Janney Montgomery Scott Reiterates “Buy” Rating for Deckers Outdoor Corp. (DECK)
Deckers Outdoor Corp. (NASDAQ:DECK)‘s stock had its “buy” rating restated by investment analysts at Janney Montgomery Scott in a note issued to investors on Monday, Stock Ratings Network reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee reiterated a “buy” rating on shares of Deckers Outdoor Corp. in a research note to investors on Monday. They now have a $110.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Deckers Outdoor Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Finally, 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, December 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. Deckers Outdoor Corp. currently has an average rating of “Hold” and an average price target of $71.71.
Shares of Deckers Outdoor Corp. (NASDAQ:DECK) traded up 2.64% on Monday, hitting $87.99. The stock had a trading volume of 1,870,455 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 $3.039 billion and a price-to-earnings ratio of 29.10.
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 $3.90 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.
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