Deckers Outdoor (NYSE:DECK) Rating Restated
In a research note released on Friday, 2 February, Deckers Outdoor (NYSE:DECK) stock “Buy” was reiterated by Pivotal Research Group. They currently have a $122.0 price target on the stock. Pivotal Research Group’s price target means a potential upside of 39.81 % from the company’s last stock close.
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 risen 6.00% in the same time.
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 1.05M shares as of Q2 2015 for 19% of the US equity exposure. D.C. Capital Advisors Ltd is another bullish fund who is having 100,000 shares of Deckers Outdoor or 3.63% of their US equity exposure. Also, 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 disclosed it had bought so far a stake worth about 2.29% of the fund’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 2 February, 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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The post Analysts at Pivotal Research Group Kept their “Buy” rating for Deckers Outdoor (NYSE:DECK) with $122.0 Target Price per Share appeared first on Octafinance.