Deckers Outdoor (NYSE:DECK) Rating Reconfirmed
In analysts note sent to investors on Monday morning, Deckers Outdoor (NYSE:DECK) stock had its Buy Rating reiterated by research professionals at Canaccord. They currently have a $100.0 price target on firm. Canaccord’s target means a potential upside of 13.07 % from the company’s last stock price.
NYSE:DECK is now trading 1.77% higher at $71.32 as of 10:05 AM New York time. Deckers Outdoor’s stock is 0% in the past 200 days. It has underperformed the S&P500 Index, which has added 6.00% in the same time.
Out of 18 analysts covering Deckers Outdoor, 8 rate it a Buy, 13 indicate a Hold while 1 suggest a Sell. The highest target is $75 and the lowest is $40 according to Thomson/First Call. The 12-month mean target is $57.78, which means downside potential of 18.98% over the current price.
Red Mountain Capital Partners Llc had the biggest stake with ownership of 1.05M shares as of q2 2015 for 19% of the US equity exposure. D.C. Capital Advisors Ltd is another notably bullish institutional investor who is having 100,000 shares of Deckers Outdoor or 3.63% of their US equity exposure. Furthermore, Euclidean Technologies Management Llc have 2.37% of their US equity exposure invested in the company for 38,645 shares. The New York-based fund Armistice Capital Llc revealed it had bought so far a stake worth about 2.29% of the institutional investor’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 US 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 29 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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