Deckers Outdoor Corporation (NYSE:DECK) Given a $74.00 Price Target at Stifel Nicolaus

Deckers Outdoor Corporation (NYSE:DECK) received a $74.00 price target from equities researchers at Stifel Nicolaus in a note issued to investors on Sunday, July 30th. The brokerage currently has a “buy” rating on the textile maker’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 14.53% from the company’s previous close.

DECK has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a research report on Monday, April 10th. Jefferies Group LLC set a $68.00 price objective on shares of Deckers Outdoor Corporation and gave the company a “buy” rating in a research report on Saturday, May 27th. Telsey Advisory Group upped their price objective on shares of Deckers Outdoor Corporation from $66.00 to $68.00 and gave the company an “outperform” rating in a research report on Friday, May 26th. Wedbush began coverage on shares of Deckers Outdoor Corporation in a research report on Tuesday, April 11th. They issued a “neutral” rating and a $52.00 price objective for the company. Finally, ValuEngine upgraded shares of Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $67.00.

Shares of Deckers Outdoor Corporation (NYSE:DECK) traded up 1.19% during trading on Friday, hitting $64.61. The stock had a trading volume of 464,290 shares. The stock’s 50 day moving average is $65.84 and its 200 day moving average is $60.36. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $72.72. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 92.83 and a beta of 1.27.

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

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A number of large investors have recently modified their holdings of the stock. Northwestern Mutual Investment Management Company LLC increased its stake in shares of 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 valued at $318,000 after buying an additional 25 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Deckers Outdoor Corporation by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,288 shares of the textile maker’s stock valued at $126,000 after buying an additional 55 shares during the period. Meeder Asset Management Inc. increased its stake in shares of 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 valued at $948,000 after buying an additional 77 shares during the period. Stephens Inc. AR increased its stake in shares of Deckers Outdoor Corporation by 0.5% in the first quarter. Stephens Inc. AR now owns 19,216 shares of the textile maker’s stock valued at $1,148,000 after buying an additional 87 shares during the period. Finally, State Treasurer State of Michigan increased its stake in shares of 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 valued at $776,000 after buying an additional 100 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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