Deckers Outdoor (NYSE:DECK) Upgraded at ValuEngine

ValuEngine upgraded shares of Deckers Outdoor (NYSE:DECK) from a hold rating to a buy rating in a research report released on Wednesday, October 17th.

A number of other equities research analysts have also recently issued reports on DECK. Pivotal Research set a $119.00 price objective on Deckers Outdoor and gave the stock a hold rating in a research note on Wednesday, July 25th. Telsey Advisory Group upped their price objective on Deckers Outdoor from $125.00 to $135.00 and gave the stock an outperform rating in a research note on Friday, July 27th. Stifel Nicolaus cut Deckers Outdoor from a buy rating to a hold rating and upped their price objective for the stock from $120.00 to $123.00 in a research note on Friday, July 27th. They noted that the move was a valuation call. Jefferies Financial Group reiterated a hold rating and set a $116.00 price objective on shares of Deckers Outdoor in a research note on Friday, July 27th. Finally, Piper Jaffray Companies upped their price objective on Deckers Outdoor from $99.00 to $125.00 and gave the stock a hold rating in a research note on Friday, July 27th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $116.07.

Shares of DECK traded down $2.17 on Wednesday, hitting $134.11. The company’s stock had a trading volume of 675,360 shares, compared to its average volume of 787,677. The firm has a market capitalization of $4.07 billion, a PE ratio of 23.36, a P/E/G ratio of 1.75 and a beta of 0.85. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.26 and a current ratio of 2.41. Deckers Outdoor has a fifty-two week low of $66.48 and a fifty-two week high of $137.49.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 25th. The textile maker reported $2.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.66. The firm had revenue of $501.91 million for the quarter, compared to analysts’ expectations of $496.22 million. Deckers Outdoor had a return on equity of 23.27% and a net margin of 7.69%. During the same quarter in the previous year, the business posted $1.54 EPS. Equities research analysts predict that Deckers Outdoor will post 6.82 EPS for the current fiscal year.

In other Deckers Outdoor news, insider Caroti Stefano sold 1,750 shares of the company’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $130.00, for a total value of $227,500.00. Following the transaction, the insider now directly owns 24,252 shares of the company’s stock, valued at approximately $3,152,760. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John Mersman Gibbons sold 3,000 shares of the company’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $134.00, for a total value of $402,000.00. Following the completion of the transaction, the director now directly owns 28,663 shares in the company, valued at $3,840,842. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,250 shares of company stock worth $821,965. 0.40% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale grew its holdings in shares of Deckers Outdoor by 2.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 25,157 shares of the textile maker’s stock worth $2,994,000 after purchasing an additional 646 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in shares of Deckers Outdoor during the 3rd quarter worth $4,969,000. FMR LLC grew its holdings in shares of Deckers Outdoor by 43.7% during the 3rd quarter. FMR LLC now owns 1,010,311 shares of the textile maker’s stock worth $119,803,000 after purchasing an additional 306,997 shares in the last quarter. Rafferty Asset Management LLC grew its holdings in shares of Deckers Outdoor by 203.5% during the 3rd quarter. Rafferty Asset Management LLC now owns 20,481 shares of the textile maker’s stock worth $2,429,000 after purchasing an additional 13,732 shares in the last quarter. Finally, Martingale Asset Management L P grew its holdings in shares of Deckers Outdoor by 3.2% during the 3rd quarter. Martingale Asset Management L P now owns 16,224 shares of the textile maker’s stock worth $1,924,000 after purchasing an additional 506 shares in the last quarter.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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