Shares of Deckers Outdoor Corporation (NYSE:DECK) have received a consensus rating of “Hold” from the nineteen analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $71.50.

DECK has been the subject of several research analyst reports. UBS Group downgraded shares of Deckers Outdoor to a “neutral” rating in a research report on Monday, October 16th. Jefferies Group set a $82.00 price target on shares of Deckers Outdoor and gave the stock a “buy” rating in a report on Sunday, October 29th. Stifel Nicolaus reiterated a “buy” rating and set a $93.00 price target (up from $85.00) on shares of Deckers Outdoor in a report on Wednesday. Buckingham Research set a $68.00 price target on shares of Deckers Outdoor and gave the stock a “hold” rating in a report on Friday, October 27th. Finally, Telsey Advisory Group upped their price target on shares of Deckers Outdoor from $72.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, October 27th.

Deckers Outdoor (DECK) opened at $85.39 on Friday. Deckers Outdoor has a 1 year low of $44.00 and a 1 year high of $85.74. The company has a market cap of $2,669.74, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 1.76 and a beta of 1.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.26 and a current ratio of 2.43.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 EPS for the quarter, beating the consensus estimate of $1.02 by $0.52. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. The business had revenue of $482.50 million during the quarter, compared to the consensus estimate of $440.11 million. During the same period in the previous year, the business earned $1.21 earnings per share. The company’s revenue was down .7% on a year-over-year basis. equities research analysts anticipate that Deckers Outdoor will post 4.37 EPS for the current year.

Deckers Outdoor declared that its Board of Directors has initiated a stock repurchase program on Thursday, October 26th that authorizes the company to buyback $335.00 million in shares. This buyback authorization authorizes the textile maker to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Contravisory Investment Management Inc. increased its holdings in Deckers Outdoor by 21,160.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 2,126 shares of the textile maker’s stock valued at $171,000 after purchasing an additional 2,116 shares during the period. Acadian Asset Management LLC increased its holdings in Deckers Outdoor by 12,012.9% in the fourth quarter. Acadian Asset Management LLC now owns 12,234 shares of the textile maker’s stock valued at $981,000 after purchasing an additional 12,133 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Deckers Outdoor by 10.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 314,647 shares of the textile maker’s stock valued at $25,251,000 after purchasing an additional 30,475 shares during the period. Convergence Investment Partners LLC increased its holdings in Deckers Outdoor by 111.1% in the fourth quarter. Convergence Investment Partners LLC now owns 36,417 shares of the textile maker’s stock valued at $2,922,000 after purchasing an additional 19,162 shares during the period. Finally, Sterling Capital Management LLC increased its holdings in Deckers Outdoor by 4.3% in the third quarter. Sterling Capital Management LLC now owns 444,139 shares of the textile maker’s stock valued at $30,384,000 after purchasing an additional 18,269 shares during the period.

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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.

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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