Deckers Outdoor (DECK) Downgraded by ValuEngine to Hold

ValuEngine lowered shares of Deckers Outdoor (NYSE:DECK) from a buy rating to a hold rating in a research report sent to investors on Thursday.

A number of other analysts have also recently weighed in on DECK. Zacks Investment Research cut shares of Deckers Outdoor from a strong-buy rating to a hold rating in a report on Tuesday, October 16th. restated a hold rating and set a $104.00 target price on shares of Deckers Outdoor in a report on Monday, October 22nd. Canaccord Genuity restated a buy rating and set a $137.00 target price on shares of Deckers Outdoor in a report on Tuesday, October 23rd. Pivotal Research set a $120.00 target price on shares of Deckers Outdoor and gave the stock a hold rating in a report on Wednesday, October 24th. Finally, UBS Group upgraded shares of Deckers Outdoor from a neutral rating to a positive rating in a report on Friday, October 26th. Twelve investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $118.14.

Shares of NYSE:DECK opened at $113.30 on Thursday. The company has a market cap of $3.69 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 1.64 and a beta of 0.74. Deckers Outdoor has a 1-year low of $81.43 and a 1-year high of $137.49. The company has a quick ratio of 1.26, a current ratio of 2.41 and a debt-to-equity ratio of 0.04.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 25th. The textile maker reported $2.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.66. The firm had revenue of $501.91 million during the quarter, compared to analysts’ expectations of $496.22 million. Deckers Outdoor had a net margin of 7.69% and a return on equity of 23.27%. During the same period last year, the firm posted $1.54 earnings per share. As a group, sell-side analysts anticipate that Deckers Outdoor will post 6.82 EPS for the current year.

In related news, Director John Mersman Gibbons sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $134.00, for a total value of $402,000.00. Following the completion of the transaction, the director now owns 28,663 shares of the company’s stock, valued at approximately $3,840,842. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Caroti Stefano sold 1,750 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $130.00, for a total transaction of $227,500.00. Following the completion of the transaction, the insider now directly owns 24,252 shares of the company’s stock, valued at approximately $3,152,760. The disclosure for this sale can be found here. Insiders sold a total of 6,250 shares of company stock valued at $821,965 in the last ninety days. Company insiders own 0.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of DECK. AQR Capital Management LLC boosted its stake in shares of Deckers Outdoor by 37.4% during the 3rd quarter. AQR Capital Management LLC now owns 1,552,467 shares of the textile maker’s stock valued at $184,092,000 after buying an additional 422,981 shares during the period. FMR LLC boosted its stake in shares of Deckers Outdoor by 43.7% during the 3rd quarter. FMR LLC now owns 1,010,311 shares of the textile maker’s stock valued at $119,803,000 after buying an additional 306,997 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd boosted its stake in shares of Deckers Outdoor by 5.8% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 808,573 shares of the textile maker’s stock valued at $95,880,000 after buying an additional 44,300 shares during the period. Northern Trust Corp boosted its stake in shares of Deckers Outdoor by 2.4% during the 2nd quarter. Northern Trust Corp now owns 752,880 shares of the textile maker’s stock valued at $84,993,000 after buying an additional 17,775 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Deckers Outdoor by 29.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 582,742 shares of the textile maker’s stock valued at $69,101,000 after buying an additional 133,290 shares during the period.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

Further Reading: Diversification

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Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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