Deckers Outdoor’s (DECK) Outperform Rating Reiterated at Robert W. Baird

Robert W. Baird reaffirmed their outperform rating on shares of Deckers Outdoor (NYSE:DECKGet Rating) in a research report report published on Tuesday morning, MarketBeat Ratings reports. Robert W. Baird currently has a $375.00 price target on the textile maker’s stock.

Several other equities analysts have also issued reports on DECK. Jefferies Financial Group lowered Deckers Outdoor from a buy rating to a hold rating and dropped their price target for the company from $350.00 to $300.00 in a research note on Monday, August 1st. Cowen boosted their price target on Deckers Outdoor from $407.00 to $415.00 in a research note on Friday, July 29th. TheStreet lowered Deckers Outdoor from a b- rating to a c rating in a research note on Thursday, June 2nd. UBS Group boosted their price target on Deckers Outdoor from $378.00 to $400.00 and gave the company a buy rating in a research note on Friday, July 29th. Finally, Cowen boosted their price target on Deckers Outdoor from $407.00 to $415.00 in a research note on Friday, July 29th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Deckers Outdoor presently has a consensus rating of Moderate Buy and a consensus target price of $383.00.

Deckers Outdoor Stock Performance

Shares of NYSE DECK opened at $317.32 on Tuesday. Deckers Outdoor has a 52 week low of $212.93 and a 52 week high of $451.49. The stock has a market capitalization of $8.42 billion, a P/E ratio of 19.53 and a beta of 0.91. The stock’s fifty day moving average is $273.40 and its 200 day moving average is $275.57.

Deckers Outdoor (NYSE:DECKGet Rating) last posted its quarterly earnings data on Thursday, May 19th. The textile maker reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $1.16. The company had revenue of $736.00 million for the quarter, compared to analyst estimates of $639.81 million. Deckers Outdoor had a return on equity of 29.72% and a net margin of 13.76%. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.18 earnings per share. Equities research analysts forecast that Deckers Outdoor will post 18.1 earnings per share for the current year.

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

Institutional Investors Weigh In On Deckers Outdoor

Several institutional investors have recently bought and sold shares of DECK. Endurance Wealth Management Inc. bought a new position in Deckers Outdoor in the 1st quarter valued at $27,000. Parallel Advisors LLC grew its stake in Deckers Outdoor by 70.3% in the 2nd quarter. Parallel Advisors LLC now owns 126 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 52 shares during the period. UMB Bank N A MO bought a new position in Deckers Outdoor in the 4th quarter valued at $36,000. Allworth Financial LP grew its stake in Deckers Outdoor by 15,500.0% in the 1st quarter. Allworth Financial LP now owns 156 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 155 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Deckers Outdoor in the 1st quarter valued at $43,000. Institutional investors own 96.81% of the company’s stock.

Deckers Outdoor Company Profile

(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.

Further Reading

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

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