Stifel Nicolaus Lifted Deckers Outdoor Corp (DECK) Target Price to $74.00

Stifel Nicolaus Lifted Deckers Outdoor Corp (DECK) Target Price to $74.00

Deckers Outdoor Corp (NYSE:DECK) had its price objective hoisted by Stifel Nicolaus from $70.00 to $74.00 in a research report released on Friday. Stifel Nicolaus currently has a buy rating on the textile maker’s stock.

A number of other equities analysts have also weighed in on DECK. Canaccord Genuity decreased their target price on Deckers Outdoor Corp from $70.00 to $60.00 and set a buy rating for the company in a research report on Monday, February 6th. Zacks Investment Research raised Deckers Outdoor Corp from a sell rating to a hold rating in a research report on Monday, April 10th. Jefferies Group LLC reissued a buy rating and issued a $60.00 target price on shares of Deckers Outdoor Corp in a research report on Sunday, April 2nd. Wedbush assumed coverage on Deckers Outdoor Corp in a research report on Tuesday, April 11th. They issued a neutral rating and a $52.00 target price for the company. Finally, Susquehanna Bancshares Inc reissued a neutral rating and issued a $50.00 target price (up previously from $40.00) on shares of Deckers Outdoor Corp in a research report on Thursday, February 16th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $63.86.

Shares of Deckers Outdoor Corp (NYSE DECK) opened at 67.91 on Friday. The company’s 50-day moving average is $59.40 and its 200-day moving average is $57.40. Deckers Outdoor Corp has a 12-month low of $44.00 and a 12-month high of $69.94. The stock has a market cap of $2.17 billion, a P/E ratio of 381.52 and a beta of 0.88.

Deckers Outdoor Corp (NYSE:DECK) last announced its quarterly earnings results on Thursday, May 25th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.17. The company had revenue of $369.47 million for the quarter, compared to analysts’ expectations of $357.71 million. Deckers Outdoor Corp had a negative net margin of 0.13% and a positive return on equity of 12.45%. Deckers Outdoor Corp’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. On average, equities research analysts anticipate that Deckers Outdoor Corp will post $4.05 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its stake in Deckers Outdoor Corp by 20.9% in the third quarter. New York State Common Retirement Fund now owns 39,518 shares of the textile maker’s stock valued at $2,353,000 after buying an additional 6,818 shares in the last quarter. Teachers Advisors LLC raised its stake in Deckers Outdoor Corp by 0.9% in the third quarter. Teachers Advisors LLC now owns 52,055 shares of the textile maker’s stock valued at $3,100,000 after buying an additional 448 shares in the last quarter. California State Teachers Retirement System raised its stake in Deckers Outdoor Corp by 0.9% in the third quarter. California State Teachers Retirement System now owns 68,741 shares of the textile maker’s stock valued at $4,094,000 after buying an additional 600 shares in the last quarter. Northern Trust Corp raised its stake in Deckers Outdoor Corp by 8.3% in the third quarter. Northern Trust Corp now owns 780,593 shares of the textile maker’s stock valued at $46,484,000 after buying an additional 59,670 shares in the last quarter. Finally, KCG Holdings Inc. raised its stake in Deckers Outdoor Corp by 17.4% in the third quarter. KCG Holdings Inc. now owns 15,525 shares of the textile maker’s stock valued at $925,000 after buying an additional 2,299 shares in the last quarter.

About Deckers Outdoor Corp

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DECK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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