Deckers Outdoor Corporation (DECK) Receiving Somewhat Positive Media Coverage, Analysis Finds
Press coverage about Deckers Outdoor Corporation (NYSE:DECK) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Deckers Outdoor Corporation earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the textile maker an impact score of 46.2368754166068 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Notable Thursday Option Activity: HEES, DECK, BKS (thestreet.com)
- Deckers Brands Files Investor Presentation Highlighting Progress of Transformation and Board Strength (finance.yahoo.com)
- Deckers Outdoor Corp : Corporate News Blog – Deckers’ Board Takes Action to Resolve Lawsuit Filed by Activist Investor Marcato Capital Management (4-traders.com)
- Marcato Releases Investor Presentation To Deckers Stockholders; Comments On Deckers’ Response To Marcato’s … – PR Newswire (press release) (prnewswire.com)
- Deckers Shares Poised To Appreciate More Than 50% – Seeking Alpha (seekingalpha.com)
Shares of Deckers Outdoor Corporation (NYSE DECK) traded up $1.62 during mid-day trading on Thursday, hitting $70.07. 474,065 shares of the stock were exchanged, compared to its average volume of 749,007. 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 capitalization of $2,240.00, a price-to-earnings ratio of 15.55, a PEG ratio of 1.51 and a beta of 1.19. Deckers Outdoor Corporation has a twelve month low of $44.00 and a twelve month high of $73.45.
Deckers Outdoor Corporation (NYSE:DECK) last issued its earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.52. The business had revenue of $482.50 million for the quarter, compared to the consensus estimate of $440.11 million. Deckers Outdoor Corporation had a net margin of 1.80% and a return on equity of 15.23%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 earnings per share. equities analysts predict that Deckers Outdoor Corporation will post 4.3 EPS for the current year.
Deckers Outdoor Corporation declared that its Board of Directors has authorized a share buyback program on Thursday, October 26th that permits the company to buyback $335.00 million in outstanding shares. This buyback authorization permits the textile maker to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
Several research analysts recently weighed in on the stock. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $57.00 price objective (down previously from $60.00) on shares of Deckers Outdoor Corporation in a research note on Monday, July 24th. BidaskClub raised shares of Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Morgan Stanley lifted their price objective on shares of Deckers Outdoor Corporation from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Jefferies Group LLC set a $82.00 price objective on shares of Deckers Outdoor Corporation and gave the stock a “buy” rating in a research note on Sunday, October 29th. Finally, Zacks Investment Research lowered shares of Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. Deckers Outdoor Corporation presently has an average rating of “Hold” and an average target price of $69.43.
TRADEMARK VIOLATION NOTICE: This piece was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.watchlistnews.com/deckers-outdoor-corporation-deck-receiving-somewhat-positive-media-coverage-analysis-finds/1708255.html.
Deckers Outdoor Corporation Company Profile
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.
Receive News & Ratings for Deckers Outdoor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.