Deckers Outdoor Corporation’s (DECK) Hold Rating Reiterated at Piper Jaffray Companies
Piper Jaffray Companies reiterated their hold rating on shares of Deckers Outdoor Corporation (NYSE:DECK) in a research report released on Friday. The brokerage currently has a $66.00 price target on the textile maker’s stock.
Several other equities research analysts have also recently issued reports on the stock. B. Riley reaffirmed a neutral rating and set a $68.00 price target on shares of Deckers Outdoor Corporation in a research note on Thursday, June 1st. ValuEngine raised shares of Deckers Outdoor Corporation from a hold rating to a buy rating in a research report on Wednesday, September 6th. Zacks Investment Research lowered shares of Deckers Outdoor Corporation from a buy rating to a hold rating in a research report on Monday, July 31st. Stifel Nicolaus set a $74.00 price objective on shares of Deckers Outdoor Corporation and gave the company a buy rating in a research note on Sunday, July 30th. Finally, Morgan Stanley upped their price objective on shares of Deckers Outdoor Corporation from $59.00 to $61.00 and gave the company an equal weight rating in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $67.00.
Deckers Outdoor Corporation (DECK) traded down 0.34% during mid-day trading on Friday, reaching $68.18. 197,264 shares of the company’s stock were exchanged. Deckers Outdoor Corporation has a 1-year low of $44.00 and a 1-year high of $72.72. The stock has a market capitalization of $2.18 billion, a PE ratio of 97.96 and a beta of 1.33. The firm’s 50-day moving average is $63.87 and its 200 day moving average is $62.35.
Deckers Outdoor Corporation (NYSE:DECK) last announced its earnings results on Thursday, July 27th. The textile maker reported ($1.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.67) by $0.39. The company had revenue of $209.70 million during the quarter, compared to analysts’ expectations of $178.36 million. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.80) earnings per share. Analysts forecast that Deckers Outdoor Corporation will post $4.08 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Flinton Capital Management LLC raised its position in Deckers Outdoor Corporation by 74.2% in the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 736 shares during the period. Riverhead Capital Management LLC raised its holdings in shares of Deckers Outdoor Corporation by 75.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock valued at $132,000 after buying an additional 831 shares during the period. James Investment Research Inc. purchased a new stake in shares of Deckers Outdoor Corporation during the 2nd quarter valued at about $148,000. Point72 Asia Hong Kong Ltd lifted its position in Deckers Outdoor Corporation by 185.2% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock worth $150,000 after acquiring an additional 1,626 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Deckers Outdoor Corporation by 91.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after acquiring an additional 1,213 shares in the last quarter. Hedge funds and other institutional investors own 99.57% of the company’s stock.
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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