Stock Buzzer: 0.85 is Deckers Outdoor Corp’s (NYSE:DECK) Institutional Investor Sentiment

November 29, 2016 - By Vivian Park   ·   0 Comments

Stock Buzzer: 0.85 is Deckers Outdoor Corp's (NYSE:DECK) Institutional Investor Sentiment

Sentiment for Deckers Outdoor Corp (NYSE:DECK)

Deckers Outdoor Corp (NYSE:DECK) institutional sentiment increased to 0.85 in Q2 2016. Its up 0.18, from 0.67 in 2016Q1. The ratio has increased, as 83 hedge funds started new or increased holdings, while 124 reduced and sold holdings in Deckers Outdoor Corp. The hedge funds in our partner’s database now hold: 32.81 million shares, down from 33.38 million shares in 2016Q1. Also, the number of hedge funds holding Deckers Outdoor Corp in their top 10 holdings decreased from 4 to 3 for a decrease of 1. Sold All: 45 Reduced: 79 Increased: 66 New Position: 17.

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 has a market cap of $1.86 billion. The Company’s divisions include activities of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer business, which includes E-Commerce business and retail store business. It has a 17.32 P/E ratio. 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.

About 640,487 shares traded hands. Deckers Outdoor Corp (NYSE:DECK) has risen 6.46% since April 26, 2016 and is uptrending. It has outperformed by 1.20% the S&P500.

Analysts await Deckers Outdoor Corp (NYSE:DECK) to report earnings on February, 2. They expect $4.22 EPS, down 11.72% or $0.56 from last year’s $4.78 per share. DECK’s profit will be $132.68 million for 3.50 P/E if the $4.22 EPS becomes a reality. After $1.23 actual EPS reported by Deckers Outdoor Corp for the previous quarter, Wall Street now forecasts 243.09% EPS growth.

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.”

Red Mountain Capital Partners Llc holds 16.51% of its portfolio in Deckers Outdoor Corp for 1.05 million shares. D.C. Capital Advisors Ltd owns 100,000 shares or 3.37% of their US portfolio. Moreover, Euclidean Technologies Management Llc has 2.38% invested in the company for 38,645 shares. The New York-based Armistice Capital Llc has invested 2.19% in the stock. Suffolk Capital Management Llc, a New York-based fund reported 215,591 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 sales for $3.66 million net activity.

Deckers Outdoor Corp (NYSE:DECK) Ratings Coverage

Ratings analysis reveals 37% of Deckers Outdoor’s analysts are positive. Out of 19 Wall Street analysts rating Deckers Outdoor, 7 give it “Buy”, 3 “Sell” rating, while 9 recommend “Hold”. The lowest target is $19 while the high is $86.0. The stock’s average target of $58.20 is -1.62% below today’s ($59.16) share price. DECK was included in 42 notes of analysts from July 31, 2015. The stock of Deckers Outdoor Corp (NYSE:DECK) has “Neutral” rating given on Monday, November 30 by Piper Jaffray. The stock of Deckers Outdoor Corp (NYSE:DECK) has “Buy” rating given on Tuesday, June 7 by Tigress Financial. Credit Suisse maintained the shares of DECK in a report on Friday, May 27 with “Neutral” rating. As per Friday, February 5, the company rating was maintained by Macquarie Research. Nomura maintained Deckers Outdoor Corp (NYSE:DECK) rating on Monday, May 2. Nomura has “Neutral” rating and $60 price target. Citigroup maintained Deckers Outdoor Corp (NYSE:DECK) on Tuesday, March 29 with “Buy” rating. The rating was downgraded by Citigroup on Friday, May 27 to “Neutral”. Goldman Sachs maintained the stock with “Buy” rating in Friday, May 27 report. B. Riley & Co maintained Deckers Outdoor Corp (NYSE:DECK) on Friday, February 5 with “Neutral” rating. Buckingham Research maintained Deckers Outdoor Corp (NYSE:DECK) on Friday, May 27 with “Neutral” rating.

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.

More recent Deckers Outdoor Corp (NYSE:DECK) news were published by: Fool.com which released: “Why Deckers Outdoor Corp’s Stock Dropped in November” on December 06, 2015. Also Investorplace.com published the news titled: “Trade of the Day: Deckers Outdoor Corp (NYSE:DECK)” on October 19, 2016. Fool.com‘s news article titled: “Deckers Outdoor Corp.: “Less Bad” is Actually Good in Year of Transition” with publication date: August 05, 2016 was also an interesting one.

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By Vivian Park


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