Jefferies Group LLC set a $82.00 price objective on Deckers Outdoor Corporation (NYSE:DECK) in a research report released on Sunday morning. The firm currently has a buy rating on the textile maker’s stock.

DECK has been the subject of a number of other reports. FIG Partners restated a buy rating on shares of Deckers Outdoor Corporation in a research report on Monday, October 16th. Robert W. Baird restated a hold rating and set a $67.00 price objective on shares of Deckers Outdoor Corporation in a research report on Friday, October 6th. UBS AG cut shares of Deckers Outdoor Corporation to a neutral rating in a research report on Monday, October 16th. ValuEngine upgraded shares of Deckers Outdoor Corporation from a hold rating to a buy rating in a research report on Wednesday, September 6th. Finally, Telsey Advisory Group upped their price objective on shares of Deckers Outdoor Corporation from $68.00 to $72.00 and gave the stock an outperform rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $69.43.

Shares of Deckers Outdoor Corporation (NYSE:DECK) opened at 68.24 on Friday. The firm has a 50-day moving average of $66.86 and a 200-day moving average of $64.83. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $73.45. The stock has a market cap of $2.18 billion, a PE ratio of 98.05 and a beta of 1.34.

Deckers Outdoor Corporation (NYSE:DECK) last posted its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.52. The company had revenue of $482.50 million during the quarter, compared to analysts’ expectations of $440.11 million. Deckers Outdoor Corporation had a net margin of 1.80% and a return on equity of 15.23%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 earnings per share. On average, equities research analysts expect that Deckers Outdoor Corporation will post $4.28 earnings per share for the current fiscal year.

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Deckers Outdoor Corporation announced that its Board of Directors has initiated a share buyback plan on Thursday, October 26th that permits the company to repurchase $335.00 million in shares. This repurchase authorization permits the textile maker to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in shares of Deckers Outdoor Corporation by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 910,276 shares of the textile maker’s stock valued at $62,136,000 after purchasing an additional 13,757 shares during the period. TIAA CREF Investment Management LLC grew its holdings in shares of Deckers Outdoor Corporation by 49.1% in the first quarter. TIAA CREF Investment Management LLC now owns 140,397 shares of the textile maker’s stock valued at $8,386,000 after purchasing an additional 46,221 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Deckers Outdoor Corporation in the second quarter valued at about $848,000. DSAM Partners London Ltd purchased a new stake in shares of Deckers Outdoor Corporation in the second quarter valued at about $1,087,000. Finally, Sei Investments Co. grew its holdings in shares of Deckers Outdoor Corporation by 1,053.7% in the second quarter. Sei Investments Co. now owns 17,063 shares of the textile maker’s stock valued at $1,164,000 after purchasing an additional 15,584 shares during the period. 99.34% of the stock is owned by hedge funds and other institutional investors.

Deckers Outdoor Corporation 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 Corporation (NYSE:DECK)

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