Deckers Outdoor Corp Receives “Buy” Rating from B. Riley (DECK)
Deckers Outdoor Corp (NASDAQ:DECK)‘s stock had its “buy” rating restated by analysts at B. Riley in a research report issued to clients and investors on Tuesday. They currently have a $108.00 price objective on the stock, up from their previous price objective of $106.00. B. Riley’s price objective suggests a potential upside of 26.72% from the stock’s previous close.
A number of other firms have also recently commented on DECK. Analysts at Macquarie downgraded shares of Deckers Outdoor Corp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $92.00 price target on the stock, down previously from $95.00. They noted that the move was a valuation call. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Deckers Outdoor Corp currently has an average rating of “Buy” and an average target price of $95.12.
Shares of Deckers Outdoor Corp (NASDAQ:DECK) opened at 85.23 on Tuesday. Deckers Outdoor Corp has a 52-week low of $52.68 and a 52-week high of $90.09. The stock’s 50-day moving average is $82.98 and its 200-day moving average is $80.0. The company has a market cap of $2.951 billion and a price-to-earnings ratio of 20.92.
Deckers Outdoor Corp (NASDAQ:DECK) last announced its earnings results on Thursday, July 24th. The company reported ($1.07) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.28) by $0.21. The company had revenue of $211.50 million for the quarter, compared to the consensus estimate of $191.96 million. During the same quarter in the prior year, the company posted ($0.85) earnings per share. The company’s quarterly revenue was up 24.3% on a year-over-year basis. Analysts expect that Deckers Outdoor Corp will post $4.69 EPS for the current fiscal year.
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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