Jefferies Group LLC set a $74.00 price objective on Deckers Outdoor Corporation (NYSE:DECK) in a report published on Saturday morning. The brokerage currently has a buy rating on the textile maker’s stock.

DECK has been the topic of a number of other research reports. Susquehanna Bancshares Inc reiterated a neutral rating and set a $60.00 price objective on shares of Deckers Outdoor Corporation in a research note on Monday, May 29th. ValuEngine lowered shares of Deckers Outdoor Corporation from a buy rating to a hold rating in a research note on Thursday, June 22nd. Citigroup Inc. lifted their price objective on shares of Deckers Outdoor Corporation from $49.00 to $61.00 and gave the company a neutral rating in a research note on Monday, April 3rd. B. Riley reiterated a neutral rating and set a $68.00 price objective on shares of Deckers Outdoor Corporation in a research note on Saturday, May 27th. Finally, Canaccord Genuity reiterated a buy rating and set a $69.00 price objective on shares of Deckers Outdoor Corporation in a research note on Tuesday, May 23rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $66.86.

Shares of Deckers Outdoor Corporation (NYSE DECK) opened at 65.75 on Friday. The stock has a 50 day moving average of $66.63 and a 200-day moving average of $60.10. Deckers Outdoor Corporation has a 1-year low of $44.00 and a 1-year high of $72.72. The stock has a market capitalization of $2.10 billion, a P/E ratio of 365.28 and a beta of 1.28.

Deckers Outdoor Corporation (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.67) by $0.39. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. 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 firm posted ($1.80) earnings per share. Deckers Outdoor Corporation’s revenue for the quarter was up 20.2% compared to the same quarter last year. Equities research analysts predict that Deckers Outdoor Corporation will post $4.04 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board increased its position in shares of Deckers Outdoor Corporation by 23.6% in the second quarter. Canada Pension Plan Investment Board now owns 54,485 shares of the textile maker’s stock valued at $3,719,000 after buying an additional 10,400 shares during the period. Trexquant Investment LP purchased a new position in shares of Deckers Outdoor Corporation during the second quarter valued at about $1,044,000. Palisade Capital Management LLC NJ increased its position in shares of Deckers Outdoor Corporation by 2.5% in the second quarter. Palisade Capital Management LLC NJ now owns 255,347 shares of the textile maker’s stock valued at $17,430,000 after buying an additional 6,155 shares during the period. Sei Investments Co. increased its position in shares of Deckers Outdoor Corporation by 1,053.7% in the second quarter. Sei Investments Co. now owns 17,063 shares of the textile maker’s stock valued at $1,164,000 after buying an additional 15,584 shares during the period. Finally, Texas Permanent School Fund increased its position in shares of Deckers Outdoor Corporation by 1.0% in the second quarter. Texas Permanent School Fund now owns 23,356 shares of the textile maker’s stock valued at $1,594,000 after buying an additional 233 shares during the period.

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.

Analyst Recommendations for Deckers Outdoor Corporation (NYSE:DECK)

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