Stifel Nicolaus Increases Deckers Outdoor Corporation (DECK) Price Target to $80.00
Deckers Outdoor Corporation (NYSE:DECK) had its price objective boosted by analysts at Stifel Nicolaus from $74.00 to $80.00 in a research note issued on Friday. The firm presently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ target price indicates a potential upside of 12.28% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the stock. BidaskClub raised shares of Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. ValuEngine downgraded shares of Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $57.00 price target (down from $60.00) on shares of Deckers Outdoor Corporation in a research note on Monday, July 24th. Piper Jaffray Companies set a $66.00 price target on shares of Deckers Outdoor Corporation and gave the company a “hold” rating in a research note on Thursday, July 27th. Finally, Canaccord Genuity set a $76.00 price target on shares of Deckers Outdoor Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $67.67.
Shares of Deckers Outdoor Corporation (NYSE DECK) opened at 71.25 on Friday. Deckers Outdoor Corporation has a 52-week low of $44.00 and a 52-week high of $72.72. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 102.37 and a beta of 1.34. The company has a 50-day moving average of $64.83 and a 200-day moving average of $63.43.
Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.67) by $0.39. The business had revenue of $209.70 million for the quarter, compared to the consensus estimate of $178.36 million. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. The business’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. Equities research analysts anticipate that Deckers Outdoor Corporation will post $4.08 EPS for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new position in Deckers Outdoor Corporation during the 2nd quarter worth approximately $1,423,000. Public Employees Retirement System of Ohio grew its holdings in Deckers Outdoor Corporation by 6.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,370 shares of the textile maker’s stock worth $298,000 after acquiring an additional 270 shares in the last quarter. Verition Fund Management LLC acquired a new position in Deckers Outdoor Corporation during the 2nd quarter worth approximately $761,000. State Street Corp grew its holdings in Deckers Outdoor Corporation by 3.6% during the 2nd quarter. State Street Corp now owns 1,039,579 shares of the textile maker’s stock worth $70,962,000 after acquiring an additional 36,356 shares in the last quarter. Finally, Gotham Asset Management LLC grew its holdings in Deckers Outdoor Corporation by 20.5% during the 2nd quarter. Gotham Asset Management LLC now owns 124,507 shares of the textile maker’s stock worth $8,499,000 after acquiring an additional 21,147 shares in the last quarter. 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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