Deckers Outdoor Corporation (NYSE:DECK) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

DECK has been the topic of several other research reports. Buckingham Research cut Deckers Outdoor Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 7th. Piper Jaffray Companies reissued a “hold” rating and set a $66.00 price objective on shares of Deckers Outdoor Corporation in a research note on Friday. ValuEngine lowered Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Stifel Nicolaus set a $74.00 target price on Deckers Outdoor Corporation and gave the stock a “buy” rating in a report on Sunday, July 30th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $67.00.

Deckers Outdoor Corporation (NYSE:DECK) traded down 0.30% during trading on Tuesday, hitting $68.79. The stock had a trading volume of 317,533 shares. The stock has a market cap of $2.20 billion, a PE ratio of 98.84 and a beta of 1.33. Deckers Outdoor Corporation has a 1-year low of $44.00 and a 1-year high of $72.72. The firm’s 50-day moving average price is $64.31 and its 200-day moving average price is $63.22.

Deckers Outdoor Corporation (NYSE:DECK) last issued its earnings results on Thursday, July 27th. The textile maker reported ($1.28) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.67) by $0.39. The firm had revenue of $209.70 million during 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%. The firm’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period last year, the firm posted ($1.80) earnings per share. On average, equities research analysts predict that Deckers Outdoor Corporation will post $4.08 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Deckers Outdoor Corporation by 16,546.5% during the 1st quarter. BlackRock Inc. now owns 3,303,169 shares of the textile maker’s stock valued at $197,298,000 after acquiring an additional 3,283,326 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Deckers Outdoor Corporation in the first quarter worth $56,825,000. Scopus Asset Management L.P. raised its holdings in shares of Deckers Outdoor Corporation by 279.9% during the first quarter. Scopus Asset Management L.P. now owns 850,000 shares of the textile maker’s stock worth $50,771,000 after acquiring an additional 626,259 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Deckers Outdoor Corporation by 35.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,371,317 shares of the textile maker’s stock worth $141,639,000 after acquiring an additional 624,955 shares in the last quarter. Finally, Morgan Stanley raised its holdings in shares of Deckers Outdoor Corporation by 71.9% during the first quarter. Morgan Stanley now owns 497,757 shares of the textile maker’s stock worth $29,731,000 after acquiring an additional 208,219 shares in the last quarter. 99.57% of the stock is owned by institutional investors.

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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