Deckers Outdoor Corp. (DECK) Given Consensus Recommendation of “Hold” by Analysts
Shares of Deckers Outdoor Corp. (NYSE:DECK) have received an average recommendation of “Hold” from the twenty-three brokerages that are presently covering the firm. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $60.43.
DECK has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $68.00 price target (up previously from $57.00) on shares of Deckers Outdoor Corp. in a report on Friday, July 29th. Standpoint Research cut shares of Deckers Outdoor Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, August 2nd. Susquehanna initiated coverage on shares of Deckers Outdoor Corp. in a report on Friday, August 12th. They issued a “neutral” rating and a $59.00 price target on the stock. Citigroup Inc. upped their price target on shares of Deckers Outdoor Corp. from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday, June 14th. Finally, Piper Jaffray Cos. reaffirmed a “hold” rating and issued a $63.00 price target on shares of Deckers Outdoor Corp. in a report on Friday, July 29th.
Shares of Deckers Outdoor Corp. (NYSE:DECK) traded down 1.27% on Tuesday, reaching $61.58. The company’s stock had a trading volume of 147,926 shares. Deckers Outdoor Corp. has a 12 month low of $40.74 and a 12 month high of $69.94. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 18.23 and a beta of 1.08. The stock has a 50 day moving average of $62.23 and a 200-day moving average of $59.17.
Deckers Outdoor Corp. (NYSE:DECK) last posted its earnings results on Thursday, July 28th. The company reported ($1.80) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.07) by $0.27. The firm had revenue of $174.40 million for the quarter, compared to the consensus estimate of $170.48 million. Deckers Outdoor Corp. had a return on equity of 14.78% and a net margin of 6.03%. The business’s quarterly revenue was down 18.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.43) earnings per share. On average, analysts anticipate that Deckers Outdoor Corp. will post $4.31 EPS for the current year.
In other news, CEO David Powers sold 1,750 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $64.17, for a total transaction of $112,297.50. Following the completion of the sale, the chief executive officer now directly owns 118,873 shares in the company, valued at $7,628,080.41. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John G. Perenchio sold 23,500 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $67.16, for a total transaction of $1,578,260.00. Following the sale, the director now owns 28,281 shares of the company’s stock, valued at $1,899,351.96. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. purchased a new stake in Deckers Outdoor Corp. during the first quarter worth $750,000. Nuveen Asset Management LLC raised its stake in Deckers Outdoor Corp. by 309.2% in the first quarter. Nuveen Asset Management LLC now owns 65,771 shares of the company’s stock worth $3,941,000 after buying an additional 49,697 shares in the last quarter. AXA raised its stake in Deckers Outdoor Corp. by 280.3% in the first quarter. AXA now owns 81,000 shares of the company’s stock worth $4,853,000 after buying an additional 59,700 shares in the last quarter. Lazard Asset Management LLC raised its stake in Deckers Outdoor Corp. by 13.8% in the first quarter. Lazard Asset Management LLC now owns 2,807,196 shares of the company’s stock worth $168,177,000 after buying an additional 340,163 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Deckers Outdoor Corp. during the first quarter worth $717,000.
Deckers Outdoor Corp. 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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