Media stories about Deckers Outdoor (NYSE:DECK) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Deckers Outdoor earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news headlines about the textile maker an impact score of 46.8132322675108 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Deckers Outdoor (NYSE:DECK) opened at $82.95 on Friday. The company has a quick ratio of 1.26, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. Deckers Outdoor has a one year low of $44.00 and a one year high of $83.10. The firm has a market capitalization of $2,650.00, a P/E ratio of 82.95, a P/E/G ratio of 1.73 and a beta of 1.26.
Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 earnings per share for the quarter, beating 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 had a return on equity of 15.23% and a net margin of 1.80%. The firm’s revenue was down .7% compared to the same quarter last year. During the same period last year, the business earned $1.21 EPS. research analysts predict that Deckers Outdoor will post 4.34 earnings per share for the current fiscal year.
Deckers Outdoor declared that its Board of Directors has approved a stock buyback program on Thursday, October 26th that allows the company to repurchase $335.00 million in outstanding shares. This repurchase authorization allows the textile maker to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
A number of equities research analysts have recently weighed in on DECK shares. Canaccord Genuity set a $76.00 price target on Deckers Outdoor and gave the stock a “buy” rating in a research note on Wednesday, October 25th. FIG Partners reissued a “buy” rating on shares of Deckers Outdoor in a research note on Monday, October 16th. Stifel Nicolaus raised their price objective on Deckers Outdoor from $74.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, October 6th. Pivotal Research assumed coverage on Deckers Outdoor in a research note on Thursday, October 5th. They issued a “buy” rating and a $80.00 price objective on the stock. Finally, BidaskClub raised Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $71.69.
About Deckers Outdoor
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.
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