Deckers Outdoor Corporation (DECK) has risen sharply, recording gains of 7.41% in the past 4 weeks. However, the stock has corrected -2.77% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.81% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Deckers Outdoor Corporation (NYSE:DECK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $63.03 and $63.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $64.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $64.18, notching a gain of 2.07% for the day. The total traded volume was 282,169 . The stock had closed at $62.88 on the previous day.
The stock has recorded a 20-day Moving Average of 2.72% and the 50-Day Moving Average is 10.42%. Deckers Outdoor Corp. is up 13.88% in the last 3-month period. Year-to-Date the stock performance stands at 35.97%.
Deckers Outdoor Corporation (DECK) : The highest level Deckers Outdoor Corporation (DECK) is projected to reach is $80 for the short term and the lowest estimate is at $42. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $62.17 and the possibility the share price can swing is $10.42.
Deckers Outdoor Corporation (Deckers) offers footwear, apparel and accessories. The Companys 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.