to analyst estimates of $440.11 million. During the same quarter in the prior year, the business posted $1.21 earnings per share. Deckers Outdoor’s revenue for the quarter was down .7% compared to the same quarter last year. sell-side analysts anticipate that Deckers Outdoor will post 4.32 earnings per share for the current fiscal year.

Deckers Outdoor declared that its Board of Directors has authorized a stock repurchase plan on Thursday, October 26th that permits the company to repurchase $335.00 million in shares. This repurchase authorization permits the textile maker to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Several hedge funds have recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Deckers Outdoor by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,529 shares of the textile maker’s stock valued at $318,000 after purchasing an additional 25 shares during the period. Arizona State Retirement System boosted its stake in shares of Deckers Outdoor by 1.5% in the second quarter. Arizona State Retirement System now owns 13,500 shares of the textile maker’s stock valued at $922,000 after purchasing an additional 200 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Deckers Outdoor by 6.6% in the second quarter. Public Employees Retirement System of Ohio now owns 4,370 shares of the textile maker’s stock valued at $298,000 after purchasing an additional 270 shares during the period. Prudential Financial Inc. boosted its stake in shares of Deckers Outdoor by 1.7% in the second quarter. Prudential Financial Inc. now owns 21,547 shares of the textile maker’s stock valued at $1,471,000 after purchasing an additional 367 shares during the period. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Deckers Outdoor by 7.3% in the second quarter. Thrivent Financial For Lutherans now owns 6,460 shares of the textile maker’s stock valued at $441,000 after purchasing an additional 440 shares during the period. Institutional investors and hedge funds own 99.56% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://stocknewstimes.com/2018/01/11/deckers-outdoor-deck-pt-set-at-85-00-by-stifel-nicolaus.html.

Deckers Outdoor 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.

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply