Deckers Outdoor (NYSE:DECK) had its target price raised by Susquehanna Bancshares from $200.00 to $235.00 in a report released on Friday morning, The Fly reports.
Other research analysts also recently issued reports about the stock. Stifel Nicolaus lifted their target price on shares of Deckers Outdoor from $180.00 to $200.00 and gave the stock a buy rating in a research note on Friday, May 22nd. Jefferies Financial Group lifted their target price on shares of Deckers Outdoor from $200.00 to $245.00 and gave the stock a buy rating in a research note on Wednesday, June 24th. Telsey Advisory Group decreased their target price on shares of Deckers Outdoor from $205.00 to $168.00 and set an outperform rating on the stock in a research note on Monday, May 18th. Zacks Investment Research raised shares of Deckers Outdoor from a sell rating to a hold rating and set a $158.00 target price on the stock in a research note on Monday, April 13th. Finally, BTIG Research lifted their target price on shares of Deckers Outdoor from $201.00 to $208.00 and gave the stock a buy rating in a research note on Friday, May 22nd. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $202.40.
Shares of DECK opened at $196.04 on Friday. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.57 and a beta of 0.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.93 and a current ratio of 3.97. Deckers Outdoor has a fifty-two week low of $78.70 and a fifty-two week high of $218.18. The firm has a 50 day moving average price of $193.28 and a 200-day moving average price of $167.84.
Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, May 21st. The textile maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.09 by $0.48. Deckers Outdoor had a net margin of 12.95% and a return on equity of 26.45%. The company had revenue of $374.90 million for the quarter, compared to the consensus estimate of $355.40 million. During the same period in the previous year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. As a group, equities research analysts predict that Deckers Outdoor will post 8.12 earnings per share for the current year.
In other news, COO David E. Lafitte sold 500 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $194.24, for a total value of $97,120.00. Following the sale, the chief operating officer now directly owns 29,578 shares of the company’s stock, valued at approximately $5,745,230.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Caroti Stefano sold 4,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $207.45, for a total transaction of $829,800.00. Following the completion of the sale, the insider now directly owns 33,857 shares in the company, valued at $7,023,634.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,832 shares of company stock worth $1,382,955. Insiders own 0.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in DECK. Sunbelt Securities Inc. bought a new position in Deckers Outdoor in the 4th quarter worth about $13,256,000. Northwestern Mutual Wealth Management Co. boosted its stake in Deckers Outdoor by 59.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 344 shares of the textile maker’s stock worth $46,000 after purchasing an additional 128 shares in the last quarter. Carroll Financial Associates Inc. bought a new position in Deckers Outdoor in the 1st quarter worth about $48,000. Pathstone Family Office LLC bought a new position in Deckers Outdoor in the 1st quarter worth about $67,000. Finally, Mount Yale Investment Advisors LLC bought a new position in Deckers Outdoor in the 2nd quarter worth about $209,000. 99.00% of the stock is currently owned by hedge funds and other institutional investors.
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.
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