Deckers Outdoor Corp. Stock Rating Reaffirmed by Jefferies Group (DECK)
Deckers Outdoor Corp. (NASDAQ:DECK)‘s stock had its “buy” rating restated by research analysts at Jefferies Group in a report released on Thursday, American Banking News reports. They currently have a $100.00 target price on the stock. Jefferies Group’s price objective points to a potential upside of 48.35% from the company’s current price.
Deckers Outdoor Corp. (NASDAQ:DECK) opened at 67.41 on Thursday. Deckers Outdoor Corp. has a 52-week low of $28.53 and a 52-week high of $68.18. The stock’s 50-day moving average is $60.62 and its 200-day moving average is $56.12. The company has a market cap of $2.325 billion and a P/E ratio of 21.17.
Deckers Outdoor Corp. (NASDAQ:DECK) last posted its quarterly earnings results on Thursday, July 25th. The company reported ($0.85) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.53) earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts expect that Deckers Outdoor Corp. will post $3.76 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital raised their price target on shares of Deckers Outdoor Corp. (NASDAQ:DECK) from $65.00 to $70.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $60.64.
Deckers Outdoor Corporation designs footwear developed for both high performance outdoor activities and everyday casual lifestyle use.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.