Deckers Outdoor (NYSE:DECK) Earns Buy Rating from Susquehanna Bancshares
Susquehanna Bancshares reissued their buy rating on shares of Deckers Outdoor (NYSE:DECK) in a research report released on Thursday, TipRanks reports. The brokerage currently has a $250.00 price objective on the textile maker’s stock.
A number of other brokerages also recently commented on DECK. Telsey Advisory Group reduced their price objective on Deckers Outdoor from $205.00 to $168.00 and set an outperform rating for the company in a research report on Monday, May 18th. Wells Fargo & Co raised their price objective on Deckers Outdoor from $180.00 to $200.00 and gave the stock an overweight rating in a research report on Friday, May 22nd. Zacks Investment Research upgraded Deckers Outdoor from a sell rating to a hold rating and set a $158.00 price objective for the company in a research report on Monday, April 13th. Citigroup reduced their price objective on Deckers Outdoor from $180.00 to $175.00 and set a buy rating for the company in a research report on Monday, April 20th. Finally, Wedbush increased their target price on Deckers Outdoor from $185.00 to $211.00 and gave the stock an outperform rating in a report on Wednesday, July 8th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Deckers Outdoor presently has a consensus rating of Buy and an average price target of $210.13.
NYSE:DECK traded down $4.90 during mid-day trading on Thursday, hitting $209.25. 593,111 shares of the company’s stock traded hands, compared to its average volume of 330,243. The firm has a 50 day moving average of $197.97 and a two-hundred day moving average of $170.89. Deckers Outdoor has a 12 month low of $78.70 and a 12 month high of $220.36. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.53 and a beta of 0.99. The company has a current ratio of 3.97, a quick ratio of 2.93 and a debt-to-equity ratio of 0.22.
In other Deckers Outdoor news, insider Caroti Stefano sold 4,000 shares of Deckers Outdoor stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $207.45, for a total transaction of $829,800.00. Following the transaction, the insider now directly owns 33,857 shares in the company, valued at $7,023,634.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Thomas Garcia sold 1,000 shares of Deckers Outdoor stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $219.00, for a total value of $219,000.00. Following the transaction, the senior vice president now owns 18,617 shares in the company, valued at $4,077,123. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock worth $4,766,505 over the last 90 days. 0.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of DECK. Copper Rock Capital Partners LLC bought a new position in Deckers Outdoor during the second quarter worth about $381,395,000. Melvin Capital Management LP bought a new stake in shares of Deckers Outdoor in the first quarter valued at about $90,450,000. Norges Bank bought a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $66,379,000. Rothschild & Co. Asset Management US Inc. bought a new stake in shares of Deckers Outdoor in the first quarter valued at about $27,938,000. Finally, Macquarie Group Ltd. lifted its holdings in shares of Deckers Outdoor by 7,575.0% in the fourth quarter. Macquarie Group Ltd. now owns 122,800 shares of the textile maker’s stock valued at $20,736,000 after purchasing an additional 121,200 shares in the last quarter. Hedge funds and other institutional investors own 99.90% of the company’s stock.
About Deckers Outdoor
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.
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