Deckers Outdoor Corporation (DECK) Earning Somewhat Favorable Media Coverage, Accern Reports
Headlines about Deckers Outdoor Corporation (NYSE:DECK) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Deckers Outdoor Corporation earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned headlines about the textile maker an impact score of 46.3372517334271 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Deckers Brands Mails Letter to Stockholders Reinforcing Board’s Confidence in Its Transformation Strategy that is Delivering Strong Performance (finance.yahoo.com)
- Deckers Outdoor Corp. breached its 50 day moving average in a Bearish Manner : DECK-US : November 8, 2017 (finance.yahoo.com)
- Are Investors Right To Be Bullish On Deckers Outdoor Corp (DECK), Tower Semiconductor Ltd. (TSEM), More? – Investing.com (investing.com)
- Marcato Pushes to Replace Entire Board at Ugg Shoemaker Deckers – TheStreet.com (thestreet.com)
- Marcato Files Definitive Proxy Statement For Deckers’ 2017 Annual … – PR Newswire (press release) (prnewswire.com)
DECK has been the subject of several research reports. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $57.00 price objective (down from $60.00) on shares of Deckers Outdoor Corporation in a report on Monday, July 24th. Piper Jaffray Companies set a $66.00 target price on shares of Deckers Outdoor Corporation and gave the stock a “hold” rating in a research report on Thursday, July 27th. Telsey Advisory Group increased their target price on shares of Deckers Outdoor Corporation from $68.00 to $72.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Canaccord Genuity set a $76.00 target price on shares of Deckers Outdoor Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Stifel Nicolaus set a $74.00 price target on shares of Deckers Outdoor Corporation and gave the stock a “buy” rating in a research note on Sunday, July 30th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $69.43.
Shares of Deckers Outdoor Corporation (DECK) traded up $1.95 during trading hours on Friday, reaching $68.45. The company had a trading volume of 509,402 shares, compared to its average volume of 711,265. Deckers Outdoor Corporation has a 1 year low of $44.00 and a 1 year high of $73.45. The company has a market cap of $2,190.00, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.26 and a current ratio of 2.43.
Deckers Outdoor Corporation (NYSE:DECK) last posted its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 EPS for the quarter, beating the consensus estimate of $1.02 by $0.52. The firm had revenue of $482.50 million during the quarter, compared to analysts’ expectations of $440.11 million. Deckers Outdoor Corporation had a return on equity of 15.23% and a net margin of 1.80%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 EPS. research analysts predict that Deckers Outdoor Corporation will post 4.3 EPS for the current fiscal year.
Deckers Outdoor Corporation declared that its Board of Directors has approved a share buyback plan on Thursday, October 26th that permits the company to repurchase $335.00 million in outstanding shares. This repurchase authorization permits the textile maker to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
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Deckers Outdoor Corporation Company Profile
Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.
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