Deckers Outdoor Corporation (DECK) : Analyst Rating Update

Deckers Outdoor Corporation (DECK) : 3 brokerage houses believe that Deckers Outdoor Corporation (DECK) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Deckers Outdoor Corporation (DECK). Zacks Investment Research suggests a Strong Sell with a rank of 5. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Hold with a rating of 2.86.

Deckers Outdoor Corporation (DECK) : Currently there are 12 street experts covering Deckers Outdoor Corporation (DECK) stock. The most bullish and bearish price target for the stock is $75 and $42 respectively for the short term. The average price target of all the analysts comes to $55.5. The estimated standard deviation from the target is $9.86.

Deckers Outdoor Corporation (NYSE:DECK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.83 and $56.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.61, notching a gain of 1.09% for the day. The total traded volume was 324,285 . The stock had closed at $56.99 on the previous day.

Also, Brokerage firm Citigroup maintains its rating on Deckers Outdoor Corporation (NYSE:DECK). As per the latest information, the brokerage house raises the price target to $56 per share from a prior target of $53. The shares have been rated Neutral. The rating by the firm was issued on June 14, 2016. The company shares have dropped -20.08% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $74.72 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $54.06 and the 200 Day Moving Average price is recorded at $53.42.

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,,,,, and Websites. Its retail stores segment operates UGG concept stores and UGG outlet stores.

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