Deckers Outdoor (NYSE:DECK)‘s stock had its “neutral” rating reissued by equities researchers at Wedbush in a research report issued to clients and investors on Tuesday. They currently have a $72.00 target price on the textile maker’s stock, up from their prior target price of $64.00. Wedbush’s price target points to a potential downside of 8.88% from the company’s current price. Wedbush also issued estimates for Deckers Outdoor’s FY2018 earnings at $4.40 EPS and FY2019 earnings at $5.10 EPS. The analysts noted that the move was a valuation call.

A number of other research firms also recently commented on DECK. BidaskClub upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Saturday, October 28th. Morgan Stanley increased their price objective on shares of Deckers Outdoor from $64.50 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 31st. Telsey Advisory Group increased their price objective on shares of Deckers Outdoor from $72.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Stifel Nicolaus restated a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 27th. Finally, Citigroup increased their price objective on shares of Deckers Outdoor from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. Deckers Outdoor has a consensus rating of “Hold” and a consensus price target of $71.69.

Deckers Outdoor (DECK) opened at $79.02 on Tuesday. The firm has a market cap of $2,464.86, a price-to-earnings ratio of 17.21, a P/E/G ratio of 1.69 and a beta of 1.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.26. Deckers Outdoor has a one year low of $44.00 and a one year high of $80.75.

Deckers Outdoor (NYSE:DECK) last announced its earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.52. The firm had revenue of $482.50 million during the quarter, compared to analyst estimates of $440.11 million. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.21 EPS. analysts predict that Deckers Outdoor will post 4.27 earnings per share for the current year.

Deckers Outdoor announced that its Board of Directors has initiated a share buyback plan on Thursday, October 26th that permits the company to repurchase $335.00 million in outstanding shares. This repurchase authorization permits the textile maker to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Several hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC raised its holdings in shares of Deckers Outdoor by 4.3% in the 3rd quarter. Sterling Capital Management LLC now owns 444,139 shares of the textile maker’s stock valued at $30,384,000 after purchasing an additional 18,269 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of Deckers Outdoor by 9.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 556,933 shares of the textile maker’s stock valued at $38,100,000 after purchasing an additional 48,948 shares during the period. California Public Employees Retirement System raised its holdings in shares of Deckers Outdoor by 8.4% in the 3rd quarter. California Public Employees Retirement System now owns 86,699 shares of the textile maker’s stock valued at $5,931,000 after purchasing an additional 6,699 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of Deckers Outdoor by 32.2% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 12,100 shares of the textile maker’s stock valued at $828,000 after purchasing an additional 2,947 shares during the period. Finally, Vident Investment Advisory LLC bought a new stake in shares of Deckers Outdoor in the 3rd quarter valued at about $264,000. 99.57% of the stock is currently owned by institutional investors.

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About Deckers Outdoor

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.

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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