Deckers Outdoor (NYSE:DECK) Shares Up 7.2%

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Deckers Outdoor Corp (NYSE:DECK) shot up 7.2% during trading on Friday . The stock traded as high as $156.53 and last traded at $154.08, 614,493 shares changed hands during trading. An increase of 15% from the average session volume of 532,985 shares. The stock had previously closed at $143.73.

Several brokerages have recently commented on DECK. Wedbush boosted their price objective on Deckers Outdoor from $138.00 to $148.00 and gave the stock a “neutral” rating in a report on Wednesday, July 17th. They noted that the move was a valuation call. Robert W. Baird set a $180.00 price objective on Deckers Outdoor and gave the stock a “hold” rating in a report on Friday, July 26th. Stifel Nicolaus raised Deckers Outdoor from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $166.00 to $170.00 in a report on Friday. Bank of America restated a “buy” rating and issued a $200.00 target price (up previously from $180.00) on shares of Deckers Outdoor in a research report on Friday, July 26th. Finally, Citigroup set a $180.00 target price on Deckers Outdoor and gave the stock a “hold” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $163.80.

The stock has a 50-day moving average of $144.17 and a two-hundred day moving average of $153.94. The company has a market cap of $4.15 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.37 and a beta of 0.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.62 and a current ratio of 2.69.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, July 25th. The textile maker reported ($0.67) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.15) by $0.48. The company had revenue of $276.80 million during the quarter, compared to the consensus estimate of $259.71 million. Deckers Outdoor had a return on equity of 27.74% and a net margin of 13.45%. Deckers Outdoor’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.98) EPS. As a group, sell-side analysts forecast that Deckers Outdoor Corp will post 8.7 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Covington Capital Management bought a new stake in Deckers Outdoor in the second quarter valued at approximately $25,000. Coastal Investment Advisors Inc. bought a new stake in Deckers Outdoor in the second quarter valued at approximately $26,000. Shamrock Asset Management LLC bought a new stake in Deckers Outdoor in the second quarter valued at approximately $27,000. Doyle Wealth Management bought a new stake in Deckers Outdoor in the second quarter valued at approximately $37,000. Finally, SRS Capital Advisors Inc. bought a new stake in Deckers Outdoor in the second quarter valued at approximately $56,000.

Deckers Outdoor Company Profile (NYSE:DECK)

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

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