Deckers Outdoor’s (DECK) Hold Rating Reaffirmed at Pivotal Research

Pivotal Research reissued their hold rating on shares of Deckers Outdoor (NYSE:DECK) in a report released on Monday morning, Briefing.com Automated Import reports. Pivotal Research currently has a $146.00 price objective on the textile maker’s stock, up from their prior price objective of $138.00.

A number of other equities research analysts have also weighed in on DECK. Zacks Investment Research lowered shares of Deckers Outdoor from a strong-buy rating to a hold rating in a report on Wednesday, April 3rd. ValuEngine downgraded shares of Deckers Outdoor from a buy rating to a hold rating in a research report on Friday, May 10th. Susquehanna Bancshares raised shares of Deckers Outdoor from a neutral rating to a positive rating and increased their target price for the company from $161.00 to $169.00 in a research report on Tuesday, May 14th. Wells Fargo & Co started coverage on shares of Deckers Outdoor in a research report on Tuesday, April 23rd. They issued a market perform rating and a $163.00 target price on the stock. Finally, Jefferies Financial Group set a $132.00 target price on shares of Deckers Outdoor and gave the company a hold rating in a research report on Saturday, February 2nd. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $135.50.

Shares of DECK opened at $150.09 on Monday. Deckers Outdoor has a twelve month low of $101.62 and a twelve month high of $159.75. The firm has a market capitalization of $4.15 billion, a PE ratio of 26.15, a PEG ratio of 1.78 and a beta of 0.74. The company has a current ratio of 3.06, a quick ratio of 2.19 and a debt-to-equity ratio of 0.03.

A number of institutional investors have recently modified their holdings of the business. FMR LLC grew its position in Deckers Outdoor by 39.9% during the 1st quarter. FMR LLC now owns 1,578,078 shares of the textile maker’s stock worth $231,961,000 after purchasing an additional 449,854 shares during the last quarter. Renaissance Technologies LLC grew its position in Deckers Outdoor by 15.4% during the 1st quarter. Renaissance Technologies LLC now owns 679,100 shares of the textile maker’s stock worth $99,821,000 after purchasing an additional 90,700 shares during the last quarter. Northern Trust Corp grew its position in Deckers Outdoor by 1.0% during the 1st quarter. Northern Trust Corp now owns 674,300 shares of the textile maker’s stock worth $99,114,000 after purchasing an additional 6,955 shares during the last quarter. JPMorgan Chase & Co. grew its position in Deckers Outdoor by 29.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 582,742 shares of the textile maker’s stock worth $69,101,000 after purchasing an additional 133,290 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Deckers Outdoor by 16.1% during the 1st quarter. Geode Capital Management LLC now owns 554,526 shares of the textile maker’s stock worth $81,509,000 after purchasing an additional 76,894 shares during 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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Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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