Wunderlich Cuts Price Target on Deckers Outdoor (DECK)
Research analysts at Wunderlich dropped their target price on shares of Deckers Outdoor (NASDAQ: DECK) from $97.00 to $74.00 in a report released on Friday. The firm currently has a “buy” rating on the stock.
Shares of Deckers Outdoor opened at 51.829 on Friday. Deckers Outdoor has a 52 week low of $51.03 and a 52 week high of $118.90. The company has a market cap of $2.005 billion and a P/E ratio of 10.22.
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 $1.62 earnings per share next quarter.
DECK has been the subject of a number of other recent research reports. Analysts at Northland Securities downgraded shares of Deckers Outdoor from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Separately, analysts at Jefferies Group (NYSE: JEF) downgraded shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $65.00 price target on the stock. Finally, analysts at Canaccord Genuity downgraded shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $73.00 price target on the stock, down previously from $105.00.
Deckers Outdoor Corporation (Deckers) is a designer, producer, marketer, and brand manager of footwear and accessories.