ValuEngine upgraded shares of Deckers Outdoor Corporation (NYSE:DECK) from a hold rating to a buy rating in a research report report published on Wednesday morning.

Several other brokerages have also issued reports on DECK. Zacks Investment Research upgraded shares of Deckers Outdoor Corporation from a hold rating to a buy rating and set a $67.00 price objective on the stock in a report on Tuesday, May 9th. Stifel Nicolaus boosted their price objective on shares of Deckers Outdoor Corporation from $70.00 to $74.00 and gave the company a buy rating in a report on Friday, May 26th. Buckingham Research lowered shares of Deckers Outdoor Corporation from a buy rating to a neutral rating in a report on Wednesday, June 7th. B. Riley restated a neutral rating and issued a $68.00 price objective on shares of Deckers Outdoor Corporation in a report on Thursday, June 1st. Finally, Canaccord Genuity boosted their price target on shares of Deckers Outdoor Corporation from $69.00 to $76.00 and gave the stock a buy rating in a research note on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. Deckers Outdoor Corporation currently has an average rating of Hold and an average target price of $67.00.

Shares of Deckers Outdoor Corporation (NYSE DECK) opened at 64.62 on Wednesday. The stock has a market cap of $2.07 billion, a P/E ratio of 92.84 and a beta of 1.23. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $72.72. The stock has a 50 day moving average of $64.10 and a 200 day moving average of $61.70.

Deckers Outdoor Corporation (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported ($1.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.67) by $0.39. The firm had revenue of $209.70 million for the quarter, compared to analyst estimates of $178.36 million. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. Deckers Outdoor Corporation’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.80) EPS. On average, analysts expect that Deckers Outdoor Corporation will post $4.08 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of DECK. Teachers Advisors LLC boosted its holdings in shares of Deckers Outdoor Corporation by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 53,787 shares of the textile maker’s stock valued at $2,979,000 after acquiring an additional 1,732 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Deckers Outdoor Corporation by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 8,100 shares of the textile maker’s stock valued at $484,000 after acquiring an additional 200 shares during the period. Glen Harbor Capital Management LLC boosted its holdings in shares of Deckers Outdoor Corporation by 6.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,736 shares of the textile maker’s stock valued at $104,000 after acquiring an additional 112 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Deckers Outdoor Corporation by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,271 shares of the textile maker’s stock valued at $673,000 after acquiring an additional 200 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Deckers Outdoor Corporation by 20.4% in the first quarter. Wells Fargo & Company MN now owns 86,301 shares of the textile maker’s stock valued at $5,155,000 after acquiring an additional 14,630 shares during the period. 99.57% of the stock is owned by institutional investors and hedge funds.

About Deckers Outdoor Corporation

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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Analyst Recommendations for Deckers Outdoor Corporation (NYSE:DECK)

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