Deckers Outdoor (NYSE:DECK) Price Target Raised to $200.00 at Susquehanna Bancshares

Deckers Outdoor (NYSE:DECK) had its price target hoisted by Susquehanna Bancshares from $175.00 to $200.00 in a research note released on Friday, The Fly reports.

Several other analysts have also weighed in on the company. Telsey Advisory Group decreased their price target on Deckers Outdoor from $205.00 to $168.00 and set an outperform rating on the stock in a report on Monday, May 18th. BTIG Research upped their price objective on Deckers Outdoor from $201.00 to $208.00 and gave the company a buy rating in a research report on Friday. Evercore ISI reaffirmed a hold rating and issued a $175.00 price objective on shares of Deckers Outdoor in a research report on Friday, January 31st. Pivotal Research upped their price objective on Deckers Outdoor from $165.00 to $200.00 and gave the company a buy rating in a research report on Friday. Finally, Jefferies Financial Group raised Deckers Outdoor from a hold rating to a buy rating and set a $240.00 price objective on the stock in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $188.94.

NYSE:DECK traded up $11.21 during midday trading on Friday, hitting $179.24. 1,086,938 shares of the company traded hands, compared to its average volume of 410,381. The firm’s fifty day moving average is $142.30 and its 200-day moving average is $160.31. Deckers Outdoor has a 12-month low of $78.70 and a 12-month high of $203.19. The firm has a market capitalization of $4.70 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.64 and a beta of 0.90. The company has a current ratio of 2.89, a quick ratio of 2.10 and a debt-to-equity ratio of 0.20.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.48. Deckers Outdoor had a return on equity of 27.29% and a net margin of 12.95%. The company had revenue of $374.90 million for the quarter, compared to analyst estimates of $355.40 million. During the same quarter in the prior year, the firm posted $0.85 EPS. Deckers Outdoor’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, research analysts expect that Deckers Outdoor will post 6.93 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of DECK. Northwestern Mutual Wealth Management Co. grew its position in shares of Deckers Outdoor by 59.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 344 shares of the textile maker’s stock worth $46,000 after buying an additional 128 shares in the last quarter. Carroll Financial Associates Inc. bought a new position in shares of Deckers Outdoor during the 1st quarter worth $48,000. Duncker Streett & Co. Inc. bought a new position in shares of Deckers Outdoor during the 4th quarter worth $68,000. Quantbot Technologies LP bought a new position in shares of Deckers Outdoor during the 4th quarter worth $112,000. Finally, US Bancorp DE boosted its position in Deckers Outdoor by 126.5% during the first quarter. US Bancorp DE now owns 1,198 shares of the textile maker’s stock valued at $161,000 after purchasing an additional 669 shares in the last quarter. 96.00% of the stock is currently owned by institutional investors and hedge funds.

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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