Deckers Outdoor Corp (DECK) was Initiated by Guggenheim to “Neutral”. Guggenheim advised their investors in a research report released on Sep 30, 2016.
Many Wall Street Analysts have commented on Deckers Outdoor Corp. 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.Deckers Outdoor Corp was Downgraded by Standpoint Research to ” Hold” on Aug 2, 2016.
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 $60.7 and hit $61.58 on the upside on Tuesday, eventually ending the session at $61.41, with a gain of 1.19% or 0.72 points. The heightened volatility saw the trading volume jump to 3,01,181 shares. Company has a market cap of $1,968 M.
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 Uggaustralia.com Teva.com Sanuk.com Ahnu.com Hokaoneone.com Mozo.com and Tsubo.com Websites. Its retail stores segment operates UGG concept stores and UGG outlet stores.