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Deckers Outdoor Corp (NASDAQ: DECK) was the recipient of a ratings changes during the seven days:

  • Deckers Outdoor Corp had its price target raised by analysts at Jefferies Group from $75.00 to $78.00. They now have a “hold” rating on the stock.
  • Deckers Outdoor Corp had its price target raised by analysts at ISI Group from $80.00 to $95.00. They now have a “buy” rating on the stock.
  • Deckers Outdoor Corp had its price target raised by analysts at Susquehanna from $92.00 to $97.00. They now have a “positive” rating on the stock.
  • Deckers Outdoor Corp had its price target raised by analysts at B. Riley from $102.00 to $106.00. They now have a “buy” rating on the stock.
  • Deckers Outdoor Corp had its price target raised by analysts at Telsey Advisory Group from $88.00 to $92.00. They now have a “not rated” rating on the stock.
  • Deckers Outdoor Corp was upgraded by analysts at Credit Suisse from an “underperform” rating to a “neutral” rating. They now have a $82.00 price target on the stock, up previously from $61.00. They wrote, “Results were robust across geographies and channels, with the outlook for continued top-line and earnings growth; this suggests that recent (aggressive) investments in owned retail and international will ultimately generate higher returns than previously anticipated. When combined with a return to inventory discipline and a modest tailwind from the acquisition of Hoka One One, we now think that modest topline growth and double-digit earnings growth can be sustained. In short, our caution regarding SG&A investment was misplaced and we got this one wrong. “We now believe that DECK shares warrant a multiple inline with footwear peers (15x forward earnings) which suggests a 12-month target price of $82. We upgrade shares to Neutral.”

Shares of Deckers Outdoor Corp (NASDAQ:DECK) opened at 80.14 on Friday. Deckers Outdoor Corp has a 1-year low of $46.59 and a 1-year high of $90.09. The stock has a 50-day moving average of $77.92 and a 200-day moving average of $77.80. The company has a market cap of $2.774 billion and a price-to-earnings ratio of 18.89.

Deckers Outdoor Corporation designs footwear developed for both high performance outdoor activities and everyday casual lifestyle use.

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