Deckers Outdoor Corporation (DECK) Earns Buy Rating from Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Deckers Outdoor Corporation (NYSE:DECK) in a report issued on Friday, October 27th, Marketbeat Ratings reports.

Other equities analysts also recently issued research reports about the stock. Jefferies Group LLC set a $74.00 price objective on shares of Deckers Outdoor Corporation and gave the stock a buy rating in a research note on Saturday, July 29th. Canaccord Genuity set a $76.00 price objective on shares of Deckers Outdoor Corporation and gave the stock a buy rating in a research note on Thursday, July 27th. BidaskClub raised shares of Deckers Outdoor Corporation from a hold rating to a buy rating in a research note on Tuesday, October 3rd. ValuEngine raised shares of Deckers Outdoor Corporation from a hold rating to a buy rating in a research note on Wednesday, September 6th. Finally, Pivotal Research began coverage on shares of Deckers Outdoor Corporation in a report on Thursday, October 5th. They issued a buy rating and a $80.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $69.43.

Deckers Outdoor Corporation (DECK) traded up $0.80 during trading on Friday, hitting $69.25. 651,000 shares of the stock traded hands, compared to its average volume of 751,733. The company has a quick ratio of 1.26, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. Deckers Outdoor Corporation has a 1 year low of $44.00 and a 1 year high of $73.45. The company has a market capitalization of $2,187.76, a P/E ratio of 15.28, a PEG ratio of 1.49 and a beta of 1.19.

Deckers Outdoor Corporation (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.52. The firm had revenue of $482.50 million during the quarter, compared to the consensus estimate of $440.11 million. Deckers Outdoor Corporation had a net margin of 1.80% and a return on equity of 15.23%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 earnings per share. research analysts expect that Deckers Outdoor Corporation will post 4.3 earnings per share for the current year.

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Deckers Outdoor Corporation declared that its board has authorized a stock repurchase program on Thursday, October 26th that authorizes the company to buyback $335.00 million in shares. This buyback authorization authorizes the textile maker to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Deckers Outdoor Corporation by 16,546.5% during the 1st quarter. BlackRock Inc. now owns 3,303,169 shares of the textile maker’s stock worth $197,298,000 after purchasing an additional 3,283,326 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Deckers Outdoor Corporation by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,622,377 shares of the textile maker’s stock worth $179,002,000 after purchasing an additional 19,287 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Deckers Outdoor Corporation by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,546,161 shares of the textile maker’s stock worth $173,801,000 after purchasing an additional 174,844 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Deckers Outdoor Corporation by 21.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,105,440 shares of the textile maker’s stock worth $75,623,000 after purchasing an additional 195,164 shares during the last quarter. Finally, State Street Corp raised its position in shares of Deckers Outdoor Corporation by 3.6% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 99.57% of the company’s stock.

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.

Analyst Recommendations for Deckers Outdoor Corporation (NYSE:DECK)

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