Research analysts at Susquehanna increased their target price on shares of Deckers Outdoor (NASDAQ: DECK) from $35.00 to $40.00 in a report released on Monday. The firm currently has a “neutral” rating on the stock.

Deckers Outdoor traded down 0.37% on Monday, hitting $48.63. Deckers Outdoor has a 52-week low of $28.53 and a 52-week high of $70.68. The stock’s 50-day moving average is currently $42.47. The company has a market cap of $1.673 billion and a price-to-earnings ratio of 14.15.

Deckers Outdoor last released its earnings data on Thursday, February 28th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.15. The company had revenue of $617.30 million for the quarter, compared to the consensus estimate of $623.02 million. During the same quarter last year, the company posted $3.18 earnings per share. Deckers Outdoor’s revenue was up 2.2% compared to the same quarter last year. Deckers Outdoor has set its Q1 guidance at ($0.12) EPS and its FY13 guidance at +5% (~$3.62) EPS. On average, analysts predict that Deckers Outdoor will post $3.67 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Deckers Outdoor from $60.00 to $65.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Deckers Outdoor from $35.00 to $42.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Finally, analysts at S&P Equity Research downgraded shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a research note to investors on Monday, March 4th. They now have a $47.00 price target on the stock, up previously from $40.00.

Five research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and ten have issued a hold rating to the stock. Deckers Outdoor presently has a consensus rating of “overweight” and an average price target of $47.33.

Deckers Outdoor Corporation (Deckers) is a designer, producer, marketer, and brand manager of footwear, apparel, and accessories.

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