Deckers Outdoor Corp (DECK) Given Consensus Recommendation of “Hold” by Analysts

Deckers Outdoor Corp (NYSE:DECK) has been given a consensus rating of “Hold” by the eighteen analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $87.85.

Several brokerages have commented on DECK. ValuEngine upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus increased their target price on Deckers Outdoor from $93.00 to $107.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Canaccord Genuity reiterated a “buy” rating and set a $100.00 target price (up from $78.00) on shares of Deckers Outdoor in a research note on Monday, January 29th. Wedbush reiterated a “neutral” rating and set a $72.00 target price (up from $64.00) on shares of Deckers Outdoor in a research note on Tuesday, December 19th. They noted that the move was a valuation call. Finally, Morgan Stanley increased their target price on Deckers Outdoor from $64.50 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 31st.

Deckers Outdoor (NYSE DECK) opened at $94.32 on Wednesday. Deckers Outdoor has a 52-week low of $51.23 and a 52-week high of $98.62. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.16 and a current ratio of 3.25. The firm has a market capitalization of $2,986.66, a P/E ratio of 17.61, a P/E/G ratio of 1.50 and a beta of 1.32.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, February 1st. The textile maker reported $4.97 EPS for the quarter, beating the consensus estimate of $3.84 by $1.13. Deckers Outdoor had a return on equity of 17.72% and a net margin of 4.17%. The business had revenue of $810.50 million for the quarter, compared to the consensus estimate of $748.38 million. During the same period last year, the business posted $4.11 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. equities analysts forecast that Deckers Outdoor will post 5.43 earnings per share for the current year.

Deckers Outdoor declared that its board has initiated a share buyback program on Thursday, October 26th that permits the company to repurchase $335.00 million in outstanding shares. This repurchase authorization permits the textile maker to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

In other news, CEO David Powers sold 2,500 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $95.51, for a total value of $238,775.00. Following the transaction, the chief executive officer now directly owns 92,583 shares in the company, valued at approximately $8,842,602.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Thomas George sold 7,500 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $94.97, for a total value of $712,275.00. Following the completion of the transaction, the chief financial officer now owns 41,493 shares in the company, valued at $3,940,590.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,168 shares of company stock worth $1,341,189. Company insiders own 1.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in DECK. First Interstate Bank lifted its position in Deckers Outdoor by 409.4% during the fourth quarter. First Interstate Bank now owns 1,406 shares of the textile maker’s stock valued at $113,000 after purchasing an additional 1,130 shares in the last quarter. Flinton Capital Management LLC lifted its position in Deckers Outdoor by 74.2% during the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 736 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Deckers Outdoor during the fourth quarter valued at $164,000. Contravisory Investment Management Inc. lifted its position in Deckers Outdoor by 21,160.0% during 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 in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Deckers Outdoor by 91.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock valued at $175,000 after purchasing an additional 1,213 shares in the last quarter. Hedge funds and other institutional investors own 99.56% of the company’s stock.

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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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