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Equities researchers at Citigroup Inc. assumed coverage on shares of Deckers Outdoor Corp (NASDAQ:DECK) in a research report issued on Monday. The firm set a “buy” rating on the stock.

Shares of Deckers Outdoor Corp (NASDAQ:DECK) opened at 79.17 on Monday. Deckers Outdoor Corp has a 52-week low of $46.59 and a 52-week high of $90.09. The stock’s 50-day moving average is $79.14 and its 200-day moving average is $79.23. The company has a market cap of $2.741 billion and a price-to-earnings ratio of 19.29.

Deckers Outdoor Corp (NASDAQ:DECK) last released its earnings data on Thursday, April 24th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that Deckers Outdoor Corp will post $4.70 EPS for the current fiscal year.

DECK has been the subject of a number of other recent research reports. Analysts at Ned Davis Research upgraded shares of Deckers Outdoor Corp from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Deckers Outdoor Corp in a research note on Friday, May 9th. They now have a $81.00 price target on the stock. Finally, analysts at Macquarie initiated coverage on shares of Deckers Outdoor Corp in a research note on Friday, May 9th. They set an “outperform” rating and a $95.00 price target on the stock. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $90.23.

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

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