Deckers Outdoor Corp Receives Consensus Rating of “Buy” from Analysts (NASDAQ:DECK)
Shares of Deckers Outdoor Corp (NASDAQ:DECK) have earned an average rating of “Buy” from the twenty-one brokerages that are covering the stock, Analyst Ratings Net reports. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $97.94.
DECK has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Deckers Outdoor Corp in a research note on Tuesday, July 29th. They now have a $95.00 price target on the stock. Separately, analysts at Wedbush raised their price target on shares of Deckers Outdoor Corp from $94.00 to $98.00 in a research note on Monday, July 28th. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Deckers Outdoor Corp in a research note on Friday, July 25th. They now have a $94.00 price target on the stock, up previously from $82.00.
Shares of Deckers Outdoor Corp (NASDAQ:DECK) opened at 92.64 on Friday. Deckers Outdoor Corp has a one year low of $56.00 and a one year high of $94.80. The stock’s 50-day moving average is $85.74 and its 200-day moving average is $80.47. The company has a market cap of $3.208 billion and a P/E ratio of 22.73.
Deckers Outdoor Corp (NASDAQ:DECK) last announced its earnings results on Thursday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.85) earnings per share. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. Analysts expect that Deckers Outdoor Corp will post $4.75 EPS for the current fiscal year.
In other Deckers Outdoor Corp news, Insider Constance Rishwain sold 6,000 shares of the stock on the open market in a transaction dated Friday, July 25th. The stock was sold at an average price of $92.48, for a total transaction of $554,880.00. The sale was disclosed in a filing with the SEC, which is available at this link.
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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