Cowen Raises Deckers Outdoor (NYSE:DECK) Price Target to $415.00

Deckers Outdoor (NYSE:DECKGet Rating) had its price objective boosted by Cowen from $407.00 to $415.00 in a research report report published on Friday morning, Stock Target Advisor reports.

Several other research firms also recently weighed in on DECK. Telsey Advisory Group decreased their target price on Deckers Outdoor from $450.00 to $400.00 and set an outperform rating for the company in a research report on Friday, May 20th. Wedbush lifted their price objective on Deckers Outdoor from $292.00 to $312.00 and gave the company a neutral rating in a report on Thursday, July 21st. Cowen lifted their price objective on Deckers Outdoor from $407.00 to $415.00 in a report on Friday. StockNews.com assumed coverage on Deckers Outdoor in a report on Thursday, March 31st. They issued a hold rating for the company. Finally, Robert W. Baird decreased their price objective on Deckers Outdoor from $525.00 to $375.00 and set an outperform rating for the company in a report on Friday, May 20th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Deckers Outdoor presently has an average rating of Moderate Buy and a consensus price target of $383.00.

Deckers Outdoor Trading Up 0.3 %

NYSE:DECK opened at $314.01 on Friday. Deckers Outdoor has a twelve month low of $212.93 and a twelve month high of $451.49. The company has a market cap of $8.33 billion, a price-to-earnings ratio of 19.32 and a beta of 0.91. The stock has a fifty day simple moving average of $268.76 and a 200-day simple moving average of $275.17.

Deckers Outdoor (NYSE:DECKGet Rating) last released its earnings results on Thursday, May 19th. The textile maker reported $2.51 earnings per share for the quarter, topping the consensus estimate of $1.35 by $1.16. Deckers Outdoor had a return on equity of 29.72% and a net margin of 13.76%. The business had revenue of $736.00 million during the quarter, compared to the consensus estimate of $639.81 million. During the same period last year, the company earned $1.18 earnings per share. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. As a group, equities research analysts predict that Deckers Outdoor will post 18.06 EPS for the current fiscal year.

Deckers Outdoor announced that its Board of Directors has authorized a share buyback program on Thursday, July 28th that allows the company to buyback $1.20 billion in outstanding shares. This buyback authorization allows the textile maker to reacquire up to 14.4% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Deckers Outdoor

A number of large investors have recently modified their holdings of the business. Tower View Investment Management & Research LLC grew its stake in shares of Deckers Outdoor by 1.0% during the fourth quarter. Tower View Investment Management & Research LLC now owns 3,952 shares of the textile maker’s stock worth $1,448,000 after acquiring an additional 41 shares during the last quarter. US Bancorp DE grew its stake in shares of Deckers Outdoor by 2.1% during the second quarter. US Bancorp DE now owns 2,155 shares of the textile maker’s stock worth $551,000 after acquiring an additional 45 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of Deckers Outdoor by 1.3% during the first quarter. Hood River Capital Management LLC now owns 3,874 shares of the textile maker’s stock worth $1,061,000 after acquiring an additional 49 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its stake in shares of Deckers Outdoor by 8.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 676 shares of the textile maker’s stock worth $248,000 after acquiring an additional 50 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its stake in shares of Deckers Outdoor by 0.7% during the first quarter. Panagora Asset Management Inc. now owns 7,400 shares of the textile maker’s stock worth $2,026,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

About Deckers Outdoor

(Get Rating)

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. The company offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.

Featured Articles

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

Want More Great Investing Ideas?

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.