Deckers Outdoor Corporation (NYSE:DECK) has been given a $82.00 price target by stock analysts at Jefferies Group LLC in a research report issued to clients and investors on Sunday. The firm presently has a “buy” rating on the textile maker’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 16.11% from the stock’s current price.
A number of other research analysts have also recently commented on the company. BidaskClub raised Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a research note on Saturday. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $57.00 target price (down previously from $60.00) on shares of Deckers Outdoor Corporation in a research note on Monday, July 24th. Stifel Nicolaus upped their target price on Deckers Outdoor Corporation from $74.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, October 6th. Piper Jaffray Companies set a $66.00 target price on Deckers Outdoor Corporation and gave the company a “hold” rating in a research note on Thursday, July 27th. Finally, Canaccord Genuity set a $76.00 price target on Deckers Outdoor Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $68.79.
Shares of Deckers Outdoor Corporation (DECK) opened at 70.62 on Friday. 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 has a 12-month low of $44.00 and a 12-month high of $73.45. The stock has a market cap of $2.26 billion, a PE ratio of 101.47 and a beta of 1.33.
Deckers Outdoor Corporation (NYSE:DECK) last released its earnings results on Thursday, October 26th. The textile maker reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.52. The firm had revenue of $482.50 million for the quarter, compared to analysts’ expectations of $440.11 million. Deckers Outdoor Corporation had a return on equity of 15.23% and a net margin of 1.80%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 earnings per share. Equities research analysts expect that Deckers Outdoor Corporation will post $4.24 earnings per share for the current year.
Deckers Outdoor Corporation announced that its board has authorized a share 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 reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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A number of institutional investors have recently bought and sold shares of DECK. BlackRock Inc. lifted its holdings in Deckers Outdoor Corporation by 16,546.5% during the first quarter. BlackRock Inc. now owns 3,303,169 shares of the textile maker’s stock worth $197,298,000 after buying an additional 3,283,326 shares during the period. Morgan Stanley lifted its holdings in shares of Deckers Outdoor Corporation by 71.9% during the 1st quarter. Morgan Stanley now owns 497,757 shares of the textile maker’s stock valued at $29,731,000 after purchasing an additional 208,219 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Deckers Outdoor Corporation by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,546,161 shares of the textile maker’s stock valued at $173,801,000 after purchasing an additional 174,844 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Deckers Outdoor Corporation by 135.4% during the 2nd quarter. Principal Financial Group Inc. now owns 303,849 shares of the textile maker’s stock valued at $20,741,000 after purchasing an additional 174,759 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Deckers Outdoor Corporation by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 2,603,090 shares of the textile maker’s stock valued at $155,483,000 after purchasing an additional 151,002 shares during the last quarter. Institutional investors own 99.34% of the company’s stock.
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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