Barclays Capital Lowers Price Target on Deckers Outdoor (DECK)

By admin | 6 years ago

Analysts at Barclays Capital (NYSE: BCS) lowered their price target on shares of Deckers Outdoor (NASDAQ: DECK) from $125.00 to $75.00 in a research report issued to clients and investors on Friday. The firm currently has an “overweight” rating on the stock.

A number of other analysts have also recently weighed in on DECK. Analysts at Auriga 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. Separately, 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. Finally, 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.

Deckers Outdoor opened at 51.829 on Friday. Deckers Outdoor has a 1-year low of $51.03 and a 1-year high of $118.90. The company has a market cap of $2.005 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 and accessories.

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