Deckers Outdoor Corporation (DECK) Given Consensus Recommendation of “Hold” by Brokerages

Deckers Outdoor Corporation (NYSE:DECK) has been given an average recommendation of “Hold” by the eighteen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $65.18.

A number of brokerages have commented on DECK. Jefferies Group LLC set a $68.00 target price on Deckers Outdoor Corporation and gave the company a “buy” rating in a research note on Saturday, May 27th. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $60.00 target price on shares of Deckers Outdoor Corporation in a research note on Monday, May 29th. ValuEngine cut Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Morgan Stanley boosted their target price on Deckers Outdoor Corporation from $59.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $68.00 price target on shares of Deckers Outdoor Corporation in a research note on Saturday, May 27th.

A number of hedge funds have recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its stake in shares of Deckers Outdoor Corporation by 43.2% in the first quarter. Canada Pension Plan Investment Board now owns 44,085 shares of the textile maker’s stock worth $2,633,000 after buying an additional 13,300 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Deckers Outdoor Corporation by 20.4% in the first quarter. Wells Fargo & Company MN now owns 86,301 shares of the textile maker’s stock valued at $5,155,000 after buying an additional 14,630 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Deckers Outdoor Corporation by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,271 shares of the textile maker’s stock valued at $673,000 after buying an additional 200 shares in the last quarter. First Midwest Bank Trust Division boosted its stake in Deckers Outdoor Corporation by 2.6% in the first quarter. First Midwest Bank Trust Division now owns 17,747 shares of the textile maker’s stock valued at $1,060,000 after buying an additional 453 shares in the last quarter. Finally, Glen Harbor Capital Management LLC boosted its stake in Deckers Outdoor Corporation by 6.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,736 shares of the textile maker’s stock valued at $104,000 after buying an additional 112 shares in the last quarter.

Deckers Outdoor Corporation (NYSE DECK) opened at 64.61 on Friday. The company has a market cap of $2.07 billion, a PE ratio of 92.83 and a beta of 1.27. The firm has a 50-day moving average of $65.84 and a 200 day moving average of $60.36. Deckers Outdoor Corporation has a 52-week low of $44.00 and a 52-week high of $72.72.

Deckers Outdoor Corporation (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.67) by $0.39. The business had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $178.36 million. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The business’s quarterly 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 expect that Deckers Outdoor Corporation will post $4.08 earnings per share for the current fiscal year.

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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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