Deckers Outdoor (NYSE:DECK) had its price objective increased by Robert W. Baird from $125.00 to $145.00 in a note issued to investors on Monday, February 4th. The firm presently has a “neutral” rating on the textile maker’s stock. Robert W. Baird’s price target indicates a potential downside of 1.94% from the company’s current price.
A number of other research firms also recently issued reports on DECK. ValuEngine raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. Jefferies Financial Group set a $132.00 price target on shares of Deckers Outdoor and gave the stock a “hold” rating in a report on Saturday, February 2nd. Bank of America reissued a “neutral” rating and issued a $150.00 price target (up from $134.00) on shares of Deckers Outdoor in a report on Friday, February 1st. Citigroup boosted their price target on shares of Deckers Outdoor from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday, November 12th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $164.00 price target (up from $143.00) on shares of Deckers Outdoor in a report on Friday, February 1st. Fourteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Deckers Outdoor has an average rating of “Hold” and an average target price of $129.40.
DECK traded down $0.08 during mid-day trading on Monday, reaching $147.87. 548,636 shares of the stock were exchanged, compared to its average volume of 729,391. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.06 and a quick ratio of 2.19. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 1.52 and a beta of 0.63. Deckers Outdoor has a 1 year low of $85.81 and a 1 year high of $153.30.
Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, January 31st. The textile maker reported $6.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.31 by $1.28. The firm had revenue of $873.80 million for the quarter, compared to the consensus estimate of $826.90 million. Deckers Outdoor had a net margin of 12.87% and a return on equity of 27.09%. During the same period in the previous year, the firm earned $4.97 EPS. As a group, equities analysts anticipate that Deckers Outdoor will post 7.97 EPS for the current year.
Several hedge funds have recently bought and sold shares of DECK. Doyle Wealth Management bought a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $27,000. Penserra Capital Management LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $31,000. Enlightenment Research LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $38,000. Duncker Streett & Co. Inc. bought a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $51,000. Finally, We Are One Seven LLC bought a new position in shares of Deckers Outdoor in the fourth quarter worth approximately $90,000.
About Deckers Outdoor
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.
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