Susquehanna Bancshares Inc Reaffirms “Neutral” Rating for Deckers Outdoor Corporation (DECK)
Deckers Outdoor Corporation (NYSE:DECK)‘s stock had its “neutral” rating reiterated by analysts at Susquehanna Bancshares Inc in a research note issued to investors on Thursday. They currently have a $57.00 price target on the textile maker’s stock. Susquehanna Bancshares Inc’s target price would indicate a potential downside of 8.76% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. B. Riley reiterated a “neutral” rating and issued a $68.00 price target on shares of Deckers Outdoor Corporation in a research report on Saturday, May 27th. BidaskClub upgraded shares of Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Buckingham Research cut shares of Deckers Outdoor Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 7th. Stifel Nicolaus boosted their price target on shares of Deckers Outdoor Corporation from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, May 26th. Finally, Canaccord Genuity boosted their price target on shares of Deckers Outdoor Corporation from $69.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $67.00.
Deckers Outdoor Corporation (DECK) traded down 3.36% during trading on Thursday, reaching $62.47. 345,878 shares of the company’s stock traded hands. The company has a 50-day moving average of $64.06 and a 200 day moving average of $62.00. The stock has a market capitalization of $2.00 billion, a P/E ratio of 89.76 and a beta of 1.23. Deckers Outdoor Corporation has a 12 month low of $44.00 and a 12 month high of $72.72.
Deckers Outdoor Corporation (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, topping the consensus estimate of ($1.67) by $0.39. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. The firm had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $178.36 million. During the same period in the previous year, the business earned ($1.80) earnings per share. Deckers Outdoor Corporation’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, equities research analysts expect that Deckers Outdoor Corporation will post $4.08 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently modified their holdings of DECK. BlackRock Inc. increased its holdings in shares of Deckers Outdoor Corporation by 16,546.5% in the 1st quarter. BlackRock Inc. now owns 3,303,169 shares of the textile maker’s stock valued at $197,298,000 after purchasing an additional 3,283,326 shares during the period. Wellington Management Group LLP bought a new stake in shares of Deckers Outdoor Corporation in the 1st quarter valued at approximately $56,825,000. Bank of New York Mellon Corp grew its stake in shares of Deckers Outdoor Corporation by 101.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,636,248 shares of the textile maker’s stock valued at $97,438,000 after buying an additional 822,494 shares in the last quarter. Scopus Asset Management L.P. grew its stake in shares of Deckers Outdoor Corporation by 279.9% in the 1st quarter. Scopus Asset Management L.P. now owns 850,000 shares of the textile maker’s stock valued at $50,771,000 after buying an additional 626,259 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Deckers Outdoor Corporation by 35.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,371,317 shares of the textile maker’s stock valued at $141,639,000 after buying an additional 624,955 shares in the last quarter. Institutional investors own 99.57% of the company’s stock.
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.
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