Deckers Outdoor Corp.’s (DECK) “Buy” Rating Reaffirmed at Canaccord Genuity
A number of other equities analysts have also issued reports on DECK. B. Riley reaffirmed a neutral rating and set a $57.00 target price on shares of Deckers Outdoor Corp. in a research report on Thursday, October 27th. Jefferies Group reaffirmed a buy rating on shares of Deckers Outdoor Corp. in a research report on Sunday, September 4th. Zacks Investment Research raised shares of Deckers Outdoor Corp. from a strong sell rating to a hold rating in a research report on Tuesday, November 15th. Piper Jaffray Cos. set a $63.00 target price on shares of Deckers Outdoor Corp. and gave the stock a hold rating in a research report on Thursday, October 27th. Finally, Telsey Advisory Group lowered their price target on shares of Deckers Outdoor Corp. from $78.00 to $72.00 and set an outperform rating on the stock in a report on Friday, October 28th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $58.52.
Shares of Deckers Outdoor Corp. (NYSE:DECK) opened at 59.48 on Wednesday. The company has a market capitalization of $1.91 billion, a P/E ratio of 17.11 and a beta of 0.88. The company has a 50-day moving average of $57.23 and a 200 day moving average of $59.06. Deckers Outdoor Corp. has a 12 month low of $40.74 and a 12 month high of $69.94.
Deckers Outdoor Corp. (NYSE:DECK) last announced its earnings results on Thursday, October 27th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.04. Deckers Outdoor Corp. had a net margin of 6.19% and a return on equity of 14.80%. The business had revenue of $485.90 million for the quarter, compared to analyst estimates of $495.75 million. During the same quarter in the previous year, the firm posted $1.17 earnings per share. Deckers Outdoor Corp.’s revenue was down .2% compared to the same quarter last year. Analysts forecast that Deckers Outdoor Corp. will post $4.15 EPS for the current year.
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Several hedge funds have recently made changes to their positions in the stock. LPL Financial LLC boosted its stake in shares of Deckers Outdoor Corp. by 2.4% in the third quarter. LPL Financial LLC now owns 8,764 shares of the company’s stock worth $519,000 after buying an additional 204 shares during the period. Credit Suisse AG boosted its stake in Deckers Outdoor Corp. by 8.3% in the third quarter. Credit Suisse AG now owns 51,384 shares of the company’s stock worth $3,059,000 after buying an additional 3,922 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Deckers Outdoor Corp. by 66.6% in the third quarter. Ameritas Investment Partners Inc. now owns 12,573 shares of the company’s stock worth $749,000 after buying an additional 5,027 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Deckers Outdoor Corp. during the third quarter worth about $3,866,000. Finally, HighTower Advisors LLC acquired a new stake in Deckers Outdoor Corp. during the third quarter worth about $257,000.
Deckers Outdoor Corp. 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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