Susquehanna Increases Deckers Outdoor Corp. Price Target to $60.00 (DECK)
Susquehanna boosted their price objective on shares of Deckers Outdoor Corp. (NASDAQ:DECK) from $53.00 to $60.00 in a research note issued on Friday, AnalystRatings.NET reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price objective points to a potential downside of 14.27% from the stock’s previous close.
Shares of Deckers Outdoor Corp. (NASDAQ:DECK) traded up 20.46% during mid-day trading on Friday, hitting $69.99. 7,867,336 shares of the company’s stock traded hands. 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 price-to-earnings ratio of 18.25. Deckers Outdoor Corp. also was the target of some unusual options trading activity on Thursday. Stock investors bought 30,493 call options on the stock. This is an increase of approximately 475% compared to the average daily 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 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.18 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts expect that Deckers Outdoor Corp. will post $3.77 EPS for the current fiscal year.
DECK has been the subject of a number of other recent research reports. Analysts at Sterne Agee raised their price target on shares of Deckers Outdoor Corp. from $68.00 to $80.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Deckers Outdoor Corp. from $80.00 to $81.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at McLean Capital Management downgraded shares of Deckers Outdoor Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Friday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $64.75.
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.