Deckers Outdoor Corporation (NYSE:DECK) has received an average rating of “Hold” from the eighteen analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $65.18.

DECK has been the subject of several recent analyst reports. ValuEngine upgraded Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Jefferies Group LLC set a $68.00 price target on Deckers Outdoor Corporation and gave the stock a “buy” rating in a research note on Saturday, May 27th. Stifel Nicolaus boosted their price target on Deckers Outdoor Corporation from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, May 26th. Canaccord Genuity restated a “buy” rating and issued a $69.00 price target on shares of Deckers Outdoor Corporation in a research note on Tuesday, May 23rd. Finally, Zacks Investment Research upgraded Deckers Outdoor Corporation from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Thursday, June 1st.

Shares of Deckers Outdoor Corporation (NYSE DECK) opened at 63.80 on Friday. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 91.67 and a beta of 1.23. The company has a 50-day moving average price of $63.98 and a 200-day moving average price of $62.09. Deckers Outdoor Corporation has a 52-week low of $44.00 and a 52-week high of $72.72.

Deckers Outdoor Corporation (NYSE:DECK) last released its earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.67) by $0.39. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The business had revenue of $209.70 million for the quarter, compared to the consensus estimate of $178.36 million. During the same period in the previous year, the company posted ($1.80) earnings per share. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, equities analysts anticipate that Deckers Outdoor Corporation will post $4.08 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of DECK. Louisiana State Employees Retirement System lifted its holdings in Deckers Outdoor Corporation by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the textile maker’s stock valued at $484,000 after acquiring an additional 200 shares during the last quarter. Glen Harbor Capital Management LLC lifted its holdings in Deckers Outdoor Corporation by 6.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,736 shares of the textile maker’s stock valued at $104,000 after acquiring an additional 112 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in 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 acquiring an additional 200 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in 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 acquiring an additional 14,630 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in 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 acquiring an additional 13,300 shares during the last quarter. Institutional investors and hedge funds own 99.57% of the company’s stock.

About Deckers Outdoor Corporation

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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