Equities research analysts at Pivotal Research initiated coverage on shares of Deckers Outdoor Corporation (NYSE:DECK) in a note issued to investors on Thursday. The brokerage set a “buy” rating and a $80.00 price target on the textile maker’s stock. Pivotal Research’s target price indicates a potential upside of 13.93% from the stock’s previous close.

Several other research analysts have also commented on the stock. BidaskClub upgraded shares of Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. ValuEngine lowered shares of Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Susquehanna Bancshares Inc restated a “neutral” rating and set a $57.00 price target (down previously from $60.00) on shares of Deckers Outdoor Corporation in a research note on Monday, July 24th. Piper Jaffray Companies set a $66.00 price target on shares of Deckers Outdoor Corporation and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, Canaccord Genuity set a $76.00 price target on shares of Deckers Outdoor Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $67.29.

Shares of Deckers Outdoor Corporation (NYSE:DECK) traded up 1.44% during mid-day trading on Thursday, hitting $70.22. 1,050,851 shares of the stock traded hands. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $72.72. The stock has a 50-day moving average of $64.45 and a 200-day moving average of $63.26. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 100.89 and a beta of 1.34.

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

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Institutional investors have recently modified their holdings of the business. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of Deckers Outdoor Corporation by 0.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 5,529 shares of the textile maker’s stock worth $318,000 after acquiring an additional 25 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Deckers Outdoor Corporation by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 13,892 shares of the textile maker’s stock worth $948,000 after acquiring an additional 77 shares during the period. Advantus Capital Management Inc lifted its holdings in shares of Deckers Outdoor Corporation by 2.6% during the 1st quarter. Advantus Capital Management Inc now owns 4,089 shares of the textile maker’s stock worth $244,000 after acquiring an additional 102 shares during the period. Mason Street Advisors LLC lifted its holdings in shares of Deckers Outdoor Corporation by 0.7% during the 1st quarter. Mason Street Advisors LLC now owns 15,087 shares of the textile maker’s stock worth $901,000 after acquiring an additional 112 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in shares of Deckers Outdoor Corporation by 2.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,300 shares of the textile maker’s stock worth $567,000 after acquiring an additional 200 shares during the period. 99.57% of the stock is owned by hedge funds and other institutional investors.

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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