Deckers Outdoor (NYSE: DECK – Get a Grade) was downgraded by TheStreet research analysts from a “b-” rating to a “c” rating in a research note released Thursday to investors, TheStreetRatingsTable reports.

Other stock analysts have also recently published research reports on the company. Telsey Advisory Group reduced its target price on Deckers Outdoor from $450.00 to $400.00 and set an “outperform” rating on the stock in a Friday, May 20 research note. BTIG Research raised its price target on shares of Deckers Outdoor from $480.00 to $487.00 and gave the stock a “buy” rating in a report on Friday, February 4. StockNews.com picked up coverage of Deckers Outdoor stocks in a Thursday, March 31 research report. They set a “holding” rating for the company. Wedbush lowered its price target on shares of Deckers Outdoor to $292.00 in a Friday, May 20 research note. Finally, Cowen raised his price target on shares of Deckers Outdoor from $358.00 to $407.00 in a Friday, May 20 research note. Three analysts rated the stock with a hold rating and ten gave the company a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $409.45.

DECK opened at $270.57 on Thursday. The company has a 50-day moving average price of $263.62 and a 200-day moving average price of $307.40. The company has a market capitalization of $7.25 billion, a P/E ratio of 16.60 and a beta of 0.84. Deckers Outdoor has a 12-month low of $212.93 and a 12-month high of $451.49.

Deckers Outdoor (NYSE:DECK – Get Rating) last released quarterly earnings data on Thursday, May 19. The textile maker reported earnings per share (EPS) of $2.51 for the quarter, beating analyst consensus estimates of $1.32 from $1.19. Deckers Outdoor had a return on equity of 30.20% and a net margin of 14.35%. The company posted revenue of $736.00 million in the quarter, versus a consensus estimate of $639.81 million. During the same period last year, the company earned earnings per share of $1.18. Deckers Outdoor’s quarterly revenue increased 31.1% year over year. On average, research analysts expect Deckers Outdoor to post an EPS of 18.13 for the current year.

A number of large investors have recently increased or reduced their stakes in DECK. BNP Paribas Arbitrage SA increased its holding of Deckers Outdoor shares by 23.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 14,591 shares of the textile maker valued at $3,995,000 after acquiring 2,754 additional shares last quarter. Lido Advisors LLC increased its holdings of Deckers Outdoor shares by 7.7% in the first quarter. Lido Advisors LLC now owns 1,685 shares of the textile maker valued at $461,000 after acquiring 121 additional shares last quarter. Royal Bank of Canada increased its stake in Deckers Outdoor by 0.8% in the first quarter. Royal Bank of Canada now owns 39,451 shares of the textile maker valued at $10,801,000 after buying 301 more shares in the last quarter. Steadfast Capital Management LP increased its stake in Deckers Outdoor by 8,817.1% in the first quarter. Steadfast Capital Management LP now owns 833,391 shares of the textile maker valued at $228,157,000 after buying an additional 824,045 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Deckers Outdoor during the first quarter at a value of $734,000. 96.81% of the shares are held by institutional investors and hedge funds.

About Deckers Outdoor (Get a rating)

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets and distributes footwear, apparel and accessories for casual lifestyle and high performance activities. The company offers premium footwear, apparel and accessories under the UGG brand; sandals, shoes and boots under the Teva brand; and casual shoes and casual sandals under the Sanuk brand.

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