Deckers Outdoor Corporation (NYSE:DECK) had its target price raised by analysts at Morgan Stanley from $59.00 to $61.00 in a note issued to investors on Monday. The firm currently has an “equal weight” rating on the textile maker’s stock. Morgan Stanley’s target price indicates a potential downside of 4.84% from the company’s current price.

Several other equities analysts have also commented on DECK. Zacks Investment Research upgraded shares of Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a report on Monday, April 10th. Wedbush initiated coverage on shares of Deckers Outdoor Corporation in a report on Tuesday, April 11th. They issued a “neutral” rating and a $52.00 price objective on the stock. Stifel Nicolaus upped their price objective on shares of Deckers Outdoor Corporation from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Jefferies Group LLC restated a “buy” rating and issued a $60.00 price objective on shares of Deckers Outdoor Corporation in a report on Wednesday, April 26th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $60.00 price objective (up from $50.00) on shares of Deckers Outdoor Corporation in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $67.00.

Deckers Outdoor Corporation (NYSE:DECK) traded up 0.70% during mid-day trading on Monday, hitting $64.55. 251,537 shares of the stock traded hands. Deckers Outdoor Corporation has a 12 month low of $44.00 and a 12 month high of $72.72. The stock has a 50-day moving average price of $66.63 and a 200-day moving average price of $60.10. The stock has a market cap of $2.06 billion, a P/E ratio of 92.74 and a beta of 1.27.

Deckers Outdoor Corporation (NYSE:DECK) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, topping the consensus estimate of ($1.67) by $0.39. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. The firm had revenue of $209.70 million for the quarter, compared to analyst estimates of $178.36 million. During the same period in the prior year, the business posted ($1.80) EPS. The business’s revenue for the quarter was up 20.2% compared to the same quarter last year. On average, equities analysts forecast that Deckers Outdoor Corporation will post $4.07 earnings per share for the current year.

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Large investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can raised its stake in shares of Deckers Outdoor Corporation by 4.1% in the first quarter. Great West Life Assurance Co. Can now owns 18,874 shares of the textile maker’s stock worth $1,127,000 after buying an additional 739 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Deckers Outdoor Corporation by 43.2% in the first quarter. Canada Pension Plan Investment Board now owns 44,085 shares of the textile maker’s stock worth $2,633,000 after buying an additional 13,300 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Deckers Outdoor Corporation by 20.4% in the first quarter. Wells Fargo & Company MN now owns 86,301 shares of the textile maker’s stock worth $5,155,000 after buying an additional 14,630 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Deckers Outdoor Corporation by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,271 shares of the textile maker’s stock worth $673,000 after buying an additional 200 shares during the last quarter. Finally, First Midwest Bank Trust Division raised its stake in shares of Deckers Outdoor Corporation by 2.6% in the first quarter. First Midwest Bank Trust Division now owns 17,747 shares of the textile maker’s stock worth $1,060,000 after buying an additional 453 shares during the last quarter.

Deckers Outdoor Corporation 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.

Analyst Recommendations for Deckers Outdoor Corporation (NYSE:DECK)

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