Deckers Outdoor (NYSE:DECK) Price Target Raised to $200.00 at Jefferies Financial Group

Deckers Outdoor (NYSE:DECK) had its price objective boosted by Jefferies Financial Group from $175.00 to $200.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. Jefferies Financial Group currently has a buy rating on the textile maker’s stock. Jefferies Financial Group also issued estimates for Deckers Outdoor’s Q4 2020 earnings at $0.27 EPS, FY2020 earnings at $9.32 EPS, Q1 2021 earnings at ($1.83) EPS, FY2021 earnings at $6.85 EPS and FY2022 earnings at $9.73 EPS.

A number of other research analysts also recently weighed in on the stock. Citigroup decreased their target price on shares of Deckers Outdoor from $180.00 to $175.00 and set a buy rating for the company in a research report on Monday, April 20th. Wedbush lifted their price objective on shares of Deckers Outdoor from $145.00 to $155.00 and gave the company an outperform rating in a research report on Monday, May 18th. Susquehanna Bancshares lifted their price objective on shares of Deckers Outdoor from $175.00 to $200.00 in a research report on Friday. Pivotal Research lifted their price objective on shares of Deckers Outdoor from $165.00 to $200.00 and gave the company a buy rating in a research report on Friday. Finally, Zacks Investment Research raised shares of Deckers Outdoor from a sell rating to a hold rating and set a $158.00 price objective for the company in a research report on Monday, April 13th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $188.94.

Deckers Outdoor stock traded up $11.21 during mid-day trading on Friday, reaching $179.24. The company’s stock had a trading volume of 1,086,938 shares, compared to its average volume of 410,381. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.64 and a beta of 0.90. Deckers Outdoor has a 12 month low of $78.70 and a 12 month high of $203.19. The business’s 50 day simple moving average is $142.30 and its 200 day simple moving average is $160.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.10 and a current ratio of 2.89.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, May 21st. The textile maker reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.48. The business had revenue of $374.90 million during the quarter, compared to the consensus estimate of $355.40 million. Deckers Outdoor had a net margin of 12.95% and a return on equity of 27.29%. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, sell-side analysts expect that Deckers Outdoor will post 6.93 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of DECK. Melvin Capital Management LP acquired a new stake in shares of Deckers Outdoor during the 1st quarter worth about $90,450,000. Samlyn Capital LLC acquired a new stake in shares of Deckers Outdoor during the 4th quarter worth about $96,977,000. Alliancebernstein L.P. raised its stake in Deckers Outdoor by 135.7% in the 4th quarter. Alliancebernstein L.P. now owns 728,081 shares of the textile maker’s stock worth $122,944,000 after purchasing an additional 419,145 shares in the last quarter. Norges Bank acquired a new stake in Deckers Outdoor in the 4th quarter worth about $66,379,000. Finally, Rothschild & Co. Asset Management US Inc. acquired a new stake in Deckers Outdoor in the 1st quarter worth about $27,938,000. Institutional investors own 96.00% of the company’s stock.

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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Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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