Deckers Outdoor (NYSE:DECK) Price Target Raised to $125.00 at Piper Jaffray Companies

Deckers Outdoor (NYSE:DECK) had its price objective boosted by Piper Jaffray Companies from $99.00 to $125.00 in a report issued on Friday, July 27th. Piper Jaffray Companies currently has a hold rating on the textile maker’s stock. Piper Jaffray Companies also issued estimates for Deckers Outdoor’s Q2 2019 earnings at $1.70 EPS, Q3 2019 earnings at $5.40 EPS, FY2019 earnings at $6.45 EPS, Q2 2020 earnings at $2.02 EPS, Q3 2020 earnings at $6.01 EPS and FY2020 earnings at $7.38 EPS.

Other analysts have also recently issued reports about the company. Pivotal Research set a $119.00 target price on Deckers Outdoor and gave the stock a hold rating in a research note on Wednesday, July 25th. ValuEngine cut Deckers Outdoor from a strong-buy rating to a buy rating in a research note on Friday, July 6th. Canaccord Genuity set a $122.00 price objective on Deckers Outdoor and gave the company a buy rating in a research report on Sunday, May 27th. Buckingham Research reaffirmed a neutral rating and set a $95.00 price objective on shares of Deckers Outdoor in a research report on Wednesday, April 18th. Finally, Telsey Advisory Group reaffirmed an outperform rating and set a $115.00 price objective (up from $101.00) on shares of Deckers Outdoor in a research report on Friday, June 1st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. Deckers Outdoor currently has an average rating of Hold and an average target price of $108.08.

Shares of Deckers Outdoor traded up $0.13, hitting $121.41, during trading hours on Friday, according to MarketBeat.com. The company had a trading volume of 504,149 shares, compared to its average volume of 660,532. The company has a market cap of $3.69 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.67 and a beta of 1.00. The company has a current ratio of 2.93, a quick ratio of 1.70 and a debt-to-equity ratio of 0.03. Deckers Outdoor has a 52-week low of $61.37 and a 52-week high of $122.98.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, July 26th. The textile maker reported ($0.98) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.42) by $0.44. The firm had revenue of $250.60 million for the quarter, compared to the consensus estimate of $226.31 million. Deckers Outdoor had a return on equity of 20.26% and a net margin of 6.49%. The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.28) earnings per share. equities research analysts forecast that Deckers Outdoor will post 6.4 earnings per share for the current fiscal year.

In other Deckers Outdoor news, Director Brian Spaly bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The shares were purchased at an average cost of $113.17 per share, for a total transaction of $113,170.00. Following the transaction, the director now owns 1,087 shares of the company’s stock, valued at $123,015.79. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO David E. Lafitte sold 750 shares of the company’s stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $109.72, for a total transaction of $82,290.00. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Teachers Advisors LLC raised its position in Deckers Outdoor by 15.1% in the 4th quarter. Teachers Advisors LLC now owns 208,621 shares of the textile maker’s stock worth $16,742,000 after purchasing an additional 27,418 shares during the period. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $616,000. Millennium Management LLC increased its position in shares of Deckers Outdoor by 183.5% during the fourth quarter. Millennium Management LLC now owns 44,526 shares of the textile maker’s stock worth $3,573,000 after acquiring an additional 28,819 shares during the period. Macquarie Group Ltd. increased its position in shares of Deckers Outdoor by 550.0% during the fourth quarter. Macquarie Group Ltd. now owns 7,800 shares of the textile maker’s stock worth $626,000 after acquiring an additional 6,600 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Deckers Outdoor during the fourth quarter worth approximately $2,816,000.

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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