BidaskClub upgraded shares of Deckers Outdoor Corporation (NYSE:DECK) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

A number of other research firms have also recently issued reports on DECK. Buckingham Research cut shares of Deckers Outdoor Corporation from a buy rating to a neutral rating in a research note on Wednesday, June 7th. Piper Jaffray Companies restated a hold rating and issued a $66.00 price objective on shares of Deckers Outdoor Corporation in a research note on Friday, September 29th. ValuEngine cut shares of Deckers Outdoor Corporation from a buy rating to a hold rating in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of Deckers Outdoor Corporation from a buy rating to a hold rating in a research note on Monday, July 31st. Finally, Stifel Nicolaus set a $74.00 price objective on shares of Deckers Outdoor Corporation and gave the stock a buy rating in a research note on Sunday, July 30th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Deckers Outdoor Corporation currently has an average rating of Hold and a consensus target price of $67.67.

Shares of Deckers Outdoor Corporation (NYSE DECK) traded up 1.22% during trading on Tuesday, hitting $71.08. 269,859 shares of the stock were exchanged. Deckers Outdoor Corporation has a 12-month low of $44.00 and a 12-month high of $72.72. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 102.13 and a beta of 1.34. The stock’s 50 day moving average is $64.61 and its 200-day moving average is $63.31.

Deckers Outdoor Corporation (NYSE:DECK) last posted its earnings results on Thursday, July 27th. The textile maker reported ($1.28) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.67) by $0.39. The firm 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 company’s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.80) earnings per share. Equities research analysts anticipate that Deckers Outdoor Corporation will post $4.08 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Deckers Outdoor Corporation (DECK) Upgraded at BidaskClub” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/10/06/deckers-outdoor-corporation-deck-upgraded-at-bidaskclub.html.

A number of institutional investors have recently made changes to their positions in the business. Flinton Capital Management LLC grew its holdings in shares of Deckers Outdoor Corporation by 74.2% in the 2nd quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after purchasing an additional 736 shares during the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Deckers Outdoor Corporation by 75.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after purchasing an additional 831 shares during the last quarter. James Investment Research Inc. bought a new stake in shares of Deckers Outdoor Corporation in the 2nd quarter worth about $148,000. Point72 Asia Hong Kong Ltd grew its holdings in shares of Deckers Outdoor Corporation by 185.2% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock worth $150,000 after purchasing an additional 1,626 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Deckers Outdoor Corporation by 91.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after purchasing an additional 1,213 shares during the last quarter. 99.57% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Deckers Outdoor Corporation (NYSE:DECK)

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