Susquehanna downgraded shares of Deckers Outdoor Corp. (NYSE:DECK) from a neutral rating to a negative rating in a research note published on Thursday morning. Susquehanna currently has $49.00 price objective on the stock, down from their prior price objective of $59.00.
Several other analysts also recently weighed in on DECK. Citigroup Inc. reiterated a hold rating on shares of Deckers Outdoor Corp. in a research report on Wednesday, June 15th. B. Riley reiterated a neutral rating and issued a $57.00 price objective on shares of Deckers Outdoor Corp. in a research report on Wednesday, July 27th. Telsey Advisory Group reiterated a market perform rating and issued a $68.00 price objective (up previously from $57.00) on shares of Deckers Outdoor Corp. in a research report on Friday, July 29th. Jefferies Group boosted their target price on Deckers Outdoor Corp. from $75.00 to $80.00 and gave the company a buy rating in a research note on Friday, July 29th. Finally, Piper Jaffray Cos. reissued a hold rating and set a $63.00 target price on shares of Deckers Outdoor Corp. in a research note on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $60.19.
Deckers Outdoor Corp. (NYSE:DECK) opened at 56.24 on Thursday. Deckers Outdoor Corp. has a 52 week low of $40.74 and a 52 week high of $69.94. The firm’s 50-day moving average price is $60.77 and its 200 day moving average price is $59.14. The company has a market capitalization of $1.80 billion, a PE ratio of 16.65 and a beta of 1.08.
Deckers Outdoor Corp. (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($1.80) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.07) by $0.27. Deckers Outdoor Corp. had a return on equity of 14.78% and a net margin of 6.03%. The firm earned $174.40 million during the quarter, compared to the consensus estimate of $170.48 million. During the same quarter in the previous year, the company posted ($1.43) earnings per share. The business’s revenue was down 18.4% on a year-over-year basis. Equities research analysts expect that Deckers Outdoor Corp. will post $4.31 earnings per share for the current fiscal year.
In other Deckers Outdoor Corp. news, Director John G. Perenchio sold 23,500 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $67.16, for a total value of $1,578,260.00. Following the transaction, the director now owns 28,281 shares of the company’s stock, valued at $1,899,351.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Angel R. Martinez sold 29,058 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $67.61, for a total value of $1,964,611.38. Following the completion of the transaction, the director now directly owns 393,636 shares in the company, valued at approximately $26,613,729.96. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. LS Investment Advisors LLC increased its position in Deckers Outdoor Corp. by 65.0% in the second quarter. LS Investment Advisors LLC now owns 1,987 shares of the company’s stock worth $114,000 after buying an additional 783 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in Deckers Outdoor Corp. by 15.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,647 shares of the company’s stock valued at $210,000 after buying an additional 499 shares during the period. Virginia Retirement Systems ET AL bought a new position in Deckers Outdoor Corp. during the second quarter valued at approximately $230,000. Amalgamated Bank increased its position in Deckers Outdoor Corp. by 10.9% in the second quarter. Amalgamated Bank now owns 4,017 shares of the company’s stock valued at $266,000 after buying an additional 394 shares during the period. Finally, Trexquant Investment LP bought a new position in Deckers Outdoor Corp. during the second quarter valued at approximately $240,000.
About Deckers Outdoor Corp.
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.
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