Deckers Outdoor Corporation (DECK) Rating Lowered to Neutral at UBS AG
Deckers Outdoor Corporation (NYSE:DECK) was downgraded by equities researchers at UBS AG to a “neutral” rating in a research report issued to clients and investors on Monday.
DECK has been the topic of a number of other research reports. Robert W. Baird restated a “hold” rating and set a $67.00 price objective on shares of Deckers Outdoor Corporation in a research note on Friday, October 6th. ValuEngine upgraded Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Telsey Advisory Group raised their price objective on Deckers Outdoor Corporation from $68.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Piper Jaffray Companies set a $66.00 price objective on Deckers Outdoor Corporation and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $57.00 price objective on shares of Deckers Outdoor Corporation in a research note on Thursday, September 14th. Thirteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $67.67.
Shares of Deckers Outdoor Corporation (DECK) opened at 65.83 on Monday. Deckers Outdoor Corporation has a 12 month low of $44.00 and a 12 month high of $72.72. The firm has a 50-day moving average price of $65.80 and a 200-day moving average price of $63.98. The company has a market capitalization of $2.11 billion, a PE ratio of 94.58 and a beta of 1.33.
Deckers Outdoor Corporation (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.67) by $0.39. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The firm had revenue of $209.70 million for the quarter, compared to analyst estimates of $178.36 million. During the same quarter last year, the company earned ($1.80) EPS. The company’s revenue was up 20.2% on a year-over-year basis. On average, equities research analysts predict that Deckers Outdoor Corporation will post $4.08 EPS for the current year.
Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in Deckers Outdoor Corporation by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 910,276 shares of the textile maker’s stock worth $62,136,000 after acquiring an additional 13,757 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Deckers Outdoor Corporation by 49.1% during the 1st quarter. TIAA CREF Investment Management LLC now owns 140,397 shares of the textile maker’s stock worth $8,386,000 after acquiring an additional 46,221 shares during the last quarter. Capital Fund Management S.A. bought a new stake in Deckers Outdoor Corporation during the 2nd quarter worth $848,000. DSAM Partners London Ltd bought a new stake in Deckers Outdoor Corporation during the 2nd quarter worth $1,087,000. Finally, Sei Investments Co. grew its position in Deckers Outdoor Corporation by 1,053.7% during the 2nd quarter. Sei Investments Co. now owns 17,063 shares of the textile maker’s stock worth $1,164,000 after acquiring an additional 15,584 shares during the last quarter. Institutional investors and hedge funds own 99.44% of the company’s stock.
Deckers Outdoor Corporation 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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