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Deckers Outdoor Corp (NASDAQ:DECK) was downgraded by stock analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $92.00 target price on the stock, down from their previous target price of $95.00. Macquarie’s target price indicates a potential upside of 6.57% from the company’s current price. The analysts noted that the move was a valuation call.

Shares of Deckers Outdoor Corp (NASDAQ:DECK) opened at 86.33 on Tuesday. Deckers Outdoor Corp has a one year low of $50.27 and a one year high of $90.09. The stock has a 50-day moving average of $80. and a 200-day moving average of $79.92. The company has a market cap of $2.989 billion and a P/E ratio of 21.19.

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 $4.69 EPS for the current fiscal year.

DECK has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. initiated coverage on shares of Deckers Outdoor Corp in a research note on Friday, June 20th. They set an “outperform” rating and a $98.00 price target on the stock. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of Deckers Outdoor Corp in a research note on Friday, June 20th. They set an “outperform” rating and a $98.00 price target on the stock. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $91.07.

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities.

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