Analysis: Deckers Outdoor (NYSE:DECK) Stock Target Has Just Been Increased Today
In a very recent research note announced by Susquehanna on Friday, 11 December, the firm, Deckers Outdoor (NYSE:DECK), had their Estimated Target Price downgraded to $78.00. Analusts now have a solid “Positive” 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 11 a ”Hold”. This means that 48% 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 $72 with a 31.35% above today’s ($50.4) stock price. Deckers Outdoor was the topic of 9 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 473,685 shares of stock traded hands. Deckers Outdoor Corp (NYSE:DECK) has declined 32.79% since May 8, 2015 and is downtrending. It has underperformed by 29.77% the S&P500.
The overall sentiment of institutions has increased to 1 in Q2 2015. Its up 0.11, from 0.89 in 2015Q2. The ratio is positive, as 40 institutions have sold all the shares of Deckers Outdoor Corp that they owned while 92 funds have taken shares off the table. 35 funds have purchased shares for the first time while 97 added to their positions. These institutions now hold 43.37 million shares or 30.73% more than the 33.18 million shares they owned in 2015Q2.
The Fund Red Mountain Capital Partners Llc currently is holding shares equating to 16.18% of its total portfolio in Deckers Outdoor Corp representing a total of 1.05 million shares. Another fund,Cooper Creek Partners Management Llc, is holding a total of 44,703 shares equating to 2.62% of their holdings. Additionally, Armistice Capital Llc has a 120,000 share stake in Deckers Outdoor Corp which represents 2.38% of their total portfolio. The Fund, New Amsterdam Partners Llc Ny, based out of New York, has also built up a stake in the stock, which represents a total of 2.14% of their total portfolio. Finally Garnet Equity Capital Holdings Inc., a fund which is based in the state of New York reported a total holdings of 70,000 shares.
Insider activity is a very important aspect to track on any stock. Going back to September 11, 2015, shareholders of Deckers Outdoor Corp have witnessed 0 buys, and a total of 1 sale equating to a net activity of approximately $94,170 . Barsa Karyn Odette sold 1,500 shares worth approximately $94,170.
Deckers Outdoor Corporation offers footwear, apparel and accessories. The company has a market cap of $1.65 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 11.95 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).