Deckers Outdoor (NYSE:DECK) has been assigned a $85.00 price target by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Saturday. The firm presently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ price objective points to a potential upside of 11.87% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. FIG Partners reiterated a “buy” rating on shares of Deckers Outdoor in a report on Monday, October 16th. Robert W. Baird reiterated a “hold” rating and issued a $67.00 price objective on shares of Deckers Outdoor in a report on Friday, October 6th. BidaskClub downgraded Deckers Outdoor from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. UBS downgraded Deckers Outdoor to a “neutral” rating in a report on Monday, October 16th. Finally, Canaccord Genuity set a $76.00 price objective on Deckers Outdoor and gave the company a “buy” rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $70.15.
Shares of Deckers Outdoor (NYSE DECK) opened at $75.98 on Friday. Deckers Outdoor has a 1 year low of $44.00 and a 1 year high of $78.76. The company has a quick ratio of 1.26, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2,428.72, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.66 and a beta of 1.26.
Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, October 26th. The textile maker reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.52. Deckers Outdoor had a return on equity of 15.23% and a net margin of 1.80%. The company had revenue of $482.50 million for the quarter, compared to the consensus estimate of $440.11 million. During the same quarter in the previous year, the business earned $1.21 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. equities research analysts expect that Deckers Outdoor will post 4.27 EPS for the current fiscal year.
Deckers Outdoor declared that its board has approved a stock buyback program on Thursday, October 26th that authorizes the company to buyback $335.00 million in shares. This buyback authorization authorizes the textile maker to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DECK. Flinton Capital Management LLC grew its stake in Deckers Outdoor by 74.2% during the 2nd quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after purchasing an additional 736 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Deckers Outdoor by 75.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after purchasing an additional 831 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Deckers Outdoor by 91.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after purchasing an additional 1,213 shares in the last quarter. Parallax Volatility Advisers L.P. grew its stake in Deckers Outdoor by 401.9% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 2,654 shares of the textile maker’s stock worth $181,000 after purchasing an additional 3,533 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in Deckers Outdoor during the 3rd quarter worth $202,000. 99.57% of the stock is owned by hedge funds and other institutional investors.
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Deckers Outdoor 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.