Traders Buy Large Volume of Call Options on Deckers Outdoor Corp. (DECK)
Deckers Outdoor Corp. (NASDAQ:DECK) was the recipient of some unusual options trading on Thursday. Traders purchased 30,493 call options on the company, American Banking & Market News reports. This is an increase of 475% compared to the average daily volume of 5,307 call options.
A number of research firms have 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 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. Deckers Outdoor Corp. presently has a consensus rating of “Hold” and an average target price of $64.14.
Deckers Outdoor Corp. (NASDAQ:DECK) opened at 58.10 on Friday. Deckers Outdoor Corp. has a 52 week low of $28.53 and a 52 week high of $62.89. The stock has a 50-day moving average of $58. and a 200-day moving average of $54.52. The company has a market cap of $2.004 billion and a price-to-earnings ratio of 18.25.
Deckers Outdoor Corp. (NASDAQ:DECK) last issued its quarterly earnings data 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.
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.