Deckers Outdoor Corporation (NYSE:DECK)‘s stock had its “buy” rating reiterated by stock analysts at FIG Partners in a research note issued on Monday.

Other equities analysts have also issued reports about the company. UBS AG lowered Deckers Outdoor Corporation to a “neutral” rating in a research report on Monday. Susquehanna Bancshares Inc reissued a “negative” rating and set a $40.00 price target on shares of Deckers Outdoor Corporation in a research report on Monday. BidaskClub lowered Deckers Outdoor Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Morgan Stanley upped their price target on Deckers Outdoor Corporation from $59.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Finally, Canaccord Genuity set a $76.00 price target on Deckers Outdoor Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.53.

Shares of Deckers Outdoor Corporation (DECK) traded down 2.31% during mid-day trading on Monday, hitting $64.31. 380,322 shares of the stock traded hands. The firm has a 50 day moving average of $65.80 and a 200 day moving average of $63.98. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 92.40 and a beta of 1.33. Deckers Outdoor Corporation has a 12 month low of $44.00 and a 12 month high of $72.72.

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, beating the Zacks’ consensus estimate of ($1.67) by $0.39. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The company had revenue of $209.70 million for the quarter, compared to analyst estimates of $178.36 million. During the same period in the prior year, the company posted ($1.80) EPS. Deckers Outdoor Corporation’s quarterly revenue was up 20.2% on a year-over-year basis. On average, equities analysts expect that Deckers Outdoor Corporation will post $4.08 EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC boosted its position 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 valued at $118,000 after purchasing an additional 736 shares during the period. Riverhead Capital Management LLC boosted its position 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 valued at $132,000 after purchasing an additional 831 shares during the period. James Investment Research Inc. acquired a new position in shares of Deckers Outdoor Corporation in the 2nd quarter valued at $148,000. Point72 Asia Hong Kong Ltd boosted its position 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 valued at $150,000 after purchasing an additional 1,626 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position 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 valued at $175,000 after purchasing an additional 1,213 shares during the period. Institutional investors and hedge funds own 99.44% of the company’s stock.

Deckers Outdoor Corporation 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.

Analyst Recommendations for Deckers Outdoor Corporation (NYSE:DECK)

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