Deckers Outdoor Corp. Target of Unusually High Options Trading (DECK)
Deckers Outdoor Corp. (NASDAQ:DECK) was the recipient of unusually large options trading on Friday. Traders acquired 13,235 put options on the stock, StockRatingsNetwork reports. This is an increase of 236% compared to the typical volume of 3,942 put options.
A number of research firms have recently commented on DECK. Analysts at Susquehanna raised their price target on shares of Deckers Outdoor Corp. from $53.00 to $60.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. Deckers Outdoor Corp. currently has an average rating of “Hold” and a consensus target price of $66.87.
Shares of Deckers Outdoor Corp. (NASDAQ:DECK) opened at 69.99 on Monday. 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 $2.414 billion and a P/E ratio of 23.76.
Deckers Outdoor Corp. (NASDAQ:DECK) last announced its 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. 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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