ValuEngine upgraded shares of Deckers Outdoor (NYSE:DECK) from a hold rating to a buy rating in a report issued on Friday morning.
A number of other research analysts have also weighed in on the company. Pivotal Research restated a buy rating and set a $102.00 price objective (up previously from $80.00) on shares of Deckers Outdoor in a research report on Tuesday, January 30th. Canaccord Genuity restated a buy rating and set a $100.00 price objective (up previously from $78.00) on shares of Deckers Outdoor in a research report on Monday, January 29th. Citigroup raised their price objective on Deckers Outdoor to $89.00 and gave the company a neutral rating in a research report on Monday, January 29th. Wedbush restated a neutral rating and set a $83.00 price objective (up previously from $72.00) on shares of Deckers Outdoor in a research report on Thursday, January 25th. They noted that the move was a valuation call. Finally, Stifel Nicolaus restated a buy rating and set a $93.00 price objective (up previously from $85.00) on shares of Deckers Outdoor in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $85.00.
Shares of Deckers Outdoor (NYSE DECK) opened at $93.63 on Friday. The company has a current ratio of 3.25, a quick ratio of 2.16 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $2,992.55, a PE ratio of 38.69, a price-to-earnings-growth ratio of 1.59 and a beta of 1.32. Deckers Outdoor has a twelve month low of $44.00 and a twelve month high of $98.62.
Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, February 1st. The textile maker reported $4.97 EPS for the quarter, beating the Zacks’ consensus estimate of $3.84 by $1.13. The business had revenue of $810.50 million for the quarter, compared to analysts’ expectations of $748.38 million. Deckers Outdoor had a return on equity of 17.72% and a net margin of 4.17%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $4.11 earnings per share. equities research analysts predict that Deckers Outdoor will post 5.39 EPS for the current year.
Deckers Outdoor declared that its board has approved a stock buyback program on Thursday, October 26th that authorizes the company to repurchase $335.00 million in shares. This repurchase authorization authorizes the textile maker to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DECK. Flinton Capital Management LLC grew its position in Deckers Outdoor by 74.2% in the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after acquiring an additional 736 shares in the last quarter. Contravisory Investment Management Inc. grew its position in Deckers Outdoor by 21,160.0% in the fourth quarter. Contravisory Investment Management Inc. now owns 2,126 shares of the textile maker’s stock worth $171,000 after acquiring an additional 2,116 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Deckers Outdoor by 91.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after acquiring an additional 1,213 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Deckers Outdoor in the third quarter worth about $202,000. Finally, Lourd Capital LLC purchased a new position in Deckers Outdoor in the fourth quarter worth about $231,000. Institutional investors own 99.56% of the company’s stock.
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.
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