Deckers Outdoor Corp. Downgraded to “Neutral” at McLean Capital Management (DECK)
Deckers Outdoor Corp. (NASDAQ:DECK) was downgraded by stock analysts at McLean Capital Management from a “buy” rating to a “neutral” rating in a report issued on Friday, Analyst Ratings Network reports.
DECK has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of Deckers Outdoor Corp. to $50.00 in a research note to investors on Friday. They now have an “underperform” rating on the stock. Separately, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of Deckers Outdoor Corp. in a research note to investors on Friday. They now have a $75.00 price target on the stock. Finally, analysts at Ned Davis Research downgraded shares of Deckers Outdoor Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $63.20.
Deckers Outdoor Corp. (NASDAQ:DECK) traded up 19.67% on Friday, hitting $69.53. 6,889,432 shares of the company’s stock traded hands. Deckers Outdoor Corp. has a 1-year low of $28.53 and a 1-year high of $62.89. The stock’s 50-day moving average is $58. and its 200-day moving average is $54.52. The company has a market cap of $2.398 billion and a price-to-earnings ratio of 18.25. Deckers Outdoor Corp. also was the recipient of unusually large options trading activity on Thursday. Traders acquired 30,493 call options on the company. This is an increase of approximately 475% compared to the average volume of 5,307 call options.
Deckers Outdoor Corp. (NASDAQ:DECK) last announced its earnings results on Thursday, October 24th. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.24. The company had revenue of $386.70 million for the quarter, compared to the consensus estimate of $386.05 million. During the same quarter in the prior year, the company posted $1.18 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that Deckers Outdoor Corp. will post $3.77 earnings per share 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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