The stock of Deckers Outdoor Corp (NYSE:DECK) is a huge mover today! About 259,320 shares traded hands. Deckers Outdoor Corp (NYSE:DECK) has declined 1.33% since March 11, 2016 and is downtrending. It has underperformed by 6.79% the S&P500.
The move comes after 8 months negative chart setup for the $1.69B company. It was reported on Oct, 14 by Barchart.com. We have $51.90 PT which if reached, will make NYSE:DECK worth $135.20 million less.
Analysts await Deckers Outdoor Corp (NYSE:DECK) to report earnings on November, 3. They expect $1.20 earnings per share, up 8.11% or $0.09 from last year’s $1.11 per share. DECK’s profit will be $35.95 million for 11.75 P/E if the $1.20 EPS becomes a reality. After $-1.80 actual earnings per share reported by Deckers Outdoor Corp for the previous quarter, Wall Street now forecasts -166.67% EPS growth.
Deckers Outdoor Corp (NYSE:DECK) Ratings Coverage
Out of 18 analysts covering Deckers Outdoor (NYSE:DECK), 6 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 33% are positive. Deckers Outdoor has been the topic of 40 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, January 4 by B. Riley & Co. Canaccord Genuity maintained Deckers Outdoor Corp (NYSE:DECK) rating on Friday, May 27. Canaccord Genuity has “Buy” rating and $72 price target. Canaccord Genuity maintained Deckers Outdoor Corp (NYSE:DECK) on Friday, July 31 with “Buy” rating. The stock of Deckers Outdoor Corp (NYSE:DECK) has “Negative” rating given on Thursday, October 13 by Susquehanna. Telsey Advisory Group upgraded the stock to “Outperform” rating in Monday, August 15 report. Telsey Advisory Group maintained Deckers Outdoor Corp (NYSE:DECK) rating on Monday, November 2. Telsey Advisory Group has “Market Perform” rating and $66.0 price target. Macquarie Research maintained it with “Neutral” rating and $40 target price in Friday, February 5 report. As per Friday, February 5, the company rating was maintained by B. Riley & Co. Standpoint Research downgraded Deckers Outdoor Corp (NYSE:DECK) on Tuesday, August 2 to “Hold” rating. BB&T Capital downgraded Deckers Outdoor Corp (NYSE:DECK) on Friday, May 13 to “Underweight” rating.
According to Zacks Investment Research, “DECKERS OUTDOOR CORP. designs, manufactures, and markets innovative, function-oriented footwear and apparel that have been developed for high-performance outdoor, sports and other lifestyle related activities, as well as for casual use.”
Insitutional Activity: The institutional sentiment decreased to 0.67 in 2016 Q2. Its down 0.27, from 0.94 in 2016Q1. The ratio worsened, as 45 funds sold all Deckers Outdoor Corp shares owned while 79 reduced positions. 17 funds bought stakes while 66 increased positions. They now own 32.81 million shares or 1.69% less from 33.38 million shares in 2016Q1.
Peak6 Investments Limited Partnership has invested 0.02% of its portfolio in Deckers Outdoor Corp (NYSE:DECK). Ubs Asset Management Americas accumulated 0% or 21,572 shares. Pub Employees Retirement Association Of Colorado holds 6,786 shares or 0% of its portfolio. Pictet Asset Mngmt Limited holds 482,026 shares or 0.1% of its portfolio. Dekabank Deutsche Girozentrale has 0% invested in the company for 6,434 shares. The New York-based Armistice Limited Liability has invested 2.19% in Deckers Outdoor Corp (NYSE:DECK). Lazard Asset Mgmt Limited Liability Corporation has invested 0.35% of its portfolio in Deckers Outdoor Corp (NYSE:DECK). State Street Corp last reported 0.01% of its portfolio in the stock. Profund Advsrs Ltd Llc last reported 0.02% of its portfolio in the stock. Creative Planning reported 1,838 shares or 0% of all its holdings. Verity Asset has 0.78% invested in the company for 13,771 shares. Trillium Asset Management Ltd Co accumulated 0.27% or 71,854 shares. Wellington Mngmt Limited Liability Partnership has 72,947 shares for 0% of their US portfolio. Advsrs Asset holds 900 shares or 0% of its portfolio. Pear Tree Advsrs last reported 0.66% of its portfolio in the stock.
Insider Transactions: Since August 5, 2016, the stock had 0 insider purchases, and 3 sales for $3.66 million net activity. PERENCHIO JOHN G had sold 23,500 shares worth $1.58 million. Shares for $1.96M were sold by MARTINEZ ANGEL R on Tuesday, August 16. Powers David had sold 1,750 shares worth $112,299.
Another recent and important Deckers Outdoor Corp (NYSE:DECK) news was published by Fool.com which published an article titled: “Deckers Outdoor Corp.: “Less Bad” is Actually Good in Year of Transition” on August 05, 2016.
DECK Company Profile
Deckers Outdoor Corporation, incorporated on August 3, 1993, is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s divisions include activities 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. The Firm sells accessories, such as handbags and loungewear, through domestic and international retailers, international distributors and directly to end user clients both domestically and internationally, through its Websites, call centers and retail stores. The Firm markets its products primarily under three brands: UGG, Teva and Sanuk.
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