Deckers Outdoor (NYSE:DECK) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Wednesday.
Several other brokerages also recently weighed in on DECK. Telsey Advisory Group raised their price target on Deckers Outdoor from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, July 27th. Jefferies Financial Group restated a “hold” rating and set a $116.00 price target on shares of Deckers Outdoor in a report on Friday, July 27th. Stifel Nicolaus downgraded Deckers Outdoor from a “buy” rating to a “hold” rating and raised their price target for the company from $120.00 to $123.00 in a report on Friday, July 27th. They noted that the move was a valuation call. Susquehanna Bancshares upgraded Deckers Outdoor from a “negative” rating to a “neutral” rating and raised their price target for the company from $89.00 to $104.00 in a report on Thursday, August 23rd. Finally, UBS Group upgraded Deckers Outdoor to a “neutral” rating in a report on Thursday, August 23rd. Thirteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Deckers Outdoor has a consensus rating of “Hold” and a consensus price target of $113.77.
Shares of NYSE:DECK opened at $109.86 on Wednesday. Deckers Outdoor has a 1-year low of $63.32 and a 1-year high of $124.68. The company has a quick ratio of 1.70, a current ratio of 2.93 and a debt-to-equity ratio of 0.03. The firm has a market cap of $3.57 billion, a PE ratio of 19.57, a P/E/G ratio of 1.54 and a beta of 1.07.
Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, July 26th. The textile maker reported ($0.98) earnings per share for the quarter, beating the consensus estimate of ($1.42) by $0.44. Deckers Outdoor had a return on equity of 20.26% and a net margin of 6.49%. The firm had revenue of $250.60 million during the quarter, compared to the consensus estimate of $226.31 million. During the same period last year, the company earned ($1.28) earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. On average, sell-side analysts predict that Deckers Outdoor will post 6.44 EPS for the current fiscal year.
In other Deckers Outdoor news, Director Brian Spaly acquired 1,000 shares of Deckers Outdoor stock in a transaction that occurred on Tuesday, July 31st. The stock was bought at an average cost of $113.17 per share, for a total transaction of $113,170.00. Following the acquisition, the director now owns 1,087 shares of the company’s stock, valued at $123,015.79. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DECK. Meeder Asset Management Inc. boosted its position in Deckers Outdoor by 352.9% in the second quarter. Meeder Asset Management Inc. now owns 1,318 shares of the textile maker’s stock worth $149,000 after purchasing an additional 1,027 shares during the last quarter. Sterling Investment Advisors Ltd. purchased a new position in Deckers Outdoor in the second quarter worth about $169,000. Kovack Advisors Inc. purchased a new position in Deckers Outdoor in the third quarter worth about $203,000. Tower Research Capital LLC TRC boosted its position in Deckers Outdoor by 57.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,770 shares of the textile maker’s stock worth $200,000 after purchasing an additional 645 shares during the last quarter. Finally, Mission Wealth Management LP purchased a new position in Deckers Outdoor in the second quarter worth about $200,000.
About Deckers Outdoor
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.
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