Tigress Financial Downgrades Deckers Outdoor Corp to Buy

Brokerage firm Tigress Financial Downgrades its rating on Deckers Outdoor Corp(NYSE:DECK). The shares have been rated Buy. Previously, the analysts had a Strong Buy rating on the shares. The rating by Tigress Financial was issued on Jun 7, 2016.

In a different note, On May 27, 2016, Credit Suisse said it Maintains its rating on Deckers Outdoor Corp. In the research note, the firm Lowers the price-target to $57.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 27, 2016, Brean Capital said it Maintains its rating on Deckers Outdoor Corp. In the research note, the firm Lowers the price-target to $67.00 per share. The shares have been rated ‘Buy’ by the firm. On May 27, 2016, Citigroup said it Downgrades its rating on Deckers Outdoor Corp. In the research note, the firm Lowers the price-target to $69.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 27, 2016, Goldman Sachs said it Maintains its rating on Deckers Outdoor Corp. The shares have been rated ‘Buy’ by the firm. On May 27, 2016, Canaccord Genuity said it Maintains its rating on Deckers Outdoor Corp. The shares have been rated ‘Buy’ by the firm. On May 27, 2016, Buckingham Research said it Maintains its rating on Deckers Outdoor Corp. In the research note, the firm Lowers the price-target to $48.00 per share. The shares have been rated ‘Neutral’ by the firm.

Deckers Outdoor Corp (DECK) shares turned negative on Fridays trading session with the shares closing down -0.79 points or -1.42% at a volume of 4,56,640. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $55.58. The peak price level was also seen at $55.58 while the days lowest was $54.41. Finally the shares closed at $54.69. The 52-week high of the shares is $76.49 while the 52-week low is $40.74. According to the latest information available, the market cap of the company is $1,751 M.

Deckers Outdoor Corp(DECK) last announced its earnings results on May 26, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $378.63M. Analysts had an estimated revenue of $362.90M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.06.

Several Insider Transactions has been reported to the SEC. On Sep 11, 2015, Karyn Odette Barsa (director) sold 1,500 shares at $62.78 per share price.Also, On Feb 25, 2015, David Powers (President, Omni Channel) sold 1,650 shares at $76.06 per share price.On Feb 11, 2015, Thomas George (CFO) sold 2,552 shares at $75.00 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 Uggaustralia.com Teva.com Sanuk.com Ahnu.com Hokaoneone.com Mozo.com and Tsubo.com Websites. Its retail stores segment operates UGG concept stores and UGG outlet stores.

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