Deckers Outdoor Corporation (DECK) Given Negative Rating at Susquehanna Bancshares Inc

Deckers Outdoor Corporation (NYSE:DECK)‘s stock had its “negative” rating reissued by investment analysts at Susquehanna Bancshares Inc in a research note issued to investors on Monday. They currently have a $40.00 price target on the textile maker’s stock. Susquehanna Bancshares Inc’s price objective would indicate a potential downside of 39.24% from the stock’s previous close.

A number of other equities research analysts have also recently commented on DECK. ValuEngine cut shares of Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Morgan Stanley increased their target price on shares of Deckers Outdoor Corporation from $59.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Pivotal Research assumed coverage on shares of Deckers Outdoor Corporation in a research report on Thursday, October 5th. They set a “buy” rating and a $80.00 target price for the company. BidaskClub raised shares of Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Telsey Advisory Group upped their price target on shares of Deckers Outdoor Corporation from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $66.53.

Shares of Deckers Outdoor Corporation (NYSE:DECK) opened at 65.83 on Monday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 94.58 and a beta of 1.33. The firm has a 50-day moving average of $65.80 and a 200 day moving average of $63.98. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $72.72.

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

WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/16/deckers-outdoor-corporation-deck-given-negative-rating-at-susquehanna-bancshares-inc.html.

Institutional investors and hedge funds have recently bought and sold shares of the business. Flinton Capital Management LLC lifted its holdings in Deckers Outdoor Corporation by 74.2% during the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 736 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in Deckers Outdoor Corporation by 75.5% during the second quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock valued at $132,000 after purchasing an additional 831 shares in the last quarter. James Investment Research Inc. purchased a new position in Deckers Outdoor Corporation during the second quarter valued at $148,000. Point72 Asia Hong Kong Ltd lifted its holdings in Deckers Outdoor Corporation by 185.2% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock valued at $150,000 after purchasing an additional 1,626 shares in the last quarter. Finally, PNC Finan

A number of other equities research analysts have also recently commented on DECK. ValuEngine cut shares of Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Morgan Stanley increased their target price on shares of Deckers Outdoor Corporation from $59.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Pivotal Research assumed coverage on shares of Deckers Outdoor Corporation in a research report on Thursday, October 5th. They set a “buy” rating and a $80.00 target price for the company. BidaskClub raised shares of Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Telsey Advisory Group upped their price target on shares of Deckers Outdoor Corporation from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $66.53.

Shares of Deckers Outdoor Corporation (NYSE:DECK) opened at 65.83 on Monday. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 94.58 and a beta of 1.33. The firm has a 50-day moving average of $65.80 and a 200 day moving average of $63.98. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $72.72.

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

WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/16/deckers-outdoor-corporation-deck-given-negative-rating-at-susquehanna-bancshares-inc.html.

Institutional investors and hedge funds have recently bought and sold shares of the business. Flinton Capital Management LLC lifted its holdings in Deckers Outdoor Corporation by 74.2% during the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 736 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in Deckers Outdoor Corporation by 75.5% during the second quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock valued at $132,000 after purchasing an additional 831 shares in the last quarter. James Investment Research Inc. purchased a new position in Deckers Outdoor Corporation during the second quarter valued at $148,000. Point72 Asia Hong Kong Ltd lifted its holdings in Deckers Outdoor Corporation by 185.2% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock valued at $150,000 after purchasing 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 second quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock valued at $175,000 after purchasing an additional 1,213 shares in the last quarter. 99.44% of the stock is currently owned by institutional investors and hedge funds.

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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