Shares of Deckers Outdoor Corporation (NYSE:DECK – Get Free Report) have been given a consensus rating of “Hold” by the twenty-five ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $105.81.
DECK has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $90.00 target price (down from $105.00) on shares of Deckers Outdoor in a research note on Friday, October 23rd. BMO Capital Markets reissued an “underperform” rating on shares of Deckers Outdoor in a report on Monday. KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, July 24th. Needham & Company LLC reduced their price objective on Deckers Outdoor from $125.00 to $96.00 and set a “buy” rating on the stock in a report on Friday, October 23rd. Finally, BNP Paribas Exane reduced their price objective on Deckers Outdoor from $184.00 to $122.00 and set an “outperform” rating on the stock in a report on Friday, October 23rd.
View Our Latest Research Report on DECK
Deckers Outdoor Stock Performance
Shares of DECK stock opened at $82.07 on Monday. The stock’s fifty day moving average is $82.65 and its 200-day moving average is $99.27. The stock has a market capitalization of $11.18 billion, a PE ratio of 10.88, a PEG ratio of 1.32 and a beta of 1.12. Deckers Outdoor has a 52 week low of $77.20 and a 52 week high of $122.29.
Deckers Outdoor (NYSE:DECK – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The textile maker reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.52. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.82 earnings per share. As a group, analysts forecast that Deckers Outdoor will post 7.90 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Deckers Outdoor
Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Deckers Outdoor during the second quarter worth $1,343,613,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Deckers Outdoor by 21.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,116,595 shares of the textile maker’s stock valued at $210,157,000 after buying an additional 374,923 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Deckers Outdoor by 123.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,803,021 shares of the textile maker’s stock worth $180,464,000 after buying an additional 995,099 shares during the period. Amundi raised its stake in Deckers Outdoor by 13.2% during the 1st quarter. Amundi now owns 1,611,174 shares of the textile maker’s stock worth $161,262,000 after buying an additional 187,702 shares during the period. Finally, Caisse de depot et placement du Quebec acquired a new stake in Deckers Outdoor during the 2nd quarter worth $119,656,000. Institutional investors and hedge funds own 97.79% of the company’s stock.
About Deckers Outdoor
Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.
The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.
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