Deckers Outdoor Corp (DECK) is Upgraded by Telsey Advisory Group to Outperform, Raises Price Target to $ 78

Deckers Outdoor Corp (DECK) was Upgraded by Telsey Advisory Group to ” Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 78 from a previous price target of $68 . Earlier the firm had a rating of “Market Perform ” on the company shares. Telsey Advisory Group advised their investors in a research report released on Aug 15, 2016.

Many Wall Street Analysts have commented on Deckers Outdoor Corp. Susquehanna Initiated Deckers Outdoor Corp on Aug 12, 2016 to “Neutral”, Price Target of the shares are set at $59.Deckers Outdoor Corp was Downgraded by Standpoint Research to ” Hold” on Aug 2, 2016. Company shares were Reiterated by Telsey Advisory Group on Jul 29, 2016 to “Market Perform”, Firm has raised the Price Target to $ 68 from a previous price target of $57 .

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 opened for trading at $66.3 and hit $67.64 on the upside on Friday, eventually ending the session at $67.01, with a gain of 1.07% or 0.71 points. The heightened volatility saw the trading volume jump to 6,87,483 shares. Company has a market cap of $2,147 M.

In a different news, on Aug 12, 2016, John G Perenchio (director) sold 23,500 shares at $67.16 per share price. According to the SEC, on Aug 8, 2016, David Powers (President & CEO) sold 1,750 shares at $64.17 per share price. On Sep 11, 2015, Karyn Odette Barsa (director) sold 1,500 shares at $62.78 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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