Deckers Outdoor Corp (DECK) is Downgraded by BB&T Capital Mkts to Underweight

Deckers Outdoor Corp (DECK) was Downgraded by BB&T Capital Mkts to ” Underweight”. Earlier the firm had a rating of “Hold ” on the company shares. BB&T Capital Mkts advised their investors in a research report released on May 13, 2016.

Many Wall Street Analysts have commented on Deckers Outdoor Corp. Company shares were Reiterated by Canaccord Genuity on Mar 31, 2016 to “Buy”, Firm has raised the Price Target to $ 72 from a previous price target of $67 .

On the company’s financial health, Deckers Outdoor Corp reported $4.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $4.75. The company had revenue of $795.90 million for the quarter, compared to analysts expectations of $832.94 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.50 EPS.

Deckers Outdoor Corp closed down -0.23 points or -0.41% at $56.45 with 4,81,867 shares getting traded on Tuesday. Post opening the session at $56.43, the shares hit an intraday low of $55.68 and an intraday high of $56.77 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 11, 2015, Karyn Odette Barsa (director) sold 1,500 shares at $62.78 per share price. According to the SEC, on Feb 25, 2015, David Powers (President, Omni Channel) sold 1,650 shares at $76.06 per share price. On Feb 11, 2015, Thomas George (CFO) sold 2,552 shares at $75.00 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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