|December 7, 2012|
|10:00 EDT||DECK||Deckers Outdoor options active following renewed takeover chatter|
Deckers Outdoor December 42 and 50 calls are active on total put volume of 2,800 contracts (1,600 puts). December call option implied volatility is at 56, January and March is at 59; compared to its 26-week average of 54 according to Track Data. Active option volume suggests traders are positioning for price movement following renewed takeover speculation.
News For DECK From The Last 14 Days
Check below for free stories on DECK the last two weeks.
|July 25, 2014|
|06:32 EDT||DECK||Deckers Outdoor price target raised to $105 from $94 at Citigroup|
Citigroup raised its price target for Deckers Outdoor shares to $105 citing the better than expected Q1 results and guidance increase. Citi views the stock's valuation as attractive and keeps a Buy rating on the stock.
|05:46 EDT||DECK||Deckers Outdoor upgraded to Buy from Hold at Jefferies|
Jefferies upgraded Deckers Outdoor to Buy following the company's Q1 results citing greater conviction in margin expansion potential and new product launches. The firm views the risk/reward on shares as compelling and raised its price target for the stock to $130 from $78. Shares of Deckers rallied 6% to $90.00 following the company's earnings report.
|July 24, 2014|
|18:17 EDT||DECK||Deckers Outdoor raises FY15 EPS view to up 14.5% from up 13.5%|
Raises FY15 revenue guidance to up approximately 14% from up 13%. The company expects FY15 SG&A expenses as a percentage of sales to be approximately 36%. Among other items, these expenses include increased marketing and supply chain costs, investments in IT infrastructure, expenses related to management reorganization, and operating costs associated with opening new stores in 2013 and 2014. The company now expects FY15 UGG brand revenues to increase approximately 12% over the twelve month period ended March 31 from the previous guidance of 11%. The company expects FY15 Teva brand revenues to increase approximately 11% over the twelve month period ended March 31. The company expects FY15 Sanuk brand revenues to increase approximately 15% over the twelve month period ended March 31. Combined FY15 net sales of the company's other brands are expected to be approximately $82M compared to $48.6M for the twelve month period ended March 31.
|18:12 EDT||DECK||Deckers Outdoor reports Q1 EPS ($1.07), consensus ($1.28)|
In a regulatory filing, the company reports Q1 revenue $211.5M, consensus $192.01M. Reports Q1 direct-to-consumer comparable sales up 10%. Reports Q1 UGG brand net sales up 22.8% to $123.3M vs. $100.4M last year. Reports Q1 Teva brand net sales up 25.7% to $39.3M vs. $31.2M last year. Reports Q1 Sanuk brand net sales up 19.6% to $36M vs. $30.1M last year. Reports combined net sales of the company's other brands increased 54.5% to $12.9M for Q1 compared to $8.4M last year. Sales for the global retail store business, which are included in the brand sales numbers above, increased 29.4% to $42M compared to $32.5M for the same period last year. This increase was driven by 37 new stores opened after June 30, 2013, partially offset by a same SSS decrease of 2.8% for the thirteen weeks ended June 29, 2014 compared to the thirteen weeks ended June 30, 2013.
|15:31 EDT||DECK||Deckers Outdoor technical comments ahead of results|
The shares have moderately outperformed the broader averages in the last three months an are trading relatively close to the 52-week high at $90.09. On a positive surprise on earnings or guidance, that level could be easily tested. Resistance above the 52-week high is at $91.83, and $96.11. If the news disappoints, the uptrend in place off the lows of October 2012 could be violated. A breakdown below the 200-week moving average at $78.37 would snap the trend. Support below that moving average is at $74.35. It should be noted that the short-base in this name is very large. Over 18% of the float is short according to the last available report. On a positive surprise the shares could be fueled higher by a strong short-squeeze.
|July 15, 2014|
|07:27 EDT||DECK||Jefferies 'starting to kick tires again' on Deckers Outdoor|
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