Deckers Outdoor (NYSE:DECK) Rating Change
Equity research analysts at Jefferies’s research division decreased Deckers Outdoor (NYSE:DECK)’s stock rating from “Buy” to “Hold” on 2 January.
According to data compiled by Thomson Reuters, Deckers Outdoor (NYSE:DECK)’s stock is covered by 18 equity analysts across the Street, with 1 analysts giving it a Sell rating, 8 a Buy rating, while 13 consider it a Hold. The 12-month consensus target price for the stock is $57.78, which reflects an downside potential of 18.98% over the current price.
Red Mountain Capital Partners Llc had the most significant stake with ownership of 1.05 million shares as of q2 2015 for 19% of the equity exposure. D.C. Capital Advisors Ltd is another quite bullish investment professional who is having 100,000 shares of Deckers Outdoor or 3.63% of their equity exposure. In addition, Euclidean Technologies Management Llc have 2.37% of their equity exposure invested in the company for 38,645 shares. The New York-based fund Armistice Capital Llc revealed it had acquired a stake worth about 2.29% of the investment professional’s stock portfolio in Deckers Outdoor. The Illinois-based fund Tyvor Capital Llc is also positive about the stock, possessing 120,000 shares or 1.87% of their equity exposure.
Deckers Outdoor (NYSE:DECK) 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. The Company sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user consumers both domestically and internationally, through its Websites, call centers and retail stores.
Deckers Outdoor (NYSE:DECK) traded up 1.77% on 2 January, hitting $71.32. A total of 784,643 shares of the company’s stock traded hands. This is up from average of 715,807 shares. Deckers Outdoor has a 52 week low of $44.00 and a 52 week high of $73.45. The company has a market cap of $2.32B and a P/E ratio of 71.52.
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