Deckers Outdoor Corp (DECK) Receives $112.85 Consensus Target Price from Brokerages

Deckers Outdoor Corp (NYSE:DECK) has earned an average recommendation of “Hold” from the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $114.17.

Several analysts recently commented on the company. Wedbush lifted their price objective on Deckers Outdoor from $100.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Pivotal Research set a $120.00 target price on Deckers Outdoor and gave the company a “hold” rating in a research report on Wednesday, October 24th. UBS Group upgraded Deckers Outdoor to a “neutral” rating in a research report on Thursday, August 23rd. Canaccord Genuity set a $137.00 target price on Deckers Outdoor and gave the company a “buy” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research downgraded Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 16th.

Several institutional investors have recently made changes to their positions in the company. MERIAN GLOBAL INVESTORS UK Ltd lifted its position in shares of Deckers Outdoor by 5.8% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 808,573 shares of the textile maker’s stock valued at $95,880,000 after acquiring an additional 44,300 shares in the last quarter. Northern Trust Corp lifted its position in shares of Deckers Outdoor by 2.4% in the second quarter. Northern Trust Corp now owns 752,880 shares of the textile maker’s stock valued at $84,993,000 after acquiring an additional 17,775 shares in the last quarter. FMR LLC lifted its position in shares of Deckers Outdoor by 13.2% in the second quarter. FMR LLC now owns 703,314 shares of the textile maker’s stock valued at $79,397,000 after acquiring an additional 82,214 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Deckers Outdoor by 30.9% in the second quarter. Renaissance Technologies LLC now owns 575,100 shares of the textile maker’s stock valued at $64,923,000 after acquiring an additional 135,900 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Deckers Outdoor by 13.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 435,267 shares of the textile maker’s stock valued at $49,138,000 after acquiring an additional 51,685 shares in the last quarter.

Shares of DECK traded up $5.35 during trading hours on Tuesday, hitting $127.11. The stock had a trading volume of 17,086 shares, compared to its average volume of 630,670. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 1.26. Deckers Outdoor has a 12 month low of $63.32 and a 12 month high of $125.12. The firm has a market capitalization of $3.48 billion, a P/E ratio of 22.11, a PEG ratio of 1.42 and a beta of 1.07.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 25th. The textile maker reported $2.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.66. Deckers Outdoor had a return on equity of 23.27% and a net margin of 7.69%. The company had revenue of $501.91 million during the quarter, compared to analyst estimates of $496.22 million. During the same quarter in the previous year, the company posted $1.54 earnings per share. Analysts expect that Deckers Outdoor will post 6.78 EPS for the current fiscal year.

About Deckers Outdoor

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

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Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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