Press coverage about Deckers Outdoor (NYSE:DECK) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Deckers Outdoor earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the textile maker an impact score of 46.7236371999852 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- JP Morgan Launches Long-Short ETF (nasdaq.com)
- Form 4 DECKERS OUTDOOR CORP For: Feb 02 Filed by: Lafitte David E. (streetinsider.com)
- Deckers Outdoor Corp (DECK) Expected to Post Quarterly Sales of $377.25 Million (americanbankingnews.com)
- Deckers Outdoor Corp (DECK) Director Karyn Odette Barsa Sells 1,085 Shares (americanbankingnews.com)
- David Powers Sells 2,500 Shares of Deckers Outdoor Corp (DECK) Stock (americanbankingnews.com)
Shares of Deckers Outdoor (NYSE:DECK) opened at $93.26 on Friday. Deckers Outdoor has a 52 week low of $49.78 and a 52 week high of $98.62. The firm has a market capitalization of $2,898.26, a P/E ratio of 38.54, a P/E/G ratio of 1.44 and a beta of 1.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.16 and a current ratio of 3.25.
Deckers Outdoor announced that its Board of Directors has approved a share buyback program on Thursday, October 26th that permits the company to repurchase $335.00 million in shares. This repurchase authorization permits the textile maker to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
A number of research analysts have recently commented on DECK shares. BidaskClub lowered Deckers Outdoor from a “buy” rating to a “hold” rating in a report on Friday, October 13th. UBS Group lowered Deckers Outdoor to a “neutral” rating in a report on Monday, October 16th. Susquehanna Bancshares restated a “negative” rating and set a $40.00 target price (down previously from $57.00) on shares of Deckers Outdoor in a research note on Monday, October 16th. FIG Partners restated a “buy” rating on shares of Deckers Outdoor in a research note on Monday, October 16th. Finally, Canaccord Genuity set a $76.00 target price on Deckers Outdoor and gave the company a “buy” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Deckers Outdoor currently has an average rating of “Hold” and an average target price of $87.43.
In other Deckers Outdoor news, COO David E. Lafitte sold 863 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $92.97, for a total value of $80,233.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas George sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $94.97, for a total value of $712,275.00. Following the completion of the sale, the chief financial officer now owns 41,493 shares of the company’s stock, valued at approximately $3,940,590.21. The disclosure for this sale can be found here. Insiders sold a total of 14,168 shares of company stock valued at $1,341,189 in the last quarter. Corporate insiders own 1.90% of the company’s stock.
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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