Deckers Outdoor Corp. PT Raised to $50.00 (DECK)
Research analysts at Credit Suisse raised their price target on shares of Deckers Outdoor Corp. (NASDAQ:DECK) to $50.00 in a report released on Friday, Analyst RN reports. The firm currently has an “underperform” rating on the stock. Credit Suisse’s price objective suggests a potential downside of 28.56% from the company’s current price.
Shares of Deckers Outdoor Corp. (NASDAQ:DECK) traded up 20.46% on Friday, hitting $69.99. The stock had a trading volume of 7,862,300 shares. Deckers Outdoor Corp. has a 52 week low of $28.53 and a 52 week 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 $2.414 billion and a P/E ratio of 18.25. Deckers Outdoor Corp. also was the target of unusually large options trading activity on Thursday. Stock investors acquired 30,493 call options on the company. This represents an increase of approximately 475% compared to the typical volume of 5,307 call options.
Deckers Outdoor Corp. (NASDAQ:DECK) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.18 earnings per share. Deckers Outdoor Corp.’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that Deckers Outdoor Corp. will post $3.77 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on DECK. 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. Separately, 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. Finally, analysts at Telsey Advisory Group raised their price target on shares of Deckers Outdoor Corp. from $63.00 to $68.00 in a research note to investors on Friday, October 18th. They now have a “not rated” rating on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $63.20.
Deckers Outdoor Corporation designs footwear developed for both high performance outdoor activities and everyday casual lifestyle use.
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