Upcoming AWS Coverage on WEYCO Group Post-Earnings Results

LONDON, UK / ACCESSWIRE / April 27, 2017 / Active Wall St. blog coverage looks at the headline from Deckers Outdoor Corp. (NYSE: DECK) as the Company announced on April 25, 2017, that its Board of Directors has initiated a process to review a broad range of strategic alternatives. The review process includes an exploration and evaluation of strategic alternatives to enhance stockholder value, which may also include a sale or other transaction. Register with us now for your free membership and blog access at:

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One of Deckers Outdoor's competitors within the Textile - Apparel Footwear & Accessories space, WEYCO Group, Inc. (NASDAQ: WEYS), announced on April 10, 2017, that it will release its Q1 2017 financial results after the close on Tuesday, May 02, 2017. AWS will be initiating a research report on WEYCO in the coming days.

Today, AWS is promoting its blog coverage on DECK; touching on WEYS. Get all of our free blog coverage and more by clicking on the link below:

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Details of the Agreement

Deckers Outdoor is a leading global designer, marketer, and distributor of innovative footwear, apparel, and accessories, with sales operations in more than 50 countries. Recently, on April 11, 2017, reports originated that Deckers Brands has hired the law firms, Wilson, Sonsini, Goodrich & Rosati to advise on defense strategy. Additionally, the Company had been speaking to banks where the talk was focused on strategic alternatives.

The Company has made significant progress in streamlining its cost structure, and optimizing the retail store fleet, to generate stable cash flow with minimum expenses. Additionally, Deckers Outdoor has been realigning the brands with the goal to achieve greater profitability. The Company recently launched a $150 million savings program and expects to drive improvements in its business, through the fund.

Additionally, Deckers Outdoor continues to explore additional margin-enhancing opportunities with its Board of Directors focused on enhancing stockholder value and a commitment to pursue the right course of action for all stockholders. The Company expects now to be the appropriate time to pursue a broad range of strategic alternatives that may have a potential to unlock further value.

The UGG Brand

The UGG brand is the flagship sheepskin boots brand from the house of Deckers Outdoor and it makes about 80% of the Company's annual sales. The UGG brand has its own set of followers where plenty of fans love the big signature boots, while there are others who swear never to wear them. The flagship has witnessed criticism lately owing to designs outside the traditional boot.

Sales of Decker's sheepskin UGG boots, popular across US cities, college campuses, and malls, exploded to $1.52 billion in FY16 from $37 million in FY03. However, growth has slowed and Deckers Outdoor's share price has lost more than a third of its value since the end of 2014.

Stock Performance

At the closing bell, on Wednesday, April 26, 2017, Deckers Outdoor's stock jumped 3.08%, ending the trading session at $60.55. A total volume of 1.84 million shares were traded at the end of the day, which was higher than the 3-month average volume of 1.12 million shares. In the last month and previous six months, shares of the Company have advanced 7.15% and 13.20%, respectively. Moreover, the stock gained 9.32% since the start of the year. At Wednesday's closing price, the stock's net capitalization stands at $1.94 billion.

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SOURCE: Active Wall Street