Robert W. Baird Reiterates “Hold” Rating for Deckers Outdoor Corporation (DECK)

Robert W. Baird reissued their hold rating on shares of Deckers Outdoor Corporation (NYSE:DECK) in a research report sent to investors on Friday. They currently have a $67.00 target price on the textile maker’s stock.

A number of other equities research analysts have also commented on the company. BidaskClub upgraded Deckers Outdoor Corporation from a sell rating to a hold rating in a research report on Wednesday, July 5th. ValuEngine lowered Deckers Outdoor Corporation from a buy rating to a hold rating in a research report on Thursday, June 22nd. Susquehanna Bancshares Inc restated a neutral rating and set a $57.00 price target (down from $60.00) on shares of Deckers Outdoor Corporation in a research report on Monday, July 24th. Piper Jaffray Companies set a $66.00 price target on Deckers Outdoor Corporation and gave the stock a hold rating in a research report on Thursday, July 27th. Finally, Canaccord Genuity set a $76.00 price target on Deckers Outdoor Corporation and gave the stock a buy rating in a research report on Thursday, July 27th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Deckers Outdoor Corporation presently has a consensus rating of Hold and an average price target of $67.67.

Shares of Deckers Outdoor Corporation (DECK) opened at 71.00 on Friday. The firm’s 50-day moving average price is $65.04 and its 200 day moving average price is $63.68. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $72.72. The company has a market cap of $2.27 billion, a P/E ratio of 102.01 and a beta of 1.33.

Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.67) by $0.39. The business had revenue of $209.70 million for the quarter, compared to analyst estimates of $178.36 million. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. Deckers Outdoor Corporation’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the company earned ($1.80) EPS. On average, equities analysts predict that Deckers Outdoor Corporation will post $4.08 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Robert W. Baird Reiterates “Hold” Rating for Deckers Outdoor Corporation (DECK)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/10/robert-w-baird-reiterates-hold-rating-for-deckers-outdoor-corporation-deck.html.

A number of large investors have recently bought and sold shares of DECK. Flinton Capital Management LLC lifted its holdings in Deckers Outdoor Corporation by 74.2% during the 2nd quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after buying an additional 736 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in Deckers Outdoor Corporation by 75.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after buying an additional 831 shares in the last quarter. James Investment Research Inc. acquired a new position in Deckers Outdoor Corporation during the 2nd quarter worth $148,000. Point72 Asia Hong Kong Ltd lifted its holdings in Deckers Outdoor Corporation by 185.2% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock worth $150,000 after buying an additional 1,626 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Deckers Outdoor Corporation by 91.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the tex

A number of other equities research analysts have also commented on the company. BidaskClub upgraded Deckers Outdoor Corporation from a sell rating to a hold rating in a research report on Wednesday, July 5th. ValuEngine lowered Deckers Outdoor Corporation from a buy rating to a hold rating in a research report on Thursday, June 22nd. Susquehanna Bancshares Inc restated a neutral rating and set a $57.00 price target (down from $60.00) on shares of Deckers Outdoor Corporation in a research report on Monday, July 24th. Piper Jaffray Companies set a $66.00 price target on Deckers Outdoor Corporation and gave the stock a hold rating in a research report on Thursday, July 27th. Finally, Canaccord Genuity set a $76.00 price target on Deckers Outdoor Corporation and gave the stock a buy rating in a research report on Thursday, July 27th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Deckers Outdoor Corporation presently has a consensus rating of Hold and an average price target of $67.67.

Shares of Deckers Outdoor Corporation (DECK) opened at 71.00 on Friday. The firm’s 50-day moving average price is $65.04 and its 200 day moving average price is $63.68. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $72.72. The company has a market cap of $2.27 billion, a P/E ratio of 102.01 and a beta of 1.33.

Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.67) by $0.39. The business had revenue of $209.70 million for the quarter, compared to analyst estimates of $178.36 million. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. Deckers Outdoor Corporation’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the prior year, the company earned ($1.80) EPS. On average, equities analysts predict that Deckers Outdoor Corporation will post $4.08 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Robert W. Baird Reiterates “Hold” Rating for Deckers Outdoor Corporation (DECK)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/10/robert-w-baird-reiterates-hold-rating-for-deckers-outdoor-corporation-deck.html.

A number of large investors have recently bought and sold shares of DECK. Flinton Capital Management LLC lifted its holdings in Deckers Outdoor Corporation by 74.2% during the 2nd quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after buying an additional 736 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in Deckers Outdoor Corporation by 75.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after buying an additional 831 shares in the last quarter. James Investment Research Inc. acquired a new position in Deckers Outdoor Corporation during the 2nd quarter worth $148,000. Point72 Asia Hong Kong Ltd lifted its holdings in Deckers Outdoor Corporation by 185.2% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock worth $150,000 after buying an additional 1,626 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Deckers Outdoor Corporation by 91.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after buying an additional 1,213 shares in the last quarter. 99.57% of the stock is currently owned by hedge funds and other institutional investors.

About Deckers Outdoor Corporation

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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