Deckers Outdoor Corp (NYSE: DECK) recently received a number of ratings updates from brokerages and research firms:

  • 5/10/2017 – Deckers Outdoor Corp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Deckers have outpaced the industry in the past one month driven by the news that its board of directors has started a process to review a wide range of strategic alternatives, which include sale or other transaction. The company’s focus on expanding brand assortments, bringing more innovative line of products, targeting consumers digitally through marketing and sturdy eCommerce, along with optimizing omni-channel distribution bode well. However, analyst believes that the company’s over-reliance on the UGG brand is a matter of concern. In the event of stagnation or decline of UGG sales, Deckers’ overall results will be adversely affected. During third-quarter fiscal 2017, UGG brand net sales declined 5.3%. Further, the company also missed the top line for the second straight quarter, which compelled management to trim fiscal 2017 outlook. Of late estimates have been stable ahead of the fourth-quarter earnings release.”
  • 5/9/2017 – Deckers Outdoor Corp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. According to Zacks, “Shares of Deckers have outpaced the industry in the past one month driven by the news that its board of directors has started a process to review a wide range of strategic alternatives, which include sale or other transaction. The company’s focus on expanding brand assortments, bringing more innovative line of products, targeting consumers digitally through marketing and sturdy eCommerce, along with optimizing omni-channel distribution bode well. However, analyst believes that the company’s over-reliance on the UGG brand is a matter of concern. In the event of stagnation or decline of UGG sales, Deckers’ overall results will be adversely affected. During third-quarter fiscal 2017, UGG brand net sales declined 5.3%. Further, the company also missed the top line for the second straight quarter, which compelled management to trim fiscal 2017 outlook. Of late estimates have been stable ahead of the fourth-quarter earnings release.”
  • 5/1/2017 – Deckers Outdoor Corp had its “neutral” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $60.00 price target on the stock, up previously from $50.00.
  • 4/26/2017 – Deckers Outdoor Corp had its price target raised by analysts at Stifel Nicolaus from $64.00 to $70.00. They now have a “buy” rating on the stock.
  • 4/26/2017 – Deckers Outdoor Corp had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $60.00 price target on the stock.
  • 4/11/2017 – Deckers Outdoor Corp is now covered by analysts at Wedbush. They set a “neutral” rating and a $52.00 price target on the stock.
  • 4/10/2017 – Deckers Outdoor Corp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Deckers has been hit hard in the recent months and has also underperformed the industry. The stock further came under pressure following its disappointing third-quarter fiscal 2017 results. After witnessing six straight quarters of earnings beat, Deckers succumbed to a negative earnings surprise in the quarter under review. Top line also struggled and fell short of the estimate for the second quarter in row. The dismal performance compelled management to provide bleak sales and earnings outlook. Analysts pointed that tough retail landscape, soft start to holiday season, and sluggish sale of UGG boots and shoes hurt the company's results. Nevertheless, Deckers is focused on expanding its brand assortments, bringing more innovative line of products, targeting consumers via marketing and sturdy eCommerce, optimizing omni-channel distribution and containing costs. Of late estimates have been stable ahead of the fourth quarter earnings release.”
  • 4/3/2017 – Deckers Outdoor Corp had its price target raised by analysts at Citigroup Inc from $49.00 to $61.00. They now have a “neutral” rating on the stock.
  • 4/2/2017 – Deckers Outdoor Corp had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $60.00 price target on the stock.

Shares of Deckers Outdoor Corp (NYSE:DECK) traded down 0.69% on Thursday, reaching $60.38. 583,478 shares of the company were exchanged. The stock’s market capitalization is $1.93 billion. Deckers Outdoor Corp has a 52 week low of $44.00 and a 52 week high of $69.94. The firm’s 50 day moving average price is $58.00 and its 200 day moving average price is $56.67.

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.

5 Day Chart for NYSE:DECK

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