Deckers Outdoor Corporation (NYSE:DECK) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, November 7th.
DECK has been the topic of a number of other research reports. Morgan Stanley raised their target price on Deckers Outdoor Corporation from $59.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. Canaccord Genuity set a $76.00 target price on Deckers Outdoor Corporation and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Pivotal Research started coverage on Deckers Outdoor Corporation in a research report on Thursday, October 5th. They issued a “buy” rating and a $80.00 price objective for the company. ValuEngine upgraded Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $57.00 target price on shares of Deckers Outdoor Corporation in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $69.43.
Deckers Outdoor Corporation (DECK) traded up $0.90 during trading hours on Tuesday, hitting $72.22. The stock had a trading volume of 230,240 shares, compared to its average volume of 749,166. Deckers Outdoor Corporation has a 12 month low of $44.00 and a 12 month high of $73.45. The company has a market capitalization of $2,280.00, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.56 and a beta of 1.19. 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 Corporation (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.52. Deckers Outdoor Corporation had a return on equity of 15.23% and a net margin of 1.80%. The firm had revenue of $482.50 million during the quarter, compared to the consensus estimate of $440.11 million. During the same period in the prior year, the business earned $1.21 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis. equities analysts expect that Deckers Outdoor Corporation will post 4.27 EPS for the current fiscal year.
Deckers Outdoor Corporation announced that its Board of Directors has initiated a share buyback program on Thursday, October 26th that authorizes the company to buyback $335.00 million in outstanding shares. This buyback authorization authorizes the textile maker to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in Deckers Outdoor Corporation by 16,546.5% during the first quarter. BlackRock Inc. now owns 3,303,169 shares of the textile maker’s stock worth $197,298,000 after buying an additional 3,283,326 shares in the last quarter. Vanguard Group Inc. grew its position in Deckers Outdoor Corporation by 0.7% during the second quarter. Vanguard Group Inc. now owns 2,622,377 shares of the textile maker’s stock worth $179,002,000 after buying an additional 19,287 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Deckers Outdoor Corporation by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,546,161 shares of the textile maker’s stock worth $173,801,000 after buying an additional 174,844 shares in the last quarter. Bank of New York Mellon Corp grew its position in Deckers Outdoor Corporation by 21.4% during the third quarter. Bank of New York Mellon Corp now owns 1,105,440 shares of the textile maker’s stock worth $75,623,000 after buying an additional 195,164 shares in the last quarter. Finally, State Street Corp grew its position in Deckers Outdoor Corporation by 3.6% during the second quarter. State Street Corp now owns 1,039,579 shares of the textile maker’s stock worth $70,962,000 after buying an additional 36,356 shares in the last quarter. 99.24% of the stock is currently owned by institutional investors and hedge funds.
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.
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