Media coverage about Deckers Outdoor (NYSE:DECK) has trended somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news 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 one, with scores closest to one being the most favorable. Deckers Outdoor earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the textile maker an impact score of 46.8133520418744 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.
A number of analysts recently commented on the company. ValuEngine upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Jefferies Group downgraded Deckers Outdoor from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Piper Jaffray Companies reissued a “hold” rating and issued a $66.00 target price on shares of Deckers Outdoor in a research report on Friday, September 29th. Finally, Wedbush reiterated a “neutral” rating and issued a $72.00 price target (up from $64.00) on shares of Deckers Outdoor in a research report on Tuesday, December 19th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $71.69.
Deckers Outdoor (NYSE:DECK) traded up $1.25 during midday trading on Friday, hitting $82.95. The stock had a trading volume of 283,787 shares, compared to its average volume of 541,195. Deckers Outdoor has a 12 month low of $44.00 and a 12 month high of $83.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.26 and a current ratio of 2.43. The company has a market cap of $2,650.00, a price-to-earnings ratio of 82.95, a PEG ratio of 1.73 and a beta of 1.26.
Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.52. Deckers Outdoor had a return on equity of 15.23% and a net margin of 1.80%. The company had revenue of $482.50 million during the quarter, compared to analyst estimates of $440.11 million. During the same quarter in the previous year, the company posted $1.21 EPS. Deckers Outdoor’s revenue for the quarter was down .7% on a year-over-year basis. sell-side analysts anticipate that Deckers Outdoor will post 4.34 earnings per share for the current year.
Deckers Outdoor declared that its Board of Directors has initiated a share repurchase plan on Thursday, October 26th that allows the company to buyback $335.00 million in outstanding shares. This buyback authorization allows the textile maker to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
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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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