Deckers Outdoor Corp (DECK) is Downgraded by Susquehanna to Neutral

Deckers Outdoor Corp (DECK) was Downgraded by Susquehanna to ” Neutral”. Earlier the firm had a rating of “Positive ” on the company shares. Susquehanna advised their investors in a research report released on Oct 13, 2016.

Many Wall Street Analysts have commented on Deckers Outdoor Corp. Deckers Outdoor Corp was Initiated by Guggenheim to “Neutral” on Sep 30, 2016. Company shares were Upgraded by Telsey Advisory Group on Aug 15, 2016 to ” Outperform”, Firm has raised the Price Target to $ 78 from a previous price target of $68 .Susquehanna Initiated Deckers Outdoor Corp on Aug 12, 2016 to “Neutral”, Price Target of the shares are set at $59.

On the company’s financial health, Deckers Outdoor Corp reported $-1.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-2.07. The company had revenue of $174.39 million for the quarter, compared to analysts expectations of $170.26 million. The company’s revenue was down -18.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-1.43 EPS.

Deckers Outdoor Corp closed down -1.4 points or -2.24% at $60.97 with 4,59,726 shares getting traded on Tuesday. Post opening the session at $62.02, the shares hit an intraday low of $60.64 and an intraday high of $62.68 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 18, 2016, Angel R Martinez (director) sold 29,058 shares at $67.61 per share price. According to the SEC, on Aug 12, 2016, John G Perenchio (director) sold 23,500 shares at $67.16 per share price. On Aug 8, 2016, David Powers (President & CEO) sold 1,750 shares at $64.17 per share price, according to the Form-4 filing with the securities and exchange commission.

Deckers Outdoor Corporation (Deckers) offers footwear apparel and accessories. The Company’s segments include operations of Deckers’ brands such as UGG Teva Sanuk and other brands; wholesale divisions; E-Commerce business and retail store business. It sells its UGG footwear and accessories through department stores independent specialty retailers and online retailers. The Company sells Teva footwear through specialty outdoor and sporting goods retailers. It sells Sanuk footwear through independent action sports retailers outdoor retailers specialty footwear retailers and national retail chains. The Company sells other brands at specialty running stores department stores outdoor specialty accounts independent specialty retailers and through online retailers. It operate its E-Commerce business through and Websites. Its retail stores segment operates UGG concept stores and UGG outlet stores.

Deckers Outdoor Corp

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