Deckers Outdoor (DECK) Given “Outperform” Rating at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Deckers Outdoor (NYSE:DECK) in a report published on Friday morning, Briefing.com Automated Import reports. Telsey Advisory Group currently has a $173.00 price target on the textile maker’s stock, up from their prior price target of $150.00.

Several other equities analysts have also recently weighed in on DECK. Zacks Investment Research cut shares of Deckers Outdoor from a strong-buy rating to a hold rating in a research note on Wednesday, April 3rd. Canaccord Genuity raised their price target on shares of Deckers Outdoor from $164.00 to $188.00 and gave the stock a buy rating in a research note on Friday. ValuEngine downgraded Deckers Outdoor from a buy rating to a hold rating in a report on Friday, May 10th. Bank of America raised Deckers Outdoor from a neutral rating to a buy rating and increased their price objective for the company from $150.00 to $180.00 in a report on Tuesday, May 21st. Finally, Susquehanna Bancshares raised Deckers Outdoor from a neutral rating to a positive rating and increased their price objective for the company from $161.00 to $169.00 in a report on Tuesday, May 14th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $139.75.

Shares of DECK opened at $153.46 on Friday. The company has a market cap of $4.47 billion, a PE ratio of 26.74, a price-to-earnings-growth ratio of 1.85 and a beta of 0.74. Deckers Outdoor has a twelve month low of $101.69 and a twelve month high of $159.75. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.06 and a quick ratio of 2.19.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, May 23rd. The textile maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.75. The company had revenue of $394.10 million during the quarter, compared to analysts’ expectations of $378.82 million. Deckers Outdoor had a net margin of 12.87% and a return on equity of 27.09%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $0.50 EPS. As a group, sell-side analysts expect that Deckers Outdoor will post 7.99 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Doyle Wealth Management acquired a new stake in Deckers Outdoor during the 4th quarter valued at $27,000. Penserra Capital Management LLC acquired a new stake in Deckers Outdoor during the 4th quarter valued at $31,000. Quadrant Capital Group LLC lifted its holdings in Deckers Outdoor by 284.1% during the 1st quarter. Quadrant Capital Group LLC now owns 242 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 179 shares during the last quarter. Enlightenment Research LLC acquired a new stake in Deckers Outdoor during the 4th quarter valued at $38,000. Finally, Duncker Streett & Co. Inc. acquired a new stake in Deckers Outdoor during the 4th quarter valued at $51,000.

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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