Deckers Outdoor (DECK) Price Target Raised to $115.00 at Buckingham Research

Deckers Outdoor (NYSE:DECK) had its price objective raised by Buckingham Research from $109.00 to $115.00 in a report released on Friday. Buckingham Research currently has a neutral rating on the textile maker’s stock.

Several other equities research analysts have also issued reports on the stock. UBS Group upgraded shares of Deckers Outdoor to a neutral rating in a research note on Thursday, August 23rd. Susquehanna Bancshares upgraded shares of Deckers Outdoor from a negative rating to a neutral rating and lifted their price target for the company from $89.00 to $104.00 in a research note on Thursday, August 23rd. Stifel Nicolaus lowered shares of Deckers Outdoor from a buy rating to a hold rating and lifted their price target for the company from $120.00 to $123.00 in a research note on Friday, July 27th. They noted that the move was a valuation call. Pivotal Research set a $119.00 price target on shares of Deckers Outdoor and gave the company a hold rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research lowered shares of Deckers Outdoor from a strong-buy rating to a hold rating in a research note on Tuesday, October 16th. Twelve research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Deckers Outdoor presently has a consensus rating of Hold and an average target price of $113.57.

Shares of NYSE:DECK opened at $115.69 on Friday. The company has a current ratio of 2.93, a quick ratio of 1.70 and a debt-to-equity ratio of 0.03. Deckers Outdoor has a 12 month low of $63.32 and a 12 month high of $124.68. The firm has a market cap of $3.48 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.50 and a beta of 1.07.



Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 25th. The textile maker reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.66. Deckers Outdoor had a net margin of 7.69% and a return on equity of 22.59%. The firm had revenue of $501.91 million for the quarter, compared to analyst estimates of $496.22 million. During the same period in the previous year, the business earned $1.54 EPS. Research analysts predict that Deckers Outdoor will post 6.78 earnings per share for the current fiscal year.

In other news, Director Brian Spaly acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The stock was bought at an average price of $113.17 per share, with a total value of $113,170.00. Following the transaction, the director now directly owns 1,087 shares in the company, valued at approximately $123,015.79. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. bought a new position in shares of Deckers Outdoor in the 3rd quarter valued at about $509,000. Robeco Institutional Asset Management B.V. grew its position in shares of Deckers Outdoor by 102.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 20,343 shares of the textile maker’s stock valued at $2,354,000 after acquiring an additional 10,271 shares during the period. First Quadrant L P CA bought a new position in shares of Deckers Outdoor in the 3rd quarter valued at about $651,000. Empowered Funds LLC bought a new position in shares of Deckers Outdoor in the 3rd quarter valued at about $1,639,000. Finally, Aperio Group LLC grew its position in shares of Deckers Outdoor by 49.7% in the 3rd quarter. Aperio Group LLC now owns 29,553 shares of the textile maker’s stock valued at $3,504,000 after acquiring an additional 9,815 shares during the period.

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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Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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