Deckers Outdoor Corporation (NYSE:DECK) Given a $66.00 Price Target by Piper Jaffray Companies Analysts
Piper Jaffray Companies set a $66.00 price objective on Deckers Outdoor Corporation (NYSE:DECK) in a research note released on Thursday. The brokerage currently has a hold rating on the textile maker’s stock.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Deckers Outdoor Corporation from a buy rating to a hold rating in a research report on Wednesday, May 10th. Citigroup Inc. increased their target price 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 restated a neutral rating and set a $60.00 target price (up previously from $50.00) on shares of Deckers Outdoor Corporation in a research report on Monday, May 1st. Jefferies Group LLC restated a buy rating and set a $60.00 target price on shares of Deckers Outdoor Corporation in a research report on Wednesday, April 26th. Finally, Wedbush initiated coverage on Deckers Outdoor Corporation in a research report on Tuesday, April 11th. They set a neutral rating and a $52.00 target price on the stock. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $66.86.
Deckers Outdoor Corporation (NYSE:DECK) opened at 65.44 on Thursday. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $72.72. The firm has a 50-day moving average price of $66.90 and a 200 day moving average price of $59.98. The firm has a market capitalization of $2.09 billion, a PE ratio of 94.02 and a beta of 1.28.
Deckers Outdoor Corporation (NYSE:DECK) last posted its earnings results on Thursday, July 27th. The textile maker reported ($1.28) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.67) by $0.39. The firm had revenue of $209.70 million for the quarter, compared to the consensus estimate of $178.36 million. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.80) earnings per share. Analysts anticipate that Deckers Outdoor Corporation will post $4.04 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Parametrica Management Ltd purchased a new stake in Deckers Outdoor Corporation during the first quarter worth $214,000. TIAA CREF Investment Management LLC increased its stake in Deckers Outdoor Corporation by 49.1% in the first quarter. TIAA CREF Investment Management LLC now owns 140,397 shares of the textile maker’s stock worth $8,386,000 after buying an additional 46,221 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Deckers Outdoor Corporation by 43.2% in the first quarter. Canada Pension Plan Investment Board now owns 44,085 shares of the textile maker’s stock worth $2,633,000 after buying an additional 13,300 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in 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 worth $126,000 after buying an additional 55 shares during the last quarter. Finally, Robecosam AG increased its stake in Deckers Outdoor Corporation by 100.8% in the first quarter. Robecosam AG now owns 45,970 shares of the textile maker’s stock worth $2,743,000 after buying an additional 23,080 shares during the last quarter.
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.
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