Guggenheim Begins Coverage on Deckers Outdoor Corp. (DECK)
Other analysts have also issued reports about the company. B. Riley reiterated a neutral rating and issued a $48.00 price objective on shares of Deckers Outdoor Corp. in a research report on Thursday, June 2nd. Jefferies Group reiterated a buy rating on shares of Deckers Outdoor Corp. in a research report on Sunday, September 4th. Citigroup Inc. lifted their price objective on Deckers Outdoor Corp. from $53.00 to $56.00 and gave the stock a neutral rating in a research report on Tuesday, June 14th. Robert W. Baird reiterated a hold rating and issued a $53.00 price objective on shares of Deckers Outdoor Corp. in a research report on Friday, June 10th. Finally, Standpoint Research lowered Deckers Outdoor Corp. from a buy rating to a hold rating in a research report on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $61.13.
Deckers Outdoor Corp. (NYSE:DECK) opened at 59.24 on Friday. The stock has a 50 day moving average price of $62.96 and a 200-day moving average price of $59.09. Deckers Outdoor Corp. has a one year low of $40.74 and a one year high of $69.94. The firm has a market cap of $1.90 billion, a P/E ratio of 17.54 and a beta of 1.08.
Deckers Outdoor Corp. (NYSE:DECK) last announced its earnings results on Thursday, July 28th. The company reported ($1.80) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($2.07) by $0.27. Deckers Outdoor Corp. had a return on equity of 14.78% and a net margin of 6.03%. The company earned $174.40 million during the quarter, compared to analyst estimates of $170.48 million. During the same period last year, the company posted ($1.43) earnings per share. The firm’s quarterly revenue was down 18.4% compared to the same quarter last year. Analysts predict that Deckers Outdoor Corp. will post $4.31 EPS for the current fiscal year.
In related news, Director John G. Perenchio sold 23,500 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $67.16, for a total transaction of $1,578,260.00. Following the transaction, the director now directly owns 28,281 shares of the company’s stock, valued at approximately $1,899,351.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Angel R. Martinez sold 29,058 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $67.61, for a total value of $1,964,611.38. Following the transaction, the director now directly owns 393,636 shares in the company, valued at $26,613,729.96. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Deckers Outdoor Corp. during the first quarter worth $717,000. State Street Corp raised its position in Deckers Outdoor Corp. by 4.7% in the first quarter. State Street Corp now owns 1,062,989 shares of the company’s stock worth $63,686,000 after buying an additional 48,016 shares during the last quarter. Canada Pension Plan Investment Board raised its position in Deckers Outdoor Corp. by 3,789.8% in the first quarter. Canada Pension Plan Investment Board now owns 81,685 shares of the company’s stock worth $4,894,000 after buying an additional 79,585 shares during the last quarter. Royce & Associates LP raised its position in Deckers Outdoor Corp. by 17.6% in the first quarter. Royce & Associates LP now owns 1,032,921 shares of the company’s stock worth $61,882,000 after buying an additional 154,700 shares during the last quarter. Finally, Palisade Capital Management LLC NJ raised its position in Deckers Outdoor Corp. by 10.6% in the first quarter. Palisade Capital Management LLC NJ now owns 230,919 shares of the company’s stock worth $13,834,000 after buying an additional 22,156 shares during the last quarter.
Deckers Outdoor Corp. Company Profile
Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.
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