Buckingham Research set a $68.00 target price on Deckers Outdoor Corporation (NYSE:DECK) in a research note issued to investors on Friday. The brokerage currently has a hold rating on the textile maker’s stock.
DECK has been the subject of several other research reports. Citigroup Inc. upped their target price on Deckers Outdoor Corporation from $70.00 to $74.00 and gave the stock a neutral rating in a research report on Friday. Telsey Advisory Group upped their target price on Deckers Outdoor Corporation from $72.00 to $84.00 and gave the stock an outperform rating in a research report on Friday. Stifel Nicolaus reaffirmed a buy rating on shares of Deckers Outdoor Corporation in a research report on Friday. Canaccord Genuity set a $76.00 target price on Deckers Outdoor Corporation and gave the stock a buy rating in a research report on Wednesday, October 25th. Finally, ValuEngine raised Deckers Outdoor Corporation from a hold rating to a buy rating in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. Deckers Outdoor Corporation has a consensus rating of Hold and an average target price of $69.43.
Deckers Outdoor Corporation (NYSE:DECK) opened at 70.62 on Friday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 101.47 and a beta of 1.33. The company’s 50-day moving average price is $66.74 and its 200 day moving average price is $64.80. Deckers Outdoor Corporation has a 1-year low of $44.00 and a 1-year high of $73.45.
Deckers Outdoor Corporation (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.52. Deckers Outdoor Corporation had a return on equity of 15.23% and a net margin of 1.80%. The firm had revenue of $482.50 million during the quarter, compared to the consensus estimate of $440.11 million. During the same quarter in the previous year, the business earned $1.21 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. On average, equities analysts expect that Deckers Outdoor Corporation will post $4.24 earnings per share for the current fiscal year.
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Deckers Outdoor Corporation announced that its board has authorized a stock repurchase program on Thursday, October 26th that authorizes the company to buyback $335.00 million in shares. This buyback authorization authorizes the textile maker to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DECK. Flinton Capital Management LLC boosted its stake in shares of Deckers Outdoor Corporation by 74.2% during the 2nd 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 in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Deckers Outdoor Corporation by 75.5% in 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 in the last quarter. James Investment Research Inc. purchased a new stake in shares of Deckers Outdoor Corporation in the second quarter valued at $148,000. PNC Financial Services Group Inc. lifted its holdings in shares of Deckers Outdoor Corporation by 91.2% in 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 in the last quarter. Finally, Parallax Volatility Advisers L.P. lifted its holdings in shares of Deckers Outdoor Corporation by 401.9% in 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 in the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.
About Deckers Outdoor Corporation
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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