Deckers Outdoor (NYSE:DECK) Has Just Had Its Target Price per Share Cut by Analysts at Brean Murray to $63.00

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Analysis: Deckers Outdoor (NYSE:DECK) Stock Target Has Been Increased Today

In recent note sent to investors and clients by Brean Murray on Wednesday morning, the firm, Deckers Outdoor (NYSE:DECK), had their target price downgraded to $63.00. Analusts currently have a solid Buy rating on the stock.

From a total of 18 analysts covering Deckers Outdoor (NYSE:DECK) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 12 a ”Hold”. This means that 45% of the ratings are positive. The highest target price is $90 while the lowest target price is $55. The mean of all analyst targets is $76.06 with a 26.15% above today’s ($52.32) stock price. Deckers Outdoor was the topic of 8 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Piper Jaffray maintained shares on November 30 with “Neutral” rating. Sterne Agee CRT downgraded DECK stock in a recent report from October 27 to “Neutral” rating.

Approximately 643,895 shares of stock traded hands. Deckers Outdoor Corp (NYSE:DECK) has declined 33.89% since April 29, 2015 and is downtrending. It has underperformed by 33.69% the S&P500.

Deckers Outdoor Corporation offers footwear, apparel and accessories. The company has a market cap of $1.69 billion. The Company’s divisions include activities of Deckers’ brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions; E-Commerce business, and retail store business. It has 12.4 P/E ratio. It sells its UGG footwear and accessories through department stores, independent specialty retailers and online retailers.

According to Zacks Investment Research, “DECKERS OUTDOOR CORP. designs, manufactures, and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle related activities, as well as for casual use.” Get a free copy of the Zacks research report on Deckers Outdoor Corp (DECK).

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