Deckers Outdoor Corp. (NASDAQ:DECK) had its target price lifted by Canaccord Genuity from $81.00 to $91.00 in a research note released on Tuesday morning, StockRatingsNetwork reports. They currently have a buy rating on the stock.
Shares of Deckers Outdoor Corp. (NASDAQ:DECK) traded down 1.78% during mid-day trading on Tuesday, hitting $84.56. 1,968,475 shares of the company’s stock traded hands. Deckers Outdoor Corp. has a 1-year low of $34.00 and a 1-year high of $86.25. The stock has a 50-day moving average of $71.28 and a 200-day moving average of $60.75. The company has a market cap of $2.920 billion and a P/E ratio of 29.22.
Deckers Outdoor Corp. (NASDAQ:DECK) last announced its earnings results on Thursday, October 24th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.24. The company had revenue of $386.70 million for the quarter, compared to the consensus estimate of $386.05 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts predict that Deckers Outdoor Corp. will post $3.88 earnings per share for the current fiscal year.
In other Deckers Outdoor Corp. news, Director Maureen Conners unloaded 1,500 shares of the company’s stock on the open market in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $84.00, for a total value of $126,000.00. Following the transaction, the director now directly owns 15,565 shares in the company, valued at approximately $1,307,460. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray raised their price target on shares of Deckers Outdoor Corp. from $80.00 to $86.00 in a research note to investors on Monday. Separately, analysts at Sterne Agee reiterated a buy rating on shares of Deckers Outdoor Corp. in a research note to investors on Monday, November 18th. They now have a $88.00 price target on the stock, up previously from $80.00. Finally, analysts at Jefferies Group reiterated a buy rating on shares of Deckers Outdoor Corp. in a research note to investors on Monday, November 11th. They now have a $100.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $73.00.
Deckers Outdoor Corporation designs footwear developed for both high performance outdoor activities and everyday casual lifestyle use.
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