Deckers Outdoor (DECK) Receiving Somewhat Positive News Coverage, Accern Reports
Press coverage about Deckers Outdoor (NYSE:DECK) has trended somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Deckers Outdoor earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the textile maker an impact score of 46.8132322675108 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Brokers Issue Forecasts for Deckers Outdoor Corporation’s FY2019 Earnings (DECK) (americanbankingnews.com)
- Deckers Outdoor Corporation (DECK) Expected to Post Quarterly Sales of $744.93 Million (americanbankingnews.com)
- Jefferies Group Weighs in on Deckers Outdoor Corporation’s Q3 2018 Earnings (DECK) (americanbankingnews.com)
- $3.86 Earnings Per Share Expected for Deckers Outdoor Corporation (DECK) This Quarter (americanbankingnews.com)
- Can Deckers (DECK) Keep the Earnings Streak Alive This Quarter? – Nasdaq (nasdaq.com)
DECK has been the topic of a number of recent research reports. FIG Partners reiterated a “buy” rating on shares of Deckers Outdoor in a report on Monday, October 16th. Robert W. Baird reiterated a “hold” rating and issued a $67.00 price objective on shares of Deckers Outdoor in a report on Friday, October 6th. BidaskClub downgraded shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. ValuEngine upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, UBS Group downgraded shares of Deckers Outdoor to a “neutral” rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. Deckers Outdoor presently has a consensus rating of “Hold” and an average price target of $71.69.
Deckers Outdoor (NYSE:DECK) opened at $80.97 on Tuesday. The firm has a market cap of $2,590.00, a price-to-earnings ratio of 80.97, a P/E/G ratio of 1.68 and a beta of 1.26. Deckers Outdoor has a fifty-two week low of $44.00 and a fifty-two week high of $81.84. The company has a current ratio of 2.43, a quick ratio of 1.26 and a debt-to-equity ratio of 0.03.
Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.52. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. The firm had revenue of $482.50 million for the quarter, compared to the consensus estimate of $440.11 million. During the same period in the previous year, the company earned $1.21 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. analysts anticipate that Deckers Outdoor will post 4.32 EPS for the current year.
Deckers Outdoor declared that its board has approved a stock buyback plan on Thursday, October 26th that authorizes the company to repurchase $335.00 million in outstanding shares. This repurchase authorization authorizes the textile maker to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
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Deckers Outdoor 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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