Deckers Outdoor’s (DECK) “Buy” Rating Reaffirmed at Stifel Nicolaus

Deckers Outdoor (NYSE:DECK)‘s stock had its “buy” rating restated by Stifel Nicolaus in a research report issued on Wednesday, MarketBeat.com reports. They presently have a $93.00 price target on the textile maker’s stock, up from their prior price target of $85.00. Stifel Nicolaus’ price objective points to a potential upside of 8.91% from the stock’s previous close.

DECK has been the subject of several other research reports. FIG Partners reiterated a “buy” rating on shares of Deckers Outdoor in a research report on Monday, October 16th. ValuEngine raised Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Robert W. Baird reissued a “hold” rating and issued a $67.00 price target on shares of Deckers Outdoor in a report on Friday, October 6th. BidaskClub downgraded Deckers Outdoor from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, UBS Group downgraded Deckers Outdoor to a “neutral” rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. Deckers Outdoor currently has a consensus rating of “Hold” and an average target price of $72.31.

Shares of Deckers Outdoor (NYSE:DECK) traded up $1.86 on Wednesday, hitting $85.39. The stock had a trading volume of 1,242,110 shares, compared to its average volume of 509,077. The firm has a market cap of $2,730.00, a price-to-earnings ratio of 85.39, a price-to-earnings-growth ratio of 1.75 and a beta of 1.26. The company has a current ratio of 2.43, a quick ratio of 1.26 and a debt-to-equity ratio of 0.03. Deckers Outdoor has a one year low of $44.00 and a one year high of $85.74.

Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 26th. The textile maker reported $1.54 EPS for the quarter, topping the consensus estimate of $1.02 by $0.52. The company had revenue of $482.50 million during the quarter, compared to analyst estimates of $440.11 million. Deckers Outdoor had a return on equity of 15.23% and a net margin of 1.80%. The business’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. sell-side analysts forecast that Deckers Outdoor will post 4.37 EPS for the current year.

Deckers Outdoor announced that its Board of Directors has authorized a stock repurchase plan on Thursday, October 26th that allows the company to buyback $335.00 million in outstanding shares. This buyback authorization allows the textile maker to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its stake in Deckers Outdoor by 6.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,370 shares of the textile maker’s stock valued at $298,000 after acquiring an additional 270 shares in the last quarter. Prudential Financial Inc. raised its stake in Deckers Outdoor by 1.7% during the 2nd quarter. Prudential Financial Inc. now owns 21,547 shares of the textile maker’s stock valued at $1,471,000 after acquiring an additional 367 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in Deckers Outdoor by 7.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 6,460 shares of the textile maker’s stock valued at $441,000 after acquiring an additional 440 shares in the last quarter. Bancorpsouth Inc. raised its stake in Deckers Outdoor by 12.4% during the 2nd quarter. Bancorpsouth Inc. now owns 4,373 shares of the textile maker’s stock valued at $298,000 after acquiring an additional 482 shares in the last quarter. Finally, Flinton Capital Management LLC raised its stake in Deckers Outdoor by 74.2% during the 2nd quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 736 shares in the last quarter.

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Deckers Outdoor Company Profile

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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