Media coverage about Deckers Outdoor (NYSE:DECK) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing 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 0.13 on Accern’s scale. Accern also assigned media headlines about the textile maker an impact score of 46.0662104626394 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- UGG Maker Deckers Urges Support for Directors – TheStreet.com (thestreet.com)
- BRIEF-DECKERS Outdoor Corp says board sending letter to stockholders (reuters.com)
- Deckers Brands Mails Letter to Stockholders Underscoring Board and Management’s Success in Delivering Significant Value (finance.yahoo.com)
- Notable Thursday Option Activity: HEES, DECK, BKS (thestreet.com)
- Deckers Brands Files Investor Presentation Highlighting Progress of Transformation and Board Strength (finance.yahoo.com)
DECK has been the topic of several research reports. Pivotal Research initiated coverage on Deckers Outdoor in a report on Thursday, October 5th. They issued a “buy” rating and a $80.00 target price on the stock. BidaskClub raised Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Tuesday, October 3rd. Jefferies Group LLC set a $74.00 target price on Deckers Outdoor and gave the stock a “buy” rating in a report on Saturday, July 29th. Stifel Nicolaus set a $74.00 target price on Deckers Outdoor and gave the stock a “buy” rating in a report on Sunday, July 30th. Finally, Canaccord Genuity set a $76.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $69.43.
Shares of Deckers Outdoor (NYSE:DECK) traded up $0.53 during mid-day trading on Tuesday, hitting $73.09. The stock had a trading volume of 725,865 shares, compared to its average volume of 749,202. The firm has a market capitalization of $2,340.00, a P/E ratio of 15.92, a PEG ratio of 1.56 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 has a 1-year low of $44.00 and a 1-year high of $73.61.
Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.52. The business had revenue of $482.50 million for the quarter, compared to the consensus estimate of $440.11 million. Deckers Outdoor had a return on equity of 21.12% and a net margin of 10.27%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 earnings per share. sell-side analysts forecast that Deckers Outdoor will post 4.27 earnings per share for the current year.
Deckers Outdoor declared that its board has initiated a stock repurchase 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. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
About Deckers Outdoor
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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