Several other research analysts have also recently weighed in on the stock. Susquehanna cut shares of Deckers Outdoor Corporation from a neutral rating to a negative rating and decreased their price target for the stock from $59.00 to $49.00 in a report on Thursday, October 13th. Zacks Investment Research cut shares of Deckers Outdoor Corporation from a buy rating to a hold rating in a report on Wednesday, October 19th. Stifel Nicolaus raised shares of Deckers Outdoor Corporation from a hold rating to a buy rating and upped their price target for the stock from $60.00 to $68.00 in a report on Friday, November 11th. Guggenheim started coverage on shares of Deckers Outdoor Corporation in a report on Friday, September 30th. They issued a neutral rating on the stock. Finally, Canaccord Genuity reaffirmed a buy rating and issued a $72.00 price target on shares of Deckers Outdoor Corporation in a report on Sunday, September 11th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. Deckers Outdoor Corporation has a consensus rating of Hold and an average target price of $58.44.
Deckers Outdoor Corporation (NYSE:DECK) traded down 1.54% during midday trading on Friday, hitting $58.78. The company had a trading volume of 254,530 shares. The firm’s 50 day moving average is $58.71 and its 200-day moving average is $60.08. Deckers Outdoor Corporation has a 52 week low of $40.74 and a 52 week high of $69.94. The firm has a market capitalization of $1.89 billion, a P/E ratio of 16.91 and a beta of 0.90.
Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings results on Thursday, October 27th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.04. The firm had revenue of $485.90 million for the quarter, compared to analysts’ expectations of $495.75 million. Deckers Outdoor Corporation had a net margin of 6.19% and a return on equity of 14.80%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share. On average, equities research analysts expect that Deckers Outdoor Corporation will post $4.14 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. LS Investment Advisors LLC increased its stake in shares of Deckers Outdoor Corporation by 65.0% in the second quarter. LS Investment Advisors LLC now owns 1,987 shares of the company’s stock valued at $114,000 after buying an additional 783 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Deckers Outdoor Corporation by 15.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,647 shares of the company’s stock valued at $210,000 after buying an additional 499 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in shares of Deckers Outdoor Corporation during the second quarter valued at $230,000. Trexquant Investment LP purchased a new stake in shares of Deckers Outdoor Corporation during the second quarter valued at $240,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Deckers Outdoor Corporation during the third quarter valued at $257,000.
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.
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