Susquehanna Bancshares Inc restated their neutral rating on shares of Deckers Outdoor Corporation (NYSE:DECK) in a report released on Thursday, September 14th. Susquehanna Bancshares Inc currently has a $57.00 target price on the textile maker’s stock.
DECK has been the subject of a number of other research reports. Buckingham Research downgraded Deckers Outdoor Corporation from a buy rating to a neutral rating in a research note on Wednesday, June 7th. Stifel Nicolaus lifted their price target on Deckers Outdoor Corporation from $70.00 to $74.00 and gave the company a buy rating in a research note on Friday, May 26th. B. Riley reiterated a neutral rating and set a $68.00 price target on shares of Deckers Outdoor Corporation in a research note on Thursday, June 1st. Zacks Investment Research downgraded Deckers Outdoor Corporation from a buy rating to a hold rating in a research note on Monday, July 31st. Finally, Canaccord Genuity boosted their target price on Deckers Outdoor Corporation from $69.00 to $76.00 and gave the stock a buy rating in a research note on Tuesday, May 30th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $67.00.
Shares of Deckers Outdoor Corporation (NYSE DECK) opened at 63.54 on Thursday. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 91.29 and a beta of 1.23. Deckers Outdoor Corporation has a 12 month low of $44.00 and a 12 month high of $72.72. The firm’s 50-day moving average price is $63.87 and its 200-day moving average price is $62.35.
Deckers Outdoor Corporation (NYSE:DECK) last issued its earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $209.70 million during the quarter, compared to analyst estimates of $178.36 million. During the same period in the previous year, the company posted ($1.80) EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. On average, equities analysts anticipate that Deckers Outdoor Corporation will post $4.08 earnings per share for the current year.
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Several institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Deckers Outdoor Corporation in the second quarter worth $1,423,000. Public Employees Retirement System of Ohio increased its holdings in shares of Deckers Outdoor Corporation by 6.6% in the second quarter. Public Employees Retirement System of Ohio now owns 4,370 shares of the textile maker’s stock worth $298,000 after purchasing an additional 270 shares during the period. Verition Fund Management LLC bought a new position in shares of Deckers Outdoor Corporation in the second quarter worth $761,000. State Street Corp increased its holdings in shares of Deckers Outdoor Corporation by 3.6% in the second quarter. State Street Corp now owns 1,039,579 shares of the textile maker’s stock worth $70,962,000 after purchasing an additional 36,356 shares during the period. Finally, Gotham Asset Management LLC increased its holdings in shares of Deckers Outdoor Corporation by 20.5% in the second quarter. Gotham Asset Management LLC now owns 124,507 shares of the textile maker’s stock worth $8,499,000 after purchasing an additional 21,147 shares during the period. 99.57% of the stock is currently owned by hedge funds and other institutional investors.
About Deckers Outdoor Corporation
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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