Deckers Outdoor Corporation (DECK) PT Set at $76.00 by Canaccord Genuity
Canaccord Genuity set a $76.00 target price on Deckers Outdoor Corporation (NYSE:DECK) in a research note issued to investors on Thursday. The firm currently has a buy rating on the textile maker’s stock.
Several other research analysts have also commented on the company. Zacks Investment Research lowered Deckers Outdoor Corporation from a buy rating to a hold rating in a research report on Wednesday, May 10th. Citigroup Inc. lifted their price target on Deckers Outdoor Corporation from $49.00 to $61.00 and gave the stock a neutral rating in a research report on Monday, April 3rd. Susquehanna Bancshares Inc reaffirmed a neutral rating and set a $60.00 price target (up previously from $50.00) on shares of Deckers Outdoor Corporation in a research report on Monday, May 1st. Jefferies Group LLC reaffirmed a buy rating and set a $60.00 price target on shares of Deckers Outdoor Corporation in a research report on Wednesday, April 26th. Finally, Wedbush started coverage on Deckers Outdoor Corporation in a research report on Tuesday, April 11th. They set a neutral rating and a $52.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $66.86.
Shares of Deckers Outdoor Corporation (NYSE DECK) opened at 65.44 on Thursday. Deckers Outdoor Corporation has a 12 month low of $44.00 and a 12 month high of $72.72. The company has a 50-day moving average price of $66.90 and a 200-day moving average price of $59.98. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 94.02 and a beta of 1.28.
Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, topping the consensus estimate of ($1.67) by $0.39. The company had revenue of $209.70 million for the quarter, compared to analyst estimates of $178.36 million. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The firm’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.80) earnings per share. On average, analysts expect that Deckers Outdoor Corporation will post $4.04 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. Glen Harbor Capital Management LLC raised its stake in shares of Deckers Outdoor Corporation by 6.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,736 shares of the textile maker’s stock valued at $104,000 after buying an additional 112 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Deckers Outdoor Corporation by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,288 shares of the textile maker’s stock valued at $126,000 after buying an additional 55 shares in the last quarter. Elkfork Partners LLC raised its stake in shares of Deckers Outdoor Corporation by 6.9% in the first quarter. Elkfork Partners LLC now owns 2,108 shares of the textile maker’s stock valued at $126,000 after buying an additional 136 shares in the last quarter. TrimTabs Asset Management LLC bought a new stake in shares of Deckers Outdoor Corporation during the first quarter valued at approximately $131,000. Finally, James Investment Research Inc. bought a new stake in shares of Deckers Outdoor Corporation during the second quarter valued at approximately $148,000.
About Deckers Outdoor Corporation
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.
Receive News & Ratings for Deckers Outdoor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.