Deckers Outdoor Corporation (NYSE:DECK) had its price target increased by Citigroup Inc. from $70.00 to $74.00 in a research note issued to investors on Friday. They currently have a neutral rating on the textile maker’s stock.
DECK has been the topic of a number of other research reports. Morgan Stanley upped their target price on shares of 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. Canaccord Genuity set a $76.00 target price on shares of Deckers Outdoor Corporation and gave the company a buy rating in a research note on Wednesday, October 25th. Pivotal Research assumed coverage on shares of Deckers Outdoor Corporation in a research note on Thursday, October 5th. They issued a buy rating and a $80.00 target price on the stock. BidaskClub raised shares of Deckers Outdoor Corporation from a sell rating to a hold rating in a research note on Wednesday, July 5th. Finally, ValuEngine raised shares of Deckers Outdoor Corporation from a hold rating to a buy rating in a research note on Wednesday, September 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company. Deckers Outdoor Corporation currently has an average rating of Hold and an average price target of $68.79.
Deckers Outdoor Corporation (DECK) opened at 70.62 on Friday. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $73.45. The firm has a market capitalization of $2.26 billion, a P/E ratio of 101.47 and a beta of 1.33. The firm has a 50-day moving average price of $66.74 and a 200-day moving average price of $64.80.
Deckers Outdoor Corporation (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.52. The business had revenue of $482.50 million during the quarter, compared to analyst estimates of $440.11 million. Deckers Outdoor Corporation had a net margin of 1.80% and a return on equity of 15.23%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.21 earnings per share. Equities analysts forecast that Deckers Outdoor Corporation will post $4.24 EPS for the current year.
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Deckers Outdoor Corporation announced that its board has approved a stock buyback plan on Thursday, October 26th that authorizes the company to buyback $335.00 million in outstanding shares. This buyback authorization authorizes the textile maker to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DECK. Flinton Capital Management LLC grew its stake in shares of Deckers Outdoor Corporation by 74.2% during the second 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 last quarter. Riverhead Capital Management LLC grew its stake in shares of Deckers Outdoor Corporation by 75.5% during the second 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 last quarter. James Investment Research Inc. bought a new stake in shares of Deckers Outdoor Corporation during the second quarter valued at approximately $148,000. PNC Financial Services Group Inc. grew its stake in shares of Deckers Outdoor Corporation by 91.2% during the second 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 last quarter. Finally, Parallax Volatility Advisers L.P. grew its stake in shares of Deckers Outdoor Corporation by 401.9% during the second quarter. Parallax Volatility Advisers L.P. now owns 2,654 shares of the textile maker’s stock valued at $181,000 after purchasing an additional 3,533 shares during the last quarter. 99.34% of the stock is currently owned by institutional investors and hedge funds.
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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