Deckers Outdoor Corp (NYSE:DECK) has been assigned an average recommendation of “Hold” from the eighteen research firms that are currently covering the stock, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $114.17.

Several equities analysts recently issued reports on the company. Canaccord Genuity set a $137.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, July 27th. Pivotal Research set a $119.00 price target on Deckers Outdoor and gave the stock a “hold” rating in a research report on Wednesday, July 25th. ValuEngine lowered Deckers Outdoor from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 6th. UBS Group upgraded Deckers Outdoor from a “neutral” rating to a “positive” rating in a research report on Friday. Finally, Susquehanna Bancshares upgraded Deckers Outdoor from a “neutral” rating to a “positive” rating in a research report on Friday.

Shares of Deckers Outdoor stock traded up $6.74 during trading on Tuesday, hitting $115.69. 1,795,301 shares of the stock traded hands, compared to its average volume of 562,437. The company has a current ratio of 2.93, a quick ratio of 1.70 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $3.48 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 1.50 and a beta of 1.07. Deckers Outdoor has a 52 week low of $63.32 and a 52 week high of $124.68.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 25th. The textile maker reported $2.38 EPS for the quarter, beating the consensus estimate of $1.72 by $0.66. The firm had revenue of $501.91 million for the quarter, compared to analyst estimates of $496.22 million. Deckers Outdoor had a return on equity of 22.59% and a net margin of 7.69%. During the same period in the prior year, the company earned $1.54 EPS. As a group, analysts predict that Deckers Outdoor will post 6.78 earnings per share for the current fiscal year.

In other Deckers Outdoor news, Director Brian Spaly acquired 1,000 shares of the company’s stock in a transaction on Tuesday, July 31st. The stock was acquired at an average price of $113.17 per share, for a total transaction of $113,170.00. Following the acquisition, the director now owns 1,087 shares in the company, valued at approximately $123,015.79. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in shares of Deckers Outdoor by 854.0% in the 1st quarter. Millennium Management LLC now owns 424,756 shares of the textile maker’s stock valued at $38,241,000 after purchasing an additional 380,230 shares during the period. Marshall Wace LLP purchased a new position in shares of Deckers Outdoor in the 2nd quarter valued at approximately $31,126,000. Renaissance Technologies LLC lifted its stake in shares of Deckers Outdoor by 30.9% in the 2nd quarter. Renaissance Technologies LLC now owns 575,100 shares of the textile maker’s stock valued at $64,923,000 after purchasing an additional 135,900 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Deckers Outdoor by 110.7% in the 2nd quarter. Wells Fargo & Company MN now owns 177,876 shares of the textile maker’s stock valued at $20,080,000 after purchasing an additional 93,439 shares during the period. Finally, FMR LLC lifted its stake in shares of Deckers Outdoor by 13.2% in the 2nd quarter. FMR LLC now owns 703,314 shares of the textile maker’s stock valued at $79,397,000 after purchasing an additional 82,214 shares during the period.

About Deckers Outdoor

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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