Deckers Outdoor Corporation (DECK) Given Consensus Rating of “Hold” by Analysts

Shares of Deckers Outdoor Corporation (NYSE:DECK) have earned a consensus recommendation of “Hold” from the eighteen research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $65.18.

DECK has been the topic of a number of recent research reports. Jefferies Group LLC set a $68.00 price target on Deckers Outdoor Corporation and gave the stock a “buy” rating in a research report on Saturday, May 27th. Stifel Nicolaus increased their price target on Deckers Outdoor Corporation from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, May 26th. Canaccord Genuity increased their price target on Deckers Outdoor Corporation from $69.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, May 30th. ValuEngine raised Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised Deckers Outdoor Corporation from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Thursday, June 1st.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Investment Management Company LLC boosted its holdings in Deckers Outdoor Corporation by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,529 shares of the textile maker’s stock worth $318,000 after acquiring an additional 25 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Deckers Outdoor Corporation by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 13,892 shares of the textile maker’s stock worth $948,000 after acquiring an additional 77 shares in the last quarter. Stephens Inc. AR boosted its holdings in Deckers Outdoor Corporation by 0.5% in the first quarter. Stephens Inc. AR now owns 19,216 shares of the textile maker’s stock worth $1,148,000 after acquiring an additional 87 shares in the last quarter. State Treasurer State of Michigan boosted its holdings in Deckers Outdoor Corporation by 0.8% in the first quarter. State Treasurer State of Michigan now owns 13,000 shares of the textile maker’s stock worth $776,000 after acquiring an additional 100 shares in the last quarter. Finally, Advantus Capital Management Inc boosted its holdings in Deckers Outdoor Corporation by 2.6% in the first quarter. Advantus Capital Management Inc now owns 4,089 shares of the textile maker’s stock worth $244,000 after acquiring an additional 102 shares in the last quarter. 99.57% of the stock is owned by institutional investors and hedge funds.

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Shares of Deckers Outdoor Corporation (NYSE DECK) traded up 0.71% during mid-day trading on Friday, hitting $63.54. 167,062 shares of the stock were exchanged. Deckers Outdoor Corporation has a 12 month low of $44.00 and a 12 month high of $72.72. The stock’s 50 day moving average is $63.87 and its 200 day moving average is $62.35. The firm has a market cap of $2.03 billion, a P/E ratio of 91.29 and a beta of 1.23.

Deckers Outdoor Corporation (NYSE:DECK) last posted its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.67) by $0.39. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The business had revenue of $209.70 million for the quarter, compared to the consensus estimate of $178.36 million. During the same quarter in the prior year, the company earned ($1.80) EPS. The business’s revenue was up 20.2% compared to the same quarter last year. Analysts expect that Deckers Outdoor Corporation will post $4.08 EPS for the current fiscal year.

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.

Analyst Recommendations for Deckers Outdoor Corporation (NYSE:DECK)

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