Auriga Cuts Deckers Outdoor to Hold (DECK)

By admin | 6 years ago

Deckers Outdoor (NASDAQ: DECK) was downgraded by analysts at Auriga from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday. They currently have a $65.00 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich cut their price target on shares of Deckers Outdoor from $97.00 to $74.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.

Deckers Outdoor traded down 1.58% on Friday, hitting $51.01. 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 $1.974 billion and a price-to-earnings 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. Analysts expect that Deckers Outdoor will post $1.62 EPS next quarter.

Deckers Outdoor Corporation (Deckers) is a designer, producer, marketer, and brand manager of footwear, apparel, and accessories.

About the author