Deckers Outdoor (DECK) Getting Somewhat Positive Press Coverage, Study Finds

Media stories about Deckers Outdoor (NYSE:DECK) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog 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 earned a news impact score of 0.16 on Accern’s scale. Accern also gave media stories about the textile maker an impact score of 46.6692879583595 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Deckers Outdoor (DECK) opened at $83.53 on Friday. The stock has a market capitalization of $2,670.00, a P/E ratio of 83.53, a P/E/G ratio of 1.74 and a beta of 1.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.26. Deckers Outdoor has a 12-month low of $44.00 and a 12-month high of $84.19.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.52. The firm had revenue of $482.50 million for the quarter, compared to analysts’ expectations of $440.11 million. Deckers Outdoor had a return on equity of 15.23% and a net margin of 1.80%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 EPS. equities analysts anticipate that Deckers Outdoor will post 4.34 earnings per share for the current fiscal year.

Deckers Outdoor declared that its board has authorized a stock repurchase plan on Thursday, October 26th that permits the company to buyback $335.00 million in outstanding shares. This buyback authorization permits the textile maker to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

DECK has been the topic of a number of analyst reports. Canaccord Genuity set a $76.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research report on Wednesday, October 25th. FIG Partners reaffirmed a “buy” rating on shares of Deckers Outdoor in a research report on Monday, October 16th. Stifel Nicolaus upped their price objective on Deckers Outdoor from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, October 6th. Pivotal Research started coverage on Deckers Outdoor in a research report on Thursday, October 5th. They issued a “buy” rating and a $80.00 price objective on the stock. Finally, BidaskClub raised Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company’s stock. Deckers Outdoor presently has a consensus rating of “Hold” and an average target price of $72.31.

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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.

Insider Buying and Selling by Quarter for Deckers Outdoor (NYSE:DECK)

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