BB&T; (BBT) Analysts Upgrade Deckers Outdoor (DECK) Shares to "Buy"
Thursday, June 23, 2021 9:51 AM

Equities research analysts at BB&T (NYSE: BBT) upgraded shares of Deckers Outdoor (NASDAQ: DECK) from a "hold" rating to a "buy" rating in a research note to investors on Thursday.

Separately, analysts at Piper Jaffray (NYSE: PJC) reiterated a "neutral" rating on shares of Deckers Outdoor in a research note to investors on Thursday, June 9th. Also, analysts at Zacks Investment Research downgraded shares of Deckers Outdoor from an "outperform" rating to a "neutral" rating in a research note to investors on Tuesday, May 3rd. They now have a $88.00 price target on the stock.

Shares of Deckers Outdoor opened at 82.18 on Friday. Deckers Outdoor has a 52 week low of $42.92 and a 52 week high of $97.00. The stock's 50-day moving average is $85.79 and its 200-day moving average is $84.52. The company has a market cap of $3.178 billion and a price-to-earnings ratio of 20.24.

Deckers Outdoor last announced its quarterly results on Thursday, April 28th. The company reported $0.49 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.45 EPS by $0.04. During the same quarter in the prior year, the company posted $1.37 earnings per share. The company’s quarterly revenue was up 31.40% on a year-over-year basis. On average, analysts predict that Deckers Outdoor will post $1.50 EPS next quarter.

Deckers Outdoor Corporation is engaged in designing, producing, marketing and brand managing of footwear and accessories. The Company sells its products, including accessories, such as handbags, headwear, packs and outerwear, through domestic retailers and international distributors and directly to the consumers, both domestically and internationally, through its Websites, call centers, retail concept stores and retail outlet stores. The Company markets its products under three brands: UGG, Teva and Simple. The Company acquired 100% of the ownership interest of Ahnu, Inc. in March 2009.

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