Susquehanna Upgrades Deckers Outdoor Corp to Neutral with Price Target $40

Brokerage firm Susquehanna Upgrades its rating on Deckers Outdoor Corp(DECK). As per the latest information, Susquehanna Lowers the price target to $40 per share from a prior target of $46. The shares have been rated Neutral. Previously, the analysts had a Negative rating on the shares. The rating by Susquehanna was issued on Feb 3, 2017.

In a different note, On Feb 1, 2017, Evercore ISI Group said it Downgrades its rating on Deckers Outdoor Corp. The shares have been rated ‘Hold’ by the firm. On Jan 18, 2017, Buckingham said it Upgrades its rating on Deckers Outdoor Corp. The shares have been rated ‘Buy’ by the firm.

Deckers Outdoor Corp (DECK) shares turned negative on Tuesdays trading session with the shares closing down -1.23 points or -2.66% at a volume of 17,06,702. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $46.48. The peak price level was also seen at $46.48 while the days lowest was $44.956. Finally the shares closed at $44.99. The 52-week high of the shares is $69.94 while the 52-week low is $44.956. According to the latest information available, the market cap of the company is $1,443 M.

Deckers Outdoor Corp(DECK) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2017 and Q3.Company reported revenue of $760.345M. Analysts had an estimated revenue of $788.970M. Earnings per share were $4.11. Analysts had estimated an EPS of $4.24.

Several Insider Transactions has been reported to the SEC. On Aug 18, 2016, Angel R Martinez (director) sold 29,058 shares at $67.61 per share price.Also, 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 and Websites. Its retail stores segment operates UGG concept stores and UGG outlet stores.

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