Deckers Outdoor (DECK) Gets a Hold Rating from Pivotal Research

In a report released today, Mitch Kummetz from Pivotal Research reiterated a Hold rating on Deckers Outdoor (DECK), with a price target of $138. The company’s shares closed yesterday at $128.45.

Kummetz wrote:

“We downgraded DECK last March at $97.50, based on a tough comparison and history that told us this stock is not best owned following a good winter season. Had we known that last winter would be followed by an even better winter this year, we may have reconsidered our decision. That said, DECK’s shares have nearly tripled over the period that its EPS is more than doubling, and as this outpaced EPS growth is partly based on two years of abnormally favorable weather, we’re content to wait for a better entry point.”

According to TipRanks.com, Kummetz is a 4-star analyst with an average return of 5.6% and a 61.1% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Genesco Inc.

Deckers Outdoor has an analyst consensus of Moderate Buy, with a price target consensus of $142.75.

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Deckers Outdoor’s market cap is currently $3.77B and has a P/E ratio of 26.61. The company has a Price to Book ratio of 4.46.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.

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Deckers Outdoor Corp. engages in the business of designing, marketing and distributing footwear, apparel and accessories developed for both everyday casual lifestyle use and high performance activities. The company operates through six segments: UGG, Teva, Sanuk, Other Brands Wholesale, eCommerce and Retail Store.