Deckers Outdoor Corporation (NYSE:DECK) Stock Rated “Hold” by Wall Street Brokerages

Shares of Deckers Outdoor Corporation (NYSE:DECK) have received an average rating of “Hold” from the twenty-five analysts that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $105.81.

Several analysts have weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of Deckers Outdoor from $130.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, October 23rd. BNP Paribas Exane cut their target price on shares of Deckers Outdoor from $184.00 to $122.00 and set an “outperform” rating for the company in a research note on Friday, October 23rd. The Goldman Sachs Group reissued a “sell” rating and issued a $75.00 target price (down from $86.00) on shares of Deckers Outdoor in a report on Friday, October 23rd. BMO Capital Markets restated an “underperform” rating on shares of Deckers Outdoor in a research report on Monday, October 26th. Finally, KeyCorp restated a “sector weight” rating on shares of Deckers Outdoor in a research report on Friday, July 24th.

Hedge Funds Weigh In On Deckers Outdoor

A number of institutional investors and hedge funds have recently bought and sold shares of DECK. Chicago Partners Investment Group LLC lifted its position in Deckers Outdoor by 116.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 10,644 shares of the textile maker’s stock worth $863,000 after buying an additional 5,719 shares in the last quarter. Rakuten Investment Management Inc. grew its holdings in Deckers Outdoor by 6.0% during the 3rd quarter. Rakuten Investment Management Inc. now owns 24,619 shares of the textile maker’s stock worth $1,912,000 after acquiring an additional 1,401 shares during the last quarter. Provenance Wealth Advisors LLC bought a new stake in Deckers Outdoor during the 3rd quarter worth about $64,000. Aware Super Pty Ltd as trustee of Aware Super increased its position in Deckers Outdoor by 26.4% in the 3rd quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 405,342 shares of the textile maker’s stock valued at $31,673,000 after acquiring an additional 84,674 shares in the last quarter. Finally, Greenleaf Trust increased its position in Deckers Outdoor by 78.0% in the 3rd quarter. Greenleaf Trust now owns 5,671 shares of the textile maker’s stock valued at $443,000 after acquiring an additional 2,485 shares in the last quarter. Institutional investors and hedge funds own 97.79% of the company’s stock.

Deckers Outdoor Stock Performance

Shares of NYSE:DECK opened at $82.07 on Monday. Deckers Outdoor has a 52 week low of $77.20 and a 52 week high of $122.29. The company’s fifty day moving average is $82.65 and its 200-day moving average is $99.27. The company has a market capitalization of $11.18 billion, a PE ratio of 10.88, a P/E/G ratio of 1.31 and a beta of 1.12.

Deckers Outdoor (NYSE:DECK) last posted its 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. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. Deckers Outdoor had a net margin of 19.18% and a return on equity of 42.42%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 EPS. On average, analysts forecast that Deckers Outdoor will post 7.90 EPS for the current year.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.