Barclays Capital Increases Deckers Outdoor Corp. Price Target to $70.00 (DECK)
Barclays Capital upped their price target on shares of Deckers Outdoor Corp. (NASDAQ:DECK) from $65.00 to $70.00 in a research note issued on Tuesday, ARN reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price target indicates a potential upside of 6.19% from the stock’s previous close.
Shares of Deckers Outdoor Corp. (NASDAQ:DECK) traded up 2.96% during mid-day trading on Tuesday, hitting $67.87. The stock had a trading volume of 842,365 shares. Deckers Outdoor Corp. has a 52 week low of $28.53 and a 52 week high of $66.85. The stock has a 50-day moving average of $60.17 and a 200-day moving average of $55.91. The company has a market cap of $2.341 billion and a price-to-earnings ratio of 20.70.
Deckers Outdoor Corp. (NASDAQ:DECK) last posted its quarterly earnings results on Thursday, July 25th. The company reported ($0.85) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.04) by $0.19. The company had revenue of $170.10 million for the quarter, compared to the consensus estimate of $179.40 million. During the same quarter in the prior year, the company posted ($0.53) earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts expect that Deckers Outdoor Corp. will post $3.75 EPS for the current fiscal year.
A number of other firms have also recently commented on DECK. Analysts at Canaccord Genuity upgraded shares of Deckers Outdoor Corp. (NASDAQ:DECK) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $80.00 price target on the stock, up previously from $55.00. Separately, analysts at Ned Davis Research upgraded shares of Deckers Outdoor Corp. (NASDAQ:DECK) from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Finally, analysts at Wedbush upgraded shares of Deckers Outdoor Corp. (NASDAQ:DECK) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, September 26th. They now have a $74.00 price target on the stock, up previously from $54.00. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Deckers Outdoor Corp. has a consensus rating of “Hold” and an average target price of $60.64.
Deckers Outdoor Corporation designs footwear developed for both high performance outdoor activities and everyday casual lifestyle use.
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