Piper Jaffray Companies Reiterates Hold Rating for Deckers Outdoor Corporation (DECK)
Deckers Outdoor Corporation (NYSE:DECK)‘s stock had its “hold” rating reissued by Piper Jaffray Companies in a research note issued on Friday. They currently have a $66.00 target price on the textile maker’s stock. Piper Jaffray Companies’ target price points to a potential downside of 3.52% from the company’s current price.
A number of other research firms have also recently commented on DECK. ValuEngine cut Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Morgan Stanley raised their price target on Deckers Outdoor Corporation from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. BidaskClub upgraded Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $57.00 price objective on shares of Deckers Outdoor Corporation in a report on Thursday, September 14th. Finally, Telsey Advisory Group boosted their price objective on Deckers Outdoor Corporation from $68.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $67.00.
Deckers Outdoor Corporation (DECK) traded down 0.03% during midday trading on Friday, reaching $68.39. 154,930 shares of the company were exchanged. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $72.72. The firm has a market capitalization of $2.19 billion, a PE ratio of 98.26 and a beta of 1.33. The company has a 50-day moving average of $63.87 and a 200 day moving average of $62.35.
Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) earnings per share for the quarter, beating the Thomson Reuters’ 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%. Deckers Outdoor Corporation’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.80) EPS. Equities analysts predict that Deckers Outdoor Corporation will post $4.08 earnings per share for the current year.
Several large investors have recently made changes to their positions in DECK. BlackRock Inc. raised its position in shares of Deckers Outdoor Corporation by 16,546.5% in the 1st quarter. BlackRock Inc. now owns 3,303,169 shares of the textile maker’s stock worth $197,298,000 after acquiring an additional 3,283,326 shares in the last quarter. FMR LLC lifted its stake in shares of Deckers Outdoor Corporation by 2.3% during the 1st quarter. FMR LLC now owns 2,770,008 shares of the textile maker’s stock worth $165,452,000 after purchasing an additional 63,382 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Deckers Outdoor Corporation by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 2,622,377 shares of the textile maker’s stock worth $179,002,000 after purchasing an additional 19,287 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Deckers Outdoor Corporation by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,546,161 shares of the textile maker’s stock worth $173,801,000 after purchasing an additional 174,844 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Deckers Outdoor Corporation by 3.6% during the 2nd quarter. State Street Corp now owns 1,039,579 shares of the textile maker’s stock worth $70,962,000 after purchasing an additional 36,356 shares during the last quarter. Institutional investors and hedge funds own 99.57% 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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