Deckers Outdoor Corporation (DECK) Receives $71.50 Consensus Price Target from Brokerages
Deckers Outdoor Corporation (NYSE:DECK) has been assigned a consensus rating of “Hold” from the nineteen brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $71.50.
A number of brokerages recently weighed in on DECK. Stifel Nicolaus restated a “buy” rating and set a $93.00 price objective (up from $85.00) on shares of Deckers Outdoor in a research note on Wednesday, January 17th. Piper Jaffray Companies restated a “hold” rating and set a $66.00 price objective on shares of Deckers Outdoor in a research note on Friday, September 29th. UBS Group cut shares of Deckers Outdoor to a “neutral” rating in a research note on Monday, October 16th. ValuEngine upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, FIG Partners reaffirmed a “buy” rating on shares of Deckers Outdoor in a report on Monday, October 16th.
Shares of Deckers Outdoor (NYSE:DECK) traded up $1.93 during midday trading on Friday, hitting $88.07. 960,673 shares of the company were exchanged, compared to its average volume of 535,562. Deckers Outdoor has a fifty-two week low of $44.00 and a fifty-two week high of $88.43. The company has a current ratio of 2.43, a quick ratio of 1.26 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2,810.00, a PE ratio of 88.07, a P/E/G ratio of 1.79 and a beta of 1.26.
Deckers Outdoor declared that its board has initiated a share repurchase program on Thursday, October 26th that permits the company to buyback $335.00 million in outstanding shares. This buyback authorization permits the textile maker to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
Large investors have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC grew its holdings in Deckers Outdoor by 74.2% during the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after acquiring an additional 736 shares during the period. Riverhead Capital Management LLC grew its holdings in Deckers Outdoor by 75.5% during the second quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after acquiring an additional 831 shares during the period. Contravisory Investment Management Inc. grew its holdings in Deckers Outdoor by 21,160.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 2,126 shares of the textile maker’s stock worth $171,000 after acquiring an additional 2,116 shares during the period. PNC Financial Services Group Inc. grew its holdings in Deckers Outdoor by 91.2% during the second 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 during the period. Finally, Parallax Volatility Advisers L.P. increased its stake in Deckers Outdoor by 401.9% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 2,654 shares of the textile maker’s stock worth $181,000 after purchasing an additional 3,533 shares in the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.
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About Deckers Outdoor
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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