Deckers Outdoor Corp Receives Average Rating of “Buy” from Brokerages (NASDAQ:DECK)
Shares of Deckers Outdoor Corp (NASDAQ:DECK) have been given an average recommendation of “Buy” by the twenty-one ratings firms that are currently covering the company, Analyst Ratings Network reports. Six analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings 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 94.70 on Friday. Deckers Outdoor Corp has a 1-year low of $56.00 and a 1-year high of $95.00. The stock’s 50-day moving average is $86.6 and its 200-day moving average is $80.74. The company has a market cap of $3.279 billion and a price-to-earnings ratio of 22.94.
Deckers Outdoor Corp (NASDAQ:DECK) last posted its quarterly 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 $4.75 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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