Deckers Outdoor Corp Price Target Increased to $92.00 by Analysts at Telsey Advisory Group (DECK)
Telsey Advisory Group upped their price objective on shares of Deckers Outdoor Corp (NASDAQ:DECK) from $88.00 to $92.00 in a research note issued on Friday, AnalystRatings.NET reports. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 17.15% from the stock’s previous close.
Shares of Deckers Outdoor Corp (NASDAQ:DECK) opened at 78.53 on Friday. Deckers Outdoor Corp has a 52-week low of $46.59 and a 52-week high of $90.09. The stock has a 50-day moving average of $77.28 and a 200-day moving average of $77.11. The company has a market cap of $2.719 billion and a price-to-earnings ratio of 18.79.
Deckers Outdoor Corp (NASDAQ:DECK) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.08) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.15) by $0.07. The company had revenue of $294.70 million for the quarter, compared to the consensus estimate of $282.13 million. During the same quarter last year, the company posted $0.03 earnings per share. Deckers Outdoor Corp’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Deckers Outdoor Corp will post $4.02 earnings per share for the current fiscal year.
A number of other firms have also recently commented on DECK. Analysts at Susquehanna raised their price target on shares of Deckers Outdoor Corp from $92.00 to $97.00 in a research note on Friday. They now have a “positive” rating on the stock. Separately, analysts at ISI Group raised their price target on shares of Deckers Outdoor Corp from $80.00 to $95.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Buckingham Research upgraded shares of Deckers Outdoor Corp in a research note on Thursday, April 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $86.25.
Deckers Outdoor Corporation designs footwear developed for both high performance outdoor activities and everyday casual lifestyle use.
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