The zacks investment research lowers deckers outdoor corporation (deck) to strong sell – dailyquint

Zacks Investment Research cut shares of Deckers Outdoor Corporation (NYSE:DECK) from a hold rating to a strong sell rating in a research report report published on Tuesday.

According to Zacks, “Deckers has been hit hard in the recent months and has also underperformed the industry. Paving expert forum The stock further came under pressure following its disappointing third-quarter fiscal 2017 results.


Facebook search for people without logging in After witnessing six straight quarters of earnings beat, Deckers succumbed to a negative earnings surprise in the quarter under review. Facebook live from computer Top line also struggled and fell short of the estimate for the second quarter in row. Small front porch designs The dismal performance compelled management to provide bleak sales and earnings outlook. Pavestone play sand Analysts pointed that tough retail landscape, soft start to holiday season, and sluggish sale of UGG boots and shoes hurt the company’s results. Drip drop taemin mp3 Deckers now expects net sales to decline by 5–6% in the final quarter and by 5% in fiscal 2017. Auburn softball camp Of late estimates have been also going downhill. Small garden design ideas Even the company’s announcement of introduction of compelling products in the near future and cost containment initiatives failed to act as a savior.”

DECK has been the subject of several other reports. Facebook live for android Susquehanna Bancshares Inc lowered Deckers Outdoor Corporation from a neutral rating to a negative rating and lowered their price target for the stock from $59.00 to $49.00 in a research report on Thursday, October 13th. Softball savings Piper Jaffray Companies set a $63.00 price target on Deckers Outdoor Corporation and gave the stock a hold rating in a research report on Thursday, October 27th. Espn fantasy football draft rankings Canaccord Genuity lowered their price target on Deckers Outdoor Corporation from $70.00 to $60.00 and set a buy rating for the company in a research report on Monday. Football rankings Jefferies Group LLC restated a buy rating and set a $75.00 price target on shares of Deckers Outdoor Corporation in a research report on Thursday, December 1st. Espn fantasy football app Finally, Brean Capital restated a buy rating on shares of Deckers Outdoor Corporation in a research report on Friday, January 6th. Frances bean cobain age Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Baseball america top 100 prospects 2016 Deckers Outdoor Corporation currently has a consensus rating of Hold and an average target price of $58.73.

Shares of Deckers Outdoor Corporation (NYSE:DECK) traded down 0.34% on Tuesday, reaching $52.10. Rawlings The company had a trading volume of 582,513 shares. Drip coffee grind The company’s market capitalization is $1.67 billion. Polyester fabric Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $69.94. Pixel pitch The company has a 50 day moving average of $56.24 and a 200-day moving average of $59.56.

Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings results on Thursday, February 2nd. Landscape ontario jobs The company reported $4.11 EPS for the quarter, missing the consensus estimate of $4.24 by $0.13. Small garden design plans Deckers Outdoor Corporation had a positive return on equity of 12.45% and a negative net margin of 0.13%. Softball camps The firm had revenue of $760.30 million for the quarter, compared to analysts’ expectations of $789.08 million. College softball scores During the same quarter in the prior year, the business earned $4.78 earnings per share. Fantasy football news The company’s quarterly revenue was down 4.5% on a year-over-year basis. Pitch diameter chart Analysts predict that Deckers Outdoor Corporation will post $3.53 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of DECK. Facebook search LS Investment Advisors LLC boosted its position in shares of Deckers Outdoor Corporation by 5.5% in the third quarter. Ancestry reviews LS Investment Advisors LLC now owns 2,097 shares of the company’s stock valued at $125,000 after buying an additional 110 shares during the period. Garden inspiration Public Employees Retirement System of Ohio boosted its position in shares of Deckers Outdoor Corporation by 15.9% in the second quarter. Youth basketball teams near me Public Employees Retirement System of Ohio now owns 3,647 shares of the company’s stock valued at $210,000 after buying an additional 499 shares during the period. Facebook live shooting Virginia Retirement Systems ET AL bought a new position in shares of Deckers Outdoor Corporation during the second quarter valued at about $230,000. El patio miami Teacher Retirement System of Texas boosted its position in shares of Deckers Outdoor Corporation by 13.7% in the second quarter. Wild pitch Teacher Retirement System of Texas now owns 4,507 shares of the company’s stock valued at $259,000 after buying an additional 542 shares during the period. Garden layout app Finally, Amalgamated Bank boosted its position in shares of Deckers Outdoor Corporation by 10.9% in the second quarter. Irrigation supply store Amalgamated Bank now owns 4,017 shares of the company’s stock valued at $266,000 after buying an additional 394 shares during the period.

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. Landscape photography tips 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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