Deckers Outdoor Corp (DECK) Given Neutral Rating at B. Riley
Deckers Outdoor Corp (NYSE:DECK)‘s stock had its “neutral” rating restated by equities research analysts at B. Riley in a report issued on Saturday. They currently have a $68.00 target price on the textile maker’s stock. B. Riley’s price objective indicates a potential upside of 1.18% from the company’s previous close.
Several other analysts also recently commented on DECK. Jefferies Group LLC set a $68.00 target price on shares of Deckers Outdoor Corp and gave the company a “buy” rating in a report on Saturday. Stifel Nicolaus raised their price objective on shares of Deckers Outdoor Corp from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday. Telsey Advisory Group increased their target price on shares of Deckers Outdoor Corp from $66.00 to $68.00 and gave the stock an “outperform” rating in a research report on Friday. Canaccord Genuity reiterated a “buy” rating and set a $69.00 target price on shares of Deckers Outdoor Corp in a research report on Tuesday. Finally, Zacks Investment Research lowered shares of Deckers Outdoor Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Deckers Outdoor Corp currently has an average rating of “Hold” and a consensus target price of $63.27.
Shares of Deckers Outdoor Corp (NYSE:DECK) traded up 18.81% during trading on Friday, hitting $67.21. 6,835,495 shares of the stock were exchanged. The stock has a market cap of $2.15 billion, a P/E ratio of 377.58 and a beta of 0.88. The firm’s 50 day moving average price is $58.88 and its 200-day moving average price is $57.27. Deckers Outdoor Corp has a 52 week low of $44.00 and a 52 week high of $69.94. Deckers Outdoor Corp also was the target of unusually large options trading activity on Thursday. Stock investors purchased 14,974 put options on the stock. This is an increase of 1,478% compared to the typical daily volume of 949 put options.
Deckers Outdoor Corp (NYSE:DECK) last released its quarterly earnings data on Thursday, May 25th. The textile maker reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.17. Deckers Outdoor Corp had a negative net margin of 0.13% and a positive return on equity of 12.45%. The firm had revenue of $369.47 million for the quarter, compared to analyst estimates of $357.71 million. During the same period last year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, analysts predict that Deckers Outdoor Corp will post $3.79 EPS for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Lenox Wealth Advisors purchased a new position in shares of Deckers Outdoor Corp during the fourth quarter valued at approximately $0. CIBC Asset Management Inc increased its position in shares of Deckers Outdoor Corp by 0.4% in the third quarter. CIBC Asset Management Inc now owns 5,204 shares of the textile maker’s stock valued at $310,000 after buying an additional 20 shares during the last quarter. Sei Investments Co. increased its position in shares of Deckers Outdoor Corp by 0.4% in the third quarter. Sei Investments Co. now owns 8,082 shares of the textile maker’s stock valued at $481,000 after buying an additional 31 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of Deckers Outdoor Corp by 0.7% in the fourth quarter. First Republic Investment Management Inc. now owns 7,222 shares of the textile maker’s stock valued at $400,000 after buying an additional 49 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of Deckers Outdoor Corp by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,288 shares of the textile maker’s stock valued at $126,000 after buying an additional 55 shares during the last quarter.
Deckers Outdoor Corp Company Profile
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.
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