Deckers Outdoor (DECK) Downgraded by Tigress Financial

Tigress Financial downgraded shares of Deckers Outdoor (NYSE:DECK) from a buy rating to a neutral rating in a report published on Wednesday, MarketBeat Ratings reports. The analysts noted that the move was a valuation call.

A number of other equities research analysts also recently weighed in on DECK. Wedbush reissued a neutral rating and issued a $72.00 price target (up from $64.00) on shares of Deckers Outdoor in a report on Tuesday, December 19th. They noted that the move was a valuation call. ValuEngine raised shares of Deckers Outdoor from a hold rating to a buy rating in a report on Sunday, December 31st. Jefferies Group downgraded shares of Deckers Outdoor from a buy rating to a hold rating in a report on Tuesday, January 2nd. Zacks Investment Research downgraded shares of Deckers Outdoor from a buy rating to a hold rating in a report on Wednesday, January 3rd. Finally, Stifel Nicolaus reissued a buy rating and issued a $93.00 price target (up from $85.00) on shares of Deckers Outdoor in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $88.29.

How to Become a New Pot Stock Millionaire

Shares of NYSE DECK opened at $89.00 on Wednesday. Deckers Outdoor has a twelve month low of $56.48 and a twelve month high of $98.92. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.25 and a quick ratio of 2.16. The stock has a market capitalization of $2,826.91, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.33 and a beta of 1.00.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 1st. The textile maker reported $4.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.84 by $1.13. Deckers Outdoor had a net margin of 4.17% and a return on equity of 17.72%. The company had revenue of $810.50 million during the quarter, compared to the consensus estimate of $748.38 million. During the same period in the prior year, the company earned $4.11 EPS. Deckers Outdoor’s revenue was up 6.6% on a year-over-year basis. equities research analysts forecast that Deckers Outdoor will post 5.43 EPS for the current year.

In other news, COO David E. Lafitte sold 863 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $92.97, for a total value of $80,233.11. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Thomas George sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $94.97, for a total value of $712,275.00. Following the completion of the transaction, the chief financial officer now owns 41,493 shares in the company, valued at approximately $3,940,590.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,368 shares of company stock worth $1,451,457. Corporate insiders own 1.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of DECK. Alliancebernstein L.P. increased its holdings in shares of Deckers Outdoor by 1,206.8% in the 4th quarter. Alliancebernstein L.P. now owns 1,094,351 shares of the textile maker’s stock valued at $87,822,000 after purchasing an additional 1,010,608 shares during the period. American Century Companies Inc. increased its holdings in shares of Deckers Outdoor by 360.2% in the 4th quarter. American Century Companies Inc. now owns 810,815 shares of the textile maker’s stock valued at $65,068,000 after purchasing an additional 634,610 shares during the period. TIAA CREF Investment Management LLC increased its holdings in shares of Deckers Outdoor by 277.0% in the 4th quarter. TIAA CREF Investment Management LLC now owns 529,607 shares of the textile maker’s stock valued at $42,501,000 after purchasing an additional 389,116 shares during the period. NWQ Investment Management Company LLC acquired a new position in shares of Deckers Outdoor in the 4th quarter valued at about $30,681,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Deckers Outdoor by 334.5% in the 4th quarter. Renaissance Technologies LLC now owns 275,900 shares of the textile maker’s stock valued at $22,141,000 after purchasing an additional 212,400 shares during the period.

TRADEMARK VIOLATION NOTICE: “Deckers Outdoor (DECK) Downgraded by Tigress Financial” was originally reported by Week Herald and is the sole property of of Week Herald. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://weekherald.com/2018/04/22/deckers-outdoor-deck-downgraded-by-tigress-financial.html.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and sidewalk surfers shoe, and yoga mat and beer cozy sandal collections under the Sanuk brand name.

Analyst Recommendations for Deckers Outdoor (NYSE:DECK)

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply