Deckers Outdoor Corporation (NYSE:DECK) had its price objective hoisted by research analysts at Morgan Stanley from $59.00 to $61.00 in a research note issued to investors on Monday. The firm presently has an “equal weight” rating on the textile maker’s stock. Morgan Stanley’s price objective would indicate a potential downside of 4.84% from the stock’s current price.

A number of other research firms have also weighed in on DECK. Zacks Investment Research upgraded shares of Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a research note on Monday, April 10th. Stifel Nicolaus lifted their price objective on shares of Deckers Outdoor Corporation from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, May 26th. Buckingham Research lowered shares of Deckers Outdoor Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 7th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $60.00 price objective (up from $50.00) on shares of Deckers Outdoor Corporation in a research note on Monday, May 1st. Finally, B. Riley reiterated a “neutral” rating and issued a $68.00 price objective on shares of Deckers Outdoor Corporation in a research note on Thursday, June 1st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $67.00.

Shares of Deckers Outdoor Corporation (DECK) traded up 1.33% during midday trading on Monday, reaching $64.95. The company had a trading volume of 287,076 shares. The company has a 50 day moving average price of $66.63 and a 200-day moving average price of $60.10. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $72.72. The firm has a market capitalization of $2.08 billion, a P/E ratio of 93.32 and a beta of 1.27.

Deckers Outdoor Corporation (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, topping analysts’ consensus estimates of ($1.67) by $0.39. The company had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $178.36 million. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. Deckers Outdoor Corporation’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.80) EPS. On average, analysts anticipate that Deckers Outdoor Corporation will post $4.07 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its position in shares of Deckers Outdoor Corporation by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 18,874 shares of the textile maker’s stock valued at $1,127,000 after buying an additional 739 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Deckers Outdoor Corporation by 43.2% in the first quarter. Canada Pension Plan Investment Board now owns 44,085 shares of the textile maker’s stock valued at $2,633,000 after buying an additional 13,300 shares during the period. Wells Fargo & Company MN raised its position in shares of Deckers Outdoor Corporation by 20.4% in the first quarter. Wells Fargo & Company MN now owns 86,301 shares of the textile maker’s stock valued at $5,155,000 after buying an additional 14,630 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Deckers Outdoor Corporation by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,271 shares of the textile maker’s stock valued at $673,000 after buying an additional 200 shares during the period. Finally, First Midwest Bank Trust Division raised its position in shares of Deckers Outdoor Corporation by 2.6% in the first quarter. First Midwest Bank Trust Division now owns 17,747 shares of the textile maker’s stock valued at $1,060,000 after buying an additional 453 shares during the period.

Deckers Outdoor Corporation 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.

Analyst Recommendations for Deckers Outdoor Corporation (NYSE:DECK)

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