Cowen Boosts Deckers Outdoor (NYSE:DECK) Price Target to $407.00

Deckers Outdoor (NYSE:DECKGet Rating) had its price target hoisted by Cowen from $358.00 to $407.00 in a report published on Friday, Stock Target Advisor reports. The brokerage currently has an outperform rating on the textile maker’s stock.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group reduced their price target on Deckers Outdoor from $525.00 to $450.00 and set a buy rating for the company in a report on Friday, February 4th. Cowen increased their target price on Deckers Outdoor from $358.00 to $407.00 in a report on Friday. BTIG Research increased their target price on Deckers Outdoor from $480.00 to $487.00 and gave the company a buy rating in a report on Friday, February 4th. StockNews.com began coverage on Deckers Outdoor in a report on Thursday, March 31st. They set a hold rating for the company. Finally, Robert W. Baird reduced their target price on Deckers Outdoor from $525.00 to $375.00 and set an outperform rating for the company in a report on Friday. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus price target of $409.45.

NYSE DECK opened at $248.13 on Friday. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 15.22 and a beta of 0.84. Deckers Outdoor has a twelve month low of $212.93 and a twelve month high of $451.49. The stock has a 50-day moving average of $266.30 and a 200 day moving average of $315.92.

Deckers Outdoor (NYSE:DECKGet Rating) last released its quarterly earnings results on Thursday, May 19th. The textile maker reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $1.19. The company had revenue of $736.00 million during the quarter, compared to analysts’ expectations of $639.81 million. Deckers Outdoor had a return on equity of 30.49% and a net margin of 14.35%. Deckers Outdoor’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. As a group, equities analysts anticipate that Deckers Outdoor will post 17.54 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of DECK. Amundi Pioneer Asset Management Inc. purchased a new position in Deckers Outdoor in the first quarter worth approximately $2,940,000. Morgan Stanley grew its position in Deckers Outdoor by 62.8% in the second quarter. Morgan Stanley now owns 122,378 shares of the textile maker’s stock worth $47,002,000 after acquiring an additional 47,223 shares during the period. CIBC Asset Management Inc grew its position in Deckers Outdoor by 8.0% in the third quarter. CIBC Asset Management Inc now owns 1,108 shares of the textile maker’s stock worth $399,000 after acquiring an additional 82 shares during the period. Allianz Asset Management GmbH grew its position in Deckers Outdoor by 11.2% in the third quarter. Allianz Asset Management GmbH now owns 55,106 shares of the textile maker’s stock worth $19,849,000 after acquiring an additional 5,530 shares during the period. Finally, Panagora Asset Management Inc. grew its position in Deckers Outdoor by 24.1% in the third quarter. Panagora Asset Management Inc. now owns 1,062 shares of the textile maker’s stock worth $383,000 after acquiring an additional 206 shares during the period. 96.81% of the stock is owned by hedge funds and other institutional investors.

About Deckers Outdoor (Get Rating)

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

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Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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