Deckers Outdoor Corp Price Target Raised to $106.00 at B. Riley (DECK)
B. Riley hoisted their price objective on shares of Deckers Outdoor Corp (NASDAQ:DECK) from $102.00 to $106.00 in a research note issued on Friday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target indicates a potential upside of 34.98% from the stock’s previous close.
Shares of Deckers Outdoor Corp (NASDAQ:DECK) opened at 78.53 on Friday. Deckers Outdoor Corp has a one year low of $46.59 and a one year high of $90.09. The stock’s 50-day moving average is $77.28 and its 200-day moving average is $77.11. The company has a market cap of $2.719 billion and a P/E ratio of 18.79.
Deckers Outdoor Corp (NASDAQ:DECK) last issued its quarterly earnings data on Thursday, April 24th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. 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 Telsey Advisory Group raised their price target on shares of Deckers Outdoor Corp from $88.00 to $92.00 in a research note on Friday. They now have a “not rated” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. Deckers Outdoor Corp currently has an average rating of “Buy” and a consensus 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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