Deckers Outdoor (DECK) Given a $105.00 Price Target by Macquarie Analysts

Deckers Outdoor (NYSE:DECK) received a $105.00 target price from equities research analysts at Macquarie in a research note issued to investors on Tuesday. The firm presently has a “hold” rating on the textile maker’s stock. Macquarie’s price target points to a potential downside of 16.47% from the company’s previous close.

A number of other equities research analysts have also recently weighed in 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 boosted their price target for the stock from $89.00 to $104.00 in a research report on Thursday, August 23rd. Buckingham Research boosted their price target on shares of Deckers Outdoor from $99.00 to $109.00 and gave the stock a “neutral” rating in a research report on Thursday, August 16th. ValuEngine cut shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, Stifel Nicolaus cut shares of Deckers Outdoor from a “buy” rating to a “hold” rating and boosted their price target for the stock from $120.00 to $123.00 in a research report on Friday, July 27th. They noted that the move was a valuation call. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $113.00.

Shares of NYSE DECK traded up $3.94 during midday trading on Tuesday, reaching $125.70. 32,552 shares of the company traded hands, compared to its average volume of 630,670. Deckers Outdoor has a 52 week low of $63.32 and a 52 week high of $125.12. The company has a quick ratio of 1.26, a current ratio of 2.41 and a debt-to-equity ratio of 0.04. The stock has a market cap of $3.48 billion, a P/E ratio of 22.04, a P/E/G 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.66. Deckers Outdoor had a net margin of 7.69% and a return on equity of 23.27%. The business had revenue of $501.91 million for the quarter, compared to analysts’ expectations of $496.22 million. During the same period in the previous year, the business earned $1.54 earnings per share. On average, sell-side analysts anticipate that Deckers Outdoor will post 6.78 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. MERIAN GLOBAL INVESTORS UK Ltd increased its stake in Deckers Outdoor by 5.8% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 808,573 shares of the textile maker’s stock worth $95,880,000 after purchasing an additional 44,300 shares in the last quarter. Northern Trust Corp increased its stake in Deckers Outdoor by 2.4% in the 2nd quarter. Northern Trust Corp now owns 752,880 shares of the textile maker’s stock worth $84,993,000 after purchasing an additional 17,775 shares in the last quarter. FMR LLC increased its stake in Deckers Outdoor by 13.2% in the 2nd quarter. FMR LLC now owns 703,314 shares of the textile maker’s stock worth $79,397,000 after purchasing an additional 82,214 shares in the last quarter. Renaissance Technologies LLC increased its stake in Deckers Outdoor by 30.9% in the 2nd quarter. Renaissance Technologies LLC now owns 575,100 shares of the textile maker’s stock worth $64,923,000 after purchasing an additional 135,900 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Deckers Outdoor by 13.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 435,267 shares of the textile maker’s stock worth $49,138,000 after purchasing an additional 51,685 shares in the last quarter.

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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