Deckers Outdoor Corporation (NYSE:DECK) has been assigned a $66.00 target price by equities researchers at Piper Jaffray Companies in a research report issued to clients and investors on Thursday, July 27th. The firm currently has a “hold” rating on the textile maker’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 0.38% from the stock’s previous close.
Several other brokerages have also commented on DECK. B. Riley reissued a “neutral” rating and issued a $68.00 price objective on shares of Deckers Outdoor Corporation in a report on Thursday, June 1st. ValuEngine raised Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Buckingham Research lowered Deckers Outdoor Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 7th. BidaskClub raised Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Zacks Investment Research raised Deckers Outdoor Corporation from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Thursday, June 1st. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Deckers Outdoor Corporation currently has a consensus rating of “Hold” and an average target price of $67.00.
Deckers Outdoor Corporation (NYSE DECK) traded up 1.58% on Thursday, reaching $65.75. The company’s stock had a trading volume of 415,672 shares. Deckers Outdoor Corporation has a 12-month low of $44.00 and a 12-month high of $72.72. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 94.47 and a beta of 1.27. The firm has a 50-day moving average of $66.21 and a 200 day moving average of $60.18.
Deckers Outdoor Corporation (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, beating the consensus estimate of ($1.67) by $0.39. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The company had revenue of $209.70 million for the quarter, compared to analyst estimates of $178.36 million. During the same period last year, the company earned ($1.80) earnings per share. Deckers Outdoor Corporation’s quarterly revenue was up 20.2% compared to the same quarter last year. On average, equities research analysts anticipate that Deckers Outdoor Corporation will post $4.08 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in Deckers Outdoor Corporation by 135.4% in the second quarter. Principal Financial Group Inc. now owns 303,849 shares of the textile maker’s stock worth $20,741,000 after buying an additional 174,759 shares in the last quarter. DSAM Partners London Ltd acquired a new stake in Deckers Outdoor Corporation during the second quarter worth approximately $1,087,000. Neuberger Berman Group LLC increased its stake in Deckers Outdoor Corporation by 21.5% in the second quarter. Neuberger Berman Group LLC now owns 507,985 shares of the textile maker’s stock worth $34,675,000 after buying an additional 89,787 shares in the last quarter. Airain ltd acquired a new stake in Deckers Outdoor Corporation during the second quarter worth approximately $397,000. Finally, Prudential Financial Inc. increased its stake in Deckers Outdoor Corporation by 1.7% in the second quarter. Prudential Financial Inc. now owns 21,547 shares of the textile maker’s stock worth $1,471,000 after buying an additional 367 shares in the last quarter.
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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