Deckers Outdoor Corp. Price Target Increased to $68.00 by Analysts at Telsey Advisory Group (DECK)
Telsey Advisory Group increased their price objective on shares of Deckers Outdoor Corp. (NASDAQ:DECK) from $63.00 to $68.00 in a research note issued on Friday, StockRatingsNetwork reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 13.39% from the company’s current price.
In other Deckers Outdoor Corp. news, Insider Peter Worley sold 1,270 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $61.58, for a total transaction of $78,206.60. Following the completion of the sale, the insider now directly owns 87,090 shares in the company, valued at approximately $5,363,002. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of other firms have also recently commented on DECK. Analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Deckers Outdoor Corp. in a research note to investors on Thursday. Separately, analysts at Thomson Reuters/Verus upgraded shares of Deckers Outdoor Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday. Finally, analysts at Credit Suisse reiterated an “underperform” rating on shares of Deckers Outdoor Corp. in a research note to investors on Thursday, October 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $63.31.
Shares of Deckers Outdoor Corp. (NASDAQ:DECK) opened at 59.968 on Friday. Deckers Outdoor Corp. has a 52-week low of $28.53 and a 52-week high of $68.84. The stock has a 50-day moving average of $61.97 and a 200-day moving average of $56.94. The company has a market cap of $2.068 billion and a P/E ratio of 18.83.
Deckers Outdoor Corp. (NASDAQ:DECK) last announced its 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 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 $3.77 EPS for the current fiscal year.
Deckers Outdoor Corporation designs footwear developed for both high performance outdoor activities and everyday casual lifestyle use.
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