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 research report released on Friday morning, Briefing.com Automated Import reports. Pivotal Research currently has a $172.00 price objective on the textile maker’s stock, up from their prior price objective of $152.00.

DECK has been the subject of a number of other reports. Wells Fargo & Co initiated 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 for the company. Susquehanna Bancshares upgraded 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. Macquarie set a $155.00 target price on shares of Deckers Outdoor and gave the company a hold rating in a research report on Tuesday, June 11th. Canaccord Genuity reduced their target price on shares of Foot Locker from $82.00 to $81.00 and set a buy rating for the company in a research report on Friday, May 24th. Finally, Wedbush reiterated an underperform rating on shares of Wipro in a research report on Wednesday, July 17th. Eleven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $149.13.

DECK opened at $175.54 on Friday. The company has a current ratio of 4.37, a quick ratio of 3.26 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $5.08 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.77 and a beta of 0.81. Deckers Outdoor has a 52-week low of $101.69 and a 52-week high of $180.76. The firm’s fifty day moving average is $172.35.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings data on Thursday, May 23rd. The textile maker reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.75. The business had revenue of $394.10 million for the quarter, compared to the consensus estimate of $378.82 million. Deckers Outdoor had a net margin of 13.08% and a return on equity of 27.32%. The company’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. As a group, sell-side analysts expect that Deckers Outdoor will post 8.47 earnings per share for the current fiscal year.

In related news, insider Andrea O’donnell sold 2,100 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $153.13, for a total transaction of $321,573.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO David E. Lafitte sold 1,350 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $151.27, for a total transaction of $204,214.50. Following the sale, the chief operating officer now owns 23,113 shares of the company’s stock, valued at $3,496,303.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,263 shares of company stock valued at $807,763. 0.40% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in shares of Deckers Outdoor by 39.9% during the first quarter. FMR LLC now owns 1,578,078 shares of the textile maker’s stock valued at $231,961,000 after acquiring an additional 449,854 shares during the last quarter. Norges Bank acquired a new stake in shares of Deckers Outdoor during the fourth quarter valued at about $53,144,000. Marshall Wace LLP acquired a new stake in shares of Deckers Outdoor during the first quarter valued at about $25,025,000. APG Asset Management N.V. increased its position in shares of Deckers Outdoor by 29.0% during the fourth quarter. APG Asset Management N.V. now owns 360,300 shares of the textile maker’s stock valued at $40,328,000 after acquiring an additional 80,900 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Deckers Outdoor by 25.6% during the first quarter. Acadian Asset Management LLC now owns 369,930 shares of the textile maker’s stock valued at $54,381,000 after acquiring an additional 75,316 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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