Deckers Outdoor (NYSE:DECK) Stock Rated Neutral in New Coverage at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Deckers Outdoor (NYSE:DECK) in a research note issued to investors on Tuesday, Marketbeat reports. The firm issued a neutral rating and a $89.00 target price on the textile maker’s stock.

Several other equities analysts also recently commented on the stock. BMO Capital Markets reissued an “underperform” rating on shares of Deckers Outdoor in a report on Monday, October 26th. Truist Financial set a $95.00 target price on shares of Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, October 23rd. Raymond James Financial reduced their price target on shares of Deckers Outdoor from $105.00 to $92.00 in a report on Friday, October 23rd. Evercore reduced their price target on shares of Deckers Outdoor from $108.00 to $90.00 in a report on Friday, October 23rd. Finally, Bank of America decreased their price target on shares of Deckers Outdoor from $115.00 to $105.00 in a research note on Friday, July 24th. Ten equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $103.86.

Deckers Outdoor Trading Down 4.4%

NYSE DECK opened at $84.52 on Tuesday. The stock’s 50 day moving average is $82.55 and its 200 day moving average is $98.65. Deckers Outdoor has a 12 month low of $77.20 and a 12 month high of $122.29. The stock has a market cap of $11.28 billion, a PE ratio of 12.17, a P/E/G ratio of 1.43 and a beta of 1.10.

Deckers Outdoor (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 22nd. The textile maker reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.52. Deckers Outdoor had a return on equity of 42.42% and a net margin of 19.18%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company posted $1.82 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts forecast that Deckers Outdoor will post 7.80 EPS for the current fiscal year.

Institutional Trading of Deckers Outdoor

A number of large investors have recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in shares of Deckers Outdoor during the 2nd quarter worth approximately $30,000. Continuum Advisory LLC purchased a new stake in Deckers Outdoor during the second quarter valued at $38,000. Pension & Wealth Management Advisors Inc. purchased a new stake in Deckers Outdoor during the third quarter valued at $31,000. Gen Wealth Partners Inc bought a new position in Deckers Outdoor during the third quarter valued at $31,000. Finally, Heritage Family Offices LLP bought a new position in Deckers Outdoor during the third quarter valued at $38,000. Institutional investors own 97.79% of the company’s stock.

About Deckers Outdoor

Deckers Outdoor Corporation designs, markets and distributes footwear, apparel and accessories through a portfolio of consumer brands. Its best-known brands include UGG, HOKA and Teva, which serve customers seeking products for lifestyle, performance and outdoor use. Founded in 1973 in California, Deckers began as a maker of sandals. The company now sells its products worldwide through wholesale partners as well as its own retail stores and e-commerce channels, serving markets across the Americas, Europe, the Middle East and Africa, and Asia-Pacific.