Research analysts at Canaccord Genuity boosted their target price on shares of Deckers Outdoor (NASDAQ: DECK) from $35.00 to $42.00 in a report released on Monday. The firm currently has a “hold” rating on the stock.
Shares of Deckers Outdoor traded down 0.37% during mid-day trading on Monday, hitting $48.63. Deckers Outdoor has a one year low of $28.53 and a one year 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 P/E 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 in the previous year, the company posted $3.18 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Deckers Outdoor has set its Q1 guidance at ($0.12) EPS and its FY13 guidance at +5% (~$3.62) EPS. Analysts expect that Deckers Outdoor will post $3.67 EPS for the current fiscal year.
DECK has been the subject of a number of other recent research reports. 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. Separately, analysts at Susquehanna raised their price target on shares of Deckers Outdoor from $35.00 to $40.00 in a research note to investors on Friday, March 1st. They now have a “neutral” rating on the stock. Finally, analysts at ISI Group reiterated a “buy” rating on shares of Deckers Outdoor in a research note to investors on Friday, March 1st.
Five investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, and ten have given a hold rating to the stock. Deckers Outdoor presently has an average rating of “overweight” and an average target price of $47.33.
Deckers Outdoor Corporation (Deckers) is a designer, producer, marketer, and brand manager of footwear, apparel, and accessories.
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