Citigroup Inc. reissued their buy rating on shares of Deckers Outdoor Corp (NASDAQ:DECK) in a research note issued to investors on Thursday, ARN reports. They currently have a $56.00 price target on the stock, down from their prior price target of $81.00.

Deckers Outdoor Corp (NASDAQ:DECK) traded up 4.70% during trading on Thursday, reaching $47.25. The company had a trading volume of 938,140 shares. The stock has a 50 day moving average price of $47.25 and a 200 day moving average price of $57.79. Deckers Outdoor Corp has a 52 week low of $40.74 and a 52 week high of $83.34. The firm has a market capitalization of $1.53 billion and a P/E ratio of 10.78.

Deckers Outdoor Corp (NASDAQ:DECK) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.05. During the same period in the previous year, the company posted $1.17 earnings per share. The business had revenue of $506.20 million for the quarter, compared to analyst estimates of $486.36 million. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts predict that Deckers Outdoor Corp will post $4.89 earnings per share for the current year.

DECK has been the topic of a number of other reports. Sterne Agee CRT reaffirmed a hold rating on shares of Deckers Outdoor Corp in a research report on Monday, November 16th. Brean Capital reaffirmed a buy rating and set a $63.00 price target (down from $70.00) on shares of Deckers Outdoor Corp in a research report on Wednesday, December 2nd. B. Riley reaffirmed a buy rating and set a $75.00 price target on shares of Deckers Outdoor Corp in a research report on Tuesday, October 27th. Telsey Advisory Group reaffirmed a market perform rating and set a $66.00 price target (down from $73.00) on shares of Deckers Outdoor Corp in a research report on Monday, November 2nd. Finally, Jefferies Group reduced their price target on Deckers Outdoor Corp from $105.00 to $90.00 in a research report on Friday, October 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $74.39.

Other large investors have recently bought and sold shares of the company. Creative Planning purchased a new stake in Deckers Outdoor Corp during the fourth quarter valued at about $0. Lenox Wealth Advisors bought a new position in shares of Deckers Outdoor Corp during the fourth quarter worth $0. CIBC World Markets bought a new position in shares of Deckers Outdoor Corp during the fourth quarter worth $397,000. Stanley Laman Group Ltd. raised its position in shares of Deckers Outdoor Corp by 12.3% in the fourth quarter. Stanley Laman Group Ltd. now owns 12,843 shares of the company’s stock worth $606,000 after buying an additional 1,402 shares in the last quarter. Finally, ICON Advisers bought a new position in shares of Deckers Outdoor Corp during the third quarter worth $679,000.

Deckers Outdoor Corporation (NASDAQ:DECK) offers footwear, apparel and accessories. The Company’s segments include operations of Deckers’ brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions; E-Commerce business, and retail store business. It sells its UGG footwear and accessories through department stores, independent specialty retailers and online retailers. The Company sells Teva footwear through specialty outdoor and sporting goods retailers. It sells Sanuk footwear through independent action sports retailers, outdoor retailers, specialty footwear retailers and national retail chains. The Company sells other brands at specialty running stores, department stores, outdoor specialty accounts, independent specialty retailers, and through online retailers. It operate its E-Commerce business through Uggaustralia.com, Teva.com, Sanuk.com, Ahnu.com, Hokaoneone.com, Mozo.com and Tsubo.com Websites. Its retail stores segment operates UGG concept stores and UGG outlet stores.

12 Month Chart for NASDAQ:DECK

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