Deckers Outdoor (NYSE:DECK)‘s stock had its “outperform” rating reiterated by equities research analysts at Telsey Advisory Group in a research report issued on Thursday, Briefing.com Automated Import reports. They presently have a $189.00 price objective on the textile maker’s stock, up from their prior price objective of $173.00. Telsey Advisory Group’s target price points to a potential upside of 8.88% from the stock’s previous close.
DECK has been the subject of a number of other research reports. Wells Fargo & Co started coverage on shares of Deckers Outdoor in a report on Tuesday, April 23rd. They issued a “market perform” rating and a $163.00 price target for the company. Macquarie set a $155.00 price target on shares of Deckers Outdoor and gave the company a “hold” rating in a report on Tuesday. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $161.00 target price (up previously from $150.00) on shares of Deckers Outdoor in a report on Wednesday, February 27th. Zacks Investment Research lowered shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Bank of America raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $150.00 to $180.00 in a report on Tuesday, May 21st. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Deckers Outdoor currently has a consensus rating of “Hold” and an average price target of $146.50.
Shares of NYSE:DECK traded up $1.28 during trading on Thursday, reaching $173.58. The stock had a trading volume of 3,426 shares, compared to its average volume of 635,055. Deckers Outdoor has a 52 week low of $101.69 and a 52 week high of $172.44. The company has a current ratio of 4.37, a quick ratio of 3.26 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $4.89 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.71 and a beta of 0.75.
Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, May 23rd. The textile maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.75. The business had revenue of $394.10 million during the quarter, compared to analyst estimates of $378.82 million. Deckers Outdoor had a net margin of 13.08% and a return on equity of 27.32%. Deckers Outdoor’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. As a group, analysts forecast that Deckers Outdoor will post 8.45 EPS for the current fiscal year.
In other news, insider Andrea O’donnell sold 2,100 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $153.13, for a total value of $321,573.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauri M. Shanahan sold 1,813 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $155.53, for a total transaction of $281,975.89. Following the completion of the transaction, the director now directly owns 12,131 shares of the company’s stock, valued at approximately $1,886,734.43. The disclosure for this sale can be found here. Insiders have sold a total of 5,263 shares of company stock valued at $807,763 in the last ninety days. Company insiders own 0.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Doyle Wealth Management bought a new stake in Deckers Outdoor in the 4th quarter valued at $27,000. Penserra Capital Management LLC bought a new stake in Deckers Outdoor during the 4th quarter worth about $31,000. Quadrant Capital Group LLC lifted its position in Deckers Outdoor by 284.1% during the 1st quarter. Quadrant Capital Group LLC now owns 242 shares of the textile maker’s stock worth $34,000 after buying an additional 179 shares in the last quarter. Enlightenment Research LLC bought a new stake in Deckers Outdoor during the 4th quarter worth about $38,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in Deckers Outdoor during the 1st quarter worth about $84,000.
Deckers Outdoor Company Profile
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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