Deckers Outdoor (NYSE:DECK) has been assigned a $85.00 target price by research analysts at Stifel Nicolaus in a research note issued to investors on Saturday. The firm presently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ target price points to a potential upside of 11.87% from the company’s current price.

Several other equities analysts have also recently weighed in on DECK. ValuEngine upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Susquehanna Bancshares reiterated a “neutral” rating and issued a $57.00 price objective on shares of Deckers Outdoor in a research note on Thursday, September 14th. Piper Jaffray Companies reiterated a “hold” rating and issued a $66.00 price objective on shares of Deckers Outdoor in a research note on Friday, September 29th. BidaskClub upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Finally, Pivotal Research started coverage on shares of Deckers Outdoor in a research note on Thursday, October 5th. They set a “buy” rating and a $80.00 target price on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Deckers Outdoor presently has an average rating of “Hold” and an average target price of $70.15.

Deckers Outdoor (DECK) opened at $75.98 on Friday. Deckers Outdoor has a one year low of $44.00 and a one year high of $78.76. The company has a quick ratio of 1.26, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2,428.72, a P/E ratio of 16.96, a PEG ratio of 1.66 and a beta of 1.26.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.52. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. The firm had revenue of $482.50 million for the quarter, compared to analysts’ expectations of $440.11 million. During the same quarter in the prior year, the business earned $1.21 EPS. The business’s quarterly revenue was down .7% on a year-over-year basis. research analysts expect that Deckers Outdoor will post 4.27 earnings per share for the current fiscal year.

Deckers Outdoor announced that its board has initiated a stock repurchase plan on Thursday, October 26th that authorizes the company to buyback $335.00 million in outstanding shares. This buyback authorization authorizes the textile maker to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Several institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC raised its position in shares of Deckers Outdoor by 0.5% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,529 shares of the textile maker’s stock valued at $318,000 after buying an additional 25 shares during the last quarter. Arizona State Retirement System raised its position in shares of Deckers Outdoor by 1.5% during the second quarter. Arizona State Retirement System now owns 13,500 shares of the textile maker’s stock valued at $922,000 after buying an additional 200 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Deckers Outdoor by 6.6% during the second quarter. Public Employees Retirement System of Ohio now owns 4,370 shares of the textile maker’s stock valued at $298,000 after buying an additional 270 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Deckers Outdoor by 1.7% during the second quarter. Prudential Financial Inc. now owns 21,547 shares of the textile maker’s stock valued at $1,471,000 after buying an additional 367 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of Deckers Outdoor by 7.3% during the second quarter. Thrivent Financial For Lutherans now owns 6,460 shares of the textile maker’s stock valued at $441,000 after buying an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 99.57% of the company’s stock.

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Deckers Outdoor 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 (NYSE:DECK)

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