Brean Capital Reiterates Buy Rating for Deckers Outdoor Corp. (DECK)
Deckers Outdoor Corp. (NYSE:DECK)‘s stock had its “buy” rating restated by stock analysts at Brean Capital in a research report issued to clients and investors on Thursday. They currently have a $65.00 price target on the stock. Brean Capital’s price target indicates a potential upside of 9.28% from the stock’s current price.
Several other brokerages also recently issued reports on DECK. Susquehanna initiated coverage on shares of Deckers Outdoor Corp. in a research report on Friday, August 12th. They set a “neutral” rating and a $59.00 price objective on the stock. Telsey Advisory Group raised shares of Deckers Outdoor Corp. from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $68.00 to $78.00 in a research report on Monday, August 15th. Jefferies Group reissued a “buy” rating on shares of Deckers Outdoor Corp. in a research report on Sunday, September 4th. Canaccord Genuity reissued a “buy” rating and set a $72.00 price objective on shares of Deckers Outdoor Corp. in a research report on Sunday, September 11th. Finally, Guggenheim initiated coverage on shares of Deckers Outdoor Corp. in a research report on Friday, September 30th. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $58.52.
Deckers Outdoor Corp. (NYSE:DECK) opened at 59.48 on Thursday. 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 $1.91 billion, a P/E ratio of 17.11 and a beta of 0.88. The firm has a 50 day moving average of $57.23 and a 200-day moving average of $59.06.
Deckers Outdoor Corp. (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 27th. The company reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.04. Deckers Outdoor Corp. had a net margin of 6.19% and a return on equity of 14.80%. The firm had revenue of $485.90 million for the quarter, compared to analyst estimates of $495.75 million. During the same period last year, the business earned $1.17 EPS. Deckers Outdoor Corp.’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts forecast that Deckers Outdoor Corp. will post $4.15 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in DECK. Bank of New York Mellon Corp increased its stake in Deckers Outdoor Corp. by 101.1% in the third quarter. Bank of New York Mellon Corp now owns 1,636,248 shares of the company’s stock valued at $97,438,000 after buying an additional 822,494 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Deckers Outdoor Corp. by 45.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,544,662 shares of the company’s stock valued at $88,849,000 after buying an additional 485,222 shares in the last quarter. Pictet Asset Management Ltd. acquired a new stake in Deckers Outdoor Corp. during the second quarter valued at about $25,350,000. Emerald Acquisition Ltd. acquired a new stake in Deckers Outdoor Corp. during the second quarter valued at about $21,675,000. Finally, Ameriprise Financial Inc. increased its stake in Deckers Outdoor Corp. by 66.8% in the third quarter. Ameriprise Financial Inc. now owns 526,307 shares of the company’s stock valued at $31,344,000 after buying an additional 210,700 shares in the last quarter.
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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