Deckers Outdoor (NYSE:DECK) Price Target Raised to $208.00 at BTIG Research

Deckers Outdoor (NYSE:DECK) had its price target lifted by BTIG Research from $201.00 to $208.00 in a research report released on Friday, The Fly reports. The brokerage currently has a buy rating on the textile maker’s stock.

A number of other research analysts also recently weighed in on the stock. Telsey Advisory Group decreased their target price on shares of Deckers Outdoor from $205.00 to $168.00 and set an outperform rating for the company in a research report on Monday, May 18th. Robert W. Baird raised their target price on shares of Deckers Outdoor from $205.00 to $216.00 and gave the company an outperform rating in a research report on Friday, January 31st. Cfra raised their target price on shares of Deckers Outdoor from $190.00 to $210.00 and gave the company a buy rating in a research report on Friday, January 31st. Evercore ISI reaffirmed a hold rating and issued a $175.00 target price on shares of Deckers Outdoor in a research report on Friday, January 31st. Finally, Zacks Investment Research raised shares of Deckers Outdoor from a sell rating to a hold rating and set a $158.00 target price for the company in a research report on Monday, April 13th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Deckers Outdoor has a consensus rating of Buy and a consensus price target of $188.94.

Shares of DECK stock traded up $11.21 during trading hours on Friday, hitting $179.24. 1,086,938 shares of the company were exchanged, compared to its average volume of 410,381. The business has a 50 day moving average of $142.30 and a two-hundred day moving average of $160.31. 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 has a 52 week low of $78.70 and a 52 week high of $203.19. The company has a market capitalization of $4.70 billion, a PE ratio of 18.38, a PEG ratio of 1.64 and a beta of 0.90.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in shares of Deckers Outdoor by 48.4% during the 4th quarter. Bank of America Corp DE now owns 217,697 shares of the textile maker’s stock worth $36,759,000 after buying an additional 71,039 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Deckers Outdoor by 135.7% during the 4th quarter. Alliancebernstein L.P. now owns 728,081 shares of the textile maker’s stock worth $122,944,000 after buying an additional 419,145 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Deckers Outdoor by 7,575.0% during the 4th quarter. Macquarie Group Ltd. now owns 122,800 shares of the textile maker’s stock worth $20,736,000 after buying an additional 121,200 shares during the last quarter. James Investment Research Inc. lifted its stake in shares of Deckers Outdoor by 30.8% during the 4th quarter. James Investment Research Inc. now owns 21,879 shares of the textile maker’s stock worth $3,694,000 after buying an additional 5,154 shares during the last quarter. Finally, Dorsey Wright & Associates lifted its stake in shares of Deckers Outdoor by 2.5% during the 4th quarter. Dorsey Wright & Associates now owns 16,942 shares of the textile maker’s stock worth $2,861,000 after buying an additional 406 shares during the last quarter. Institutional investors own 96.00% of the company’s stock.

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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