Deckers Outdoor Corporation (DECK) Receives $71.50 Consensus Price Target from Analysts

Deckers Outdoor Corporation (NYSE:DECK) has been given an average recommendation of “Hold” by the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $71.50.

DECK has been the subject of a number of recent analyst reports. Piper Jaffray Companies reissued a “hold” rating and set a $66.00 price target on shares of Deckers Outdoor in a research report on Friday, September 29th. BidaskClub raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Pivotal Research initiated coverage on shares of Deckers Outdoor in a research report on Thursday, October 5th. They set a “buy” rating and a $80.00 price target for the company. Stifel Nicolaus raised their price target on shares of Deckers Outdoor from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, Robert W. Baird reissued a “hold” rating and set a $67.00 price target on shares of Deckers Outdoor in a research report on Friday, October 6th.

A number of institutional investors and hedge funds have recently made changes to their positions in DECK. Flinton Capital Management LLC lifted its stake in Deckers Outdoor by 74.2% during the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after purchasing an additional 736 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in Deckers Outdoor by 75.5% during the second quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after purchasing an additional 831 shares during the last quarter. Contravisory Investment Management Inc. lifted its stake in Deckers Outdoor by 21,160.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 2,126 shares of the textile maker’s stock worth $171,000 after purchasing an additional 2,116 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Deckers Outdoor by 91.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after purchasing an additional 1,213 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. lifted its stake in Deckers Outdoor by 401.9% during the second quarter. Parallax Volatility Advisers L.P. now owns 2,654 shares of the textile maker’s stock worth $181,000 after purchasing an additional 3,533 shares during the last quarter. Hedge funds and other institutional investors own 99.56% of the company’s stock.

Shares of Deckers Outdoor (DECK) traded up $1.93 during trading hours on Friday, reaching $88.07. 960,673 shares of the company’s stock traded hands, compared to its average volume of 535,562. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.26. Deckers Outdoor has a one year low of $44.00 and a one year high of $88.43. The firm has a market capitalization of $2,810.00, a P/E ratio of 88.07, a price-to-earnings-growth ratio of 1.79 and a beta of 1.26.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.52. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. The company had revenue of $482.50 million during the quarter, compared to the consensus estimate of $440.11 million. During the same quarter last year, the company earned $1.21 earnings per share. Deckers Outdoor’s revenue for the quarter was down .7% on a year-over-year basis. equities research analysts anticipate that Deckers Outdoor will post 4.37 EPS for the current year.

Deckers Outdoor declared that its Board of Directors has initiated a stock buyback program on Thursday, October 26th that permits the company to buyback $335.00 million in outstanding shares. This buyback authorization permits the textile maker to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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About Deckers Outdoor

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 (NYSE:DECK)

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