Deckers Outdoor (DECK) Downgraded to Hold at Pivotal Research

Deckers Outdoor (NYSE:DECK) was downgraded by analysts at Pivotal Research from a “buy” rating to a “hold” rating in a report released on Monday, Marketbeat.com reports. They presently have a $108.00 price objective on the textile maker’s stock. Pivotal Research’s target price points to a potential upside of 18.85% from the company’s previous close.

Several other research firms have also commented on DECK. Zacks Investment Research raised Deckers Outdoor from a “hold” rating to a “strong-buy” rating and set a $109.00 target price on the stock in a report on Tuesday, February 6th. Robert W. Baird raised Deckers Outdoor from a “neutral” rating to a “positive” rating and increased their target price for the company from $87.00 to $108.00 in a report on Friday, February 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $93.00 target price (up previously from $85.00) on shares of Deckers Outdoor in a report on Wednesday, January 17th. Jefferies Group lowered Deckers Outdoor from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, ValuEngine raised Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Deckers Outdoor presently has an average rating of “Hold” and a consensus price target of $87.86.

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Shares of Deckers Outdoor (NYSE DECK) opened at $90.87 on Monday. The stock has a market capitalization of $2,867.55, a price-to-earnings ratio of 37.55, a PEG ratio of 1.44 and a beta of 1.17. The company has a quick ratio of 2.16, a current ratio of 3.25 and a debt-to-equity ratio of 0.03. Deckers Outdoor has a 52 week low of $52.58 and a 52 week high of $98.92.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, February 1st. The textile maker reported $4.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.84 by $1.13. The business had revenue of $810.50 million for the quarter, compared to analysts’ expectations of $748.38 million. Deckers Outdoor had a return on equity of 17.72% and a net margin of 4.17%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $4.11 earnings per share. analysts anticipate that Deckers Outdoor will post 5.43 EPS for the current year.

In other Deckers Outdoor news, insider Andrea O’donnell sold 2,220 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $93.90, for a total transaction of $208,458.00. Following the transaction, the insider now owns 17,793 shares of the company’s stock, valued at $1,670,762.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David Powers sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $95.51, for a total value of $238,775.00. Following the transaction, the chief executive officer now directly owns 92,583 shares in the company, valued at approximately $8,842,602.33. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,168 shares of company stock worth $1,341,189. Corporate insiders own 1.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in shares of Deckers Outdoor by 1.3% during the fourth quarter. BlackRock Inc. now owns 3,360,502 shares of the textile maker’s stock worth $269,681,000 after buying an additional 44,584 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Deckers Outdoor by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,132,706 shares of the textile maker’s stock worth $90,898,000 after buying an additional 27,266 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Deckers Outdoor by 1,206.8% during the fourth quarter. Alliancebernstein L.P. now owns 1,094,351 shares of the textile maker’s stock worth $87,822,000 after buying an additional 1,010,608 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Deckers Outdoor by 360.2% during the fourth quarter. American Century Companies Inc. now owns 810,815 shares of the textile maker’s stock worth $65,068,000 after buying an additional 634,610 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of Deckers Outdoor by 9.6% during the third quarter. Neuberger Berman Group LLC now owns 556,933 shares of the textile maker’s stock worth $38,100,000 after buying an additional 48,948 shares during the last quarter. 99.56% of the stock is currently owned by hedge funds and other institutional investors.

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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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