Standpoint Research Upgrades Deckers Outdoor to Buy (DECK)
Deckers Outdoor (NASDAQ: DECK) was upgraded by equities researchers at Standpoint Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm currently has a $70.00 target price on the stock.
Shares of Deckers Outdoor opened at 53.97 on Thursday. Deckers Outdoor has a one year low of $50.18 and a one year high of $118.90. The company has a market cap of $2.084 billion and a P/E ratio of 11.27.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.20 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.25 EPS by $0.05. The company’s quarterly revenue was up 20.2% on a year-over-year basis. On average, analysts predict that Deckers Outdoor will post $1.48 earnings per share next quarter.
DECK has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Deckers Outdoor in a research note to investors on Monday. They now have a $54.00 price target on the stock. Separately, analysts at Stifel Nicolaus cut their price target on shares of Deckers Outdoor from $97.00 to $74.00 in a research note to investors on Sunday, April 29th. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Deckers Outdoor from $125.00 to $75.00 in a research note to investors on Friday, April 27th. They now have an “overweight” rating on the stock.
Deckers Outdoor Corporation (Deckers) is a designer, producer, marketer, and brand manager of footwear, apparel, and accessories.