Deckers Outdoor Corp. (DECK) Stock Rating Upgraded by Stifel Nicolaus
Deckers Outdoor Corp. (NYSE:DECK) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage presently has a $68.00 target price on the stock, up from their previous target price of $60.00. Stifel Nicolaus’ price target would suggest a potential upside of 10.80% from the stock’s current price.
A number of other research analysts have also weighed in on the company. Susquehanna lowered Deckers Outdoor Corp. from a “neutral” rating to a “negative” rating and dropped their price objective for the stock from $59.00 to $49.00 in a report on Thursday, October 13th. Zacks Investment Research lowered Deckers Outdoor Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, October 19th. Telsey Advisory Group raised Deckers Outdoor Corp. from a “market perform” rating to an “outperform” rating and upped their target price for the company from $68.00 to $78.00 in a report on Monday, August 15th. Guggenheim initiated coverage on Deckers Outdoor Corp. in a report on Friday, September 30th. They issued a “neutral” rating on the stock. Finally, Canaccord Genuity reissued a “buy” rating and issued a $72.00 target price on shares of Deckers Outdoor Corp. in a report on Sunday, September 11th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Deckers Outdoor Corp. has a consensus rating of “Hold” and a consensus target price of $58.91.
Deckers Outdoor Corp. (NYSE:DECK) opened at 61.37 on Friday. The stock’s 50 day moving average price is $56.80 and its 200 day moving average price is $58.62. Deckers Outdoor Corp. has a 12-month low of $40.74 and a 12-month high of $69.94. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 17.65 and a beta of 0.88.
Deckers Outdoor Corp. (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 27th. The company reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.04. Deckers Outdoor Corp. had a return on equity of 14.80% and a net margin of 6.19%. The firm had revenue of $485.90 million for the quarter, compared to analyst estimates of $495.75 million. During the same quarter in the prior year, the company posted $1.17 earnings per share. Deckers Outdoor Corp.’s quarterly revenue was down .2% on a year-over-year basis. Analysts forecast that Deckers Outdoor Corp. will post $4.15 EPS for the current fiscal year.
In other Deckers Outdoor Corp. news, Director Angel R. Martinez sold 29,058 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $67.61, for a total transaction of $1,964,611.38. Following the completion of the sale, the director now owns 393,636 shares in the company, valued at approximately $26,613,729.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new stake in shares of Deckers Outdoor Corp. during the third quarter valued at about $3,866,000. HighTower Advisors LLC bought a new stake in shares of Deckers Outdoor Corp. during the third quarter valued at about $257,000. KCG Holdings Inc. increased its stake in shares of Deckers Outdoor Corp. by 17.4% in the third quarter. KCG Holdings Inc. now owns 15,525 shares of the company’s stock valued at $925,000 after buying an additional 2,299 shares during the period. Morgan Stanley increased its stake in shares of Deckers Outdoor Corp. by 33.7% in the third quarter. Morgan Stanley now owns 136,050 shares of the company’s stock valued at $8,101,000 after buying an additional 34,288 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Deckers Outdoor Corp. by 4.2% in the third quarter. Principal Financial Group Inc. now owns 124,622 shares of the company’s stock valued at $7,422,000 after buying an additional 5,024 shares during the period.
About Deckers Outdoor Corp.
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.
Receive News & Stock Ratings for Deckers Outdoor Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor Corp. and related stocks with our FREE daily email newsletter.