Deckers Outdoor (NYSE:DECK) Price target raised to $400.00 at UBS Group
Deckers Outdoor (NYSE: DECK – Get a Grade) had its price target raised by UBS Group from $378.00 to $400.00 in a research note released on Friday, Marketbeat.com reports. UBS Group currently has a buy rating on shares of the textile maker.
DECK has been the subject of several other research reports. Cowen raised its target price on Deckers Outdoor from $407.00 to $415.00 in a research report on Friday. StockNews.com began covering Deckers Outdoor in a research report on Thursday, March 31. They have set a holding rating on the stock. Wedbush raised its price target on Deckers Outdoor from $292.00 to $312.00 and gave the stock a neutral rating in a Thursday, July 21 research report. Stifel Nicolaus raised his price target on Deckers Outdoor from $338.00 to $339.00 in a Wednesday, July 20 research report. Finally, Wells Fargo & Company began covering Deckers Outdoor in a research report on Monday, June 27. They set an equal weighting and a price target of $280.00 on the stock. Four research analysts gave the stock a hold rating and eight gave the company a buy rating. According to MarketBeat, the stock currently has a Moderate Buy consensus rating and an average price target of $383.00.
Deckers Outdoor Stock Performance
NYSE DECK shares opened at $314.01 on Friday. Deckers Outdoor has a fifty-two week low of $212.93 and a fifty-two week high of $451.49. The company has a market capitalization of $8.33 billion, a PE ratio of 19.32 and a beta of 0.91. The stock’s 50-day simple moving average is $268.76 and its 200-day simple moving average is $275.17.
Deckers Outdoor (NYSE:DECK – Get Rating) last released its results on Thursday, May 19. The textile maker reported earnings per share of $2.51 for the quarter, beating the consensus estimate of $1.35 by $1.16. Deckers Outdoor had a return on equity of 29.72% and a net margin of 13.76%. The company posted revenue of $736.00 million for the quarter, versus analyst estimates of $639.81 million. In the same quarter last year, the company achieved EPS of $1.18. The company’s quarterly revenue increased 31.1% year over year. On average, sell-side analysts expect Deckers Outdoor to post earnings per share of 18.06 for the current fiscal year.
Deckers Outdoor announced that its board of directors authorized a stock repurchase plan on Thursday, July 28 that sees the company repurchase $1.20 billion in outstanding stock. This repurchase authorization allows the textile manufacturer to repurchase up to 14.4% of its shares through purchases on the open market. Stock buyback plans are usually an indication that the company’s board of directors believe its stock is undervalued.
Deckers Outdoor Institutional Trading
A number of institutional investors have recently changed their DECK holdings. Kestra Advisory Services LLC increased its stake in shares of Deckers Outdoor by 13.1% in the fourth quarter. Kestra Advisory Services LLC now owns 684 shares of the textile maker valued at $251,000 after buying 79 additional shares last quarter. Strs Ohio increased its stake in Deckers Outdoor by 17.4% during the fourth quarter. Strs Ohio now owns 3,290 shares of the textile maker worth $1,205,000 after buying 487 additional shares in the last quarter. National Bank of Canada FI acquired a new position in Deckers Outdoor during the fourth quarter worth $288,000. Van ECK Associates Corp increased its stake in Deckers Outdoor by 21.1% during the fourth quarter. Van ECK Associates Corp now owns 661 shares of the textile maker worth $242,000 after buying 115 more shares in the last quarter. Finally, Méritage Portfolio Management increased its stake in Deckers Outdoor by 10.2% during the fourth quarter. Meritage Investment Management now owns 1,041 shares of the textile maker worth $381,000 after buying 96 additional shares in the last quarter. 96.81% of the shares are currently held by hedge funds and other institutional investors.
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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