Deckers (DECK) Shares Tumble; Analysts' Reduce Price Targets Amid Concerns
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Price: $104.25 -3.1%
Rating Summary:
24 Buy, 19 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
24 Buy, 19 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Shares of Deckers Outdoor (Nasdaq: DECK) are getting crunched Wednesday, continuing a downtrend which has taken off more than 16 percent of the company's market value over the last three trading sessions. The stock is down more than 10 percent at last check.
While the stock price seems to be breaking through a number of technical levels, a negative call from Sterne Agee's Sam Poser is certainly not helping bulls this afternoon. Poser reduced his price target on Deckers shares from $72 to $60 and reiterated an Underperform rating. The analyst cited an inventory glut, pricing and distribution issues and lack of visibility into the operations as putting the company's guidance at risk.
Elsewhere on the Street Wednesday, Stifel Nicolaus' Jim Duffy reduced his price target on Deckers shares from $116 to $97. In contrast to the Sterne Agee analyst, however, Duffy maintains a Buy rating.
Track all the analyst calls on shares of Deckers with our Analyst Ratings page.
While the stock price seems to be breaking through a number of technical levels, a negative call from Sterne Agee's Sam Poser is certainly not helping bulls this afternoon. Poser reduced his price target on Deckers shares from $72 to $60 and reiterated an Underperform rating. The analyst cited an inventory glut, pricing and distribution issues and lack of visibility into the operations as putting the company's guidance at risk.
Elsewhere on the Street Wednesday, Stifel Nicolaus' Jim Duffy reduced his price target on Deckers shares from $116 to $97. In contrast to the Sterne Agee analyst, however, Duffy maintains a Buy rating.
Track all the analyst calls on shares of Deckers with our Analyst Ratings page.
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