Deckers Outdoor Corp. Rating Increased to Buy at Ned Davis Research (DECK)
Deckers Outdoor Corp. (NASDAQ:DECK) was upgraded by research analysts at Ned Davis Research from a “neutral” rating to a “buy” rating in a report released on Monday, AnalystRatingsNetwork reports.
A number of other analysts have also recently weighed in on DECK. Analysts at Sterne Agee raised their price target on shares of Deckers Outdoor Corp. from $88.00 to $110.00 in a research note to investors on Wednesday, December 4th. They now have a “buy” rating on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Deckers Outdoor Corp. from $84.00 to $91.00 in a research note to investors on Wednesday, December 4th. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Deckers Outdoor Corp. in a research note to investors on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $73.00.
Deckers Outdoor Corp. (NASDAQ:DECK) traded up 1.74% during mid-day trading on Monday, hitting $87.225. The stock had a trading volume of 468,173 shares. Deckers Outdoor Corp. has a 52-week low of $35.70 and a 52-week high of $87.82. The stock’s 50-day moving average is $82.94 and its 200-day moving average is $65.31. The company has a market cap of $3.012 billion and a P/E ratio of 29.10.
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 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 $3.90 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.