UBS AG lowered shares of Deckers Outdoor Corporation (NYSE:DECK) to a neutral rating in a research report released on Monday.

DECK has been the subject of several other reports. ValuEngine lowered Deckers Outdoor Corporation from a buy rating to a hold rating in a report on Thursday, June 22nd. Morgan Stanley increased their price objective on Deckers Outdoor Corporation from $59.00 to $61.00 and gave the stock an equal weight rating in a report on Monday, August 7th. Pivotal Research began coverage on Deckers Outdoor Corporation in a report on Thursday, October 5th. They issued a buy rating and a $80.00 price objective for the company. BidaskClub raised Deckers Outdoor Corporation from a sell rating to a hold rating in a report on Wednesday, July 5th. Finally, Susquehanna Bancshares Inc reissued a neutral rating and issued a $57.00 price objective on shares of Deckers Outdoor Corporation in a report on Thursday, September 14th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $66.53.

Shares of Deckers Outdoor Corporation (NYSE DECK) opened at 64.65 on Monday. The firm’s 50-day moving average price is $65.80 and its 200-day moving average price is $63.98. The firm has a market capitalization of $2.07 billion, a PE ratio of 92.89 and a beta of 1.33. Deckers Outdoor Corporation has a 52-week low of $44.00 and a 52-week high of $72.72.

Deckers Outdoor Corporation (NYSE:DECK) last posted its earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.67) by $0.39. The company had revenue of $209.70 million during the quarter, compared to analyst estimates of $178.36 million. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The business’s revenue was up 20.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.80) earnings per share. On average, equities analysts predict that Deckers Outdoor Corporation will post $4.08 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Flinton Capital Management LLC lifted its position in Deckers Outdoor Corporation by 74.2% in the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after purchasing an additional 736 shares during the period. Riverhead Capital Management LLC lifted its position in Deckers Outdoor Corporation by 75.5% in the second quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after purchasing an additional 831 shares during the period. James Investment Research Inc. acquired a new stake in Deckers Outdoor Corporation in the second quarter worth approximately $148,000. Point72 Asia Hong Kong Ltd lifted its position in Deckers Outdoor Corporation by 185.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock worth $150,000 after purchasing an additional 1,626 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Deckers Outdoor Corporation by 91.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after purchasing an additional 1,213 shares during the period. Hedge funds and other institutional investors own 99.44% of the company’s stock.

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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