Brokerages forecast that Deckers Outdoor Corporation (NYSE:DECK) will report sales of $742.65 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Deckers Outdoor Corporation’s earnings, with the highest sales estimate coming in at $754.00 million and the lowest estimate coming in at $736.30 million. Deckers Outdoor Corporation reported sales of $760.35 million during the same quarter last year, which indicates a negative year-over-year growth rate of 2.3%. The company is expected to announce its next earnings results on Thursday, February 1st.
On average, analysts expect that Deckers Outdoor Corporation will report full year sales of $742.65 million for the current fiscal year, with estimates ranging from $1.81 billion to $1.82 billion. For the next year, analysts expect that the business will post sales of $1.85 billion per share, with estimates ranging from $1.80 billion to $1.88 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Deckers Outdoor Corporation.
Deckers Outdoor Corporation (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.52. Deckers Outdoor Corporation had a return on equity of 15.23% and a net margin of 1.80%. The business had revenue of $482.50 million for the quarter, compared to analyst estimates of $440.11 million. During the same quarter in the prior year, the company posted $1.21 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis.
Several brokerages have recently commented on DECK. BidaskClub lowered Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Morgan Stanley upped their price target on Deckers Outdoor Corporation from $64.50 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 31st. Jefferies Group LLC set a $82.00 price objective on Deckers Outdoor Corporation and gave the company a “buy” rating in a report on Sunday, October 29th. Buckingham Research set a $68.00 price objective on Deckers Outdoor Corporation and gave the company a “hold” rating in a report on Friday, October 27th. Finally, Citigroup Inc. boosted their price objective on Deckers Outdoor Corporation from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. Deckers Outdoor Corporation presently has a consensus rating of “Hold” and a consensus target price of $69.43.
Deckers Outdoor Corporation (NYSE DECK) opened at $68.45 on Monday. Deckers Outdoor Corporation has a 12 month low of $44.00 and a 12 month high of $73.45. The company has a market capitalization of $2,187.76, a price-to-earnings ratio of 15.28, a PEG ratio of 1.49 and a beta of 1.19. The company has a quick ratio of 1.26, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.
Deckers Outdoor Corporation announced that its Board of Directors has initiated a share repurchase plan on Thursday, October 26th that permits the company to repurchase $335.00 million in shares. This repurchase authorization permits the textile maker to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
Several hedge funds and other institutional investors have recently made changes to their positions in DECK. Flinton Capital Management LLC boosted its position in shares of Deckers Outdoor Corporation by 74.2% in the 2nd quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 736 shares during the period. Riverhead Capital Management LLC lifted its position in Deckers Outdoor Corporation by 75.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after acquiring an additional 831 shares during the period. James Investment Research Inc. acquired a new stake in Deckers Outdoor Corporation during the 2nd quarter worth approximately $148,000. PNC Financial Services Group Inc. lifted its position in Deckers Outdoor Corporation by 91.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after acquiring an additional 1,213 shares during the period. Finally, Parallax Volatility Advisers L.P. lifted its position in Deckers Outdoor Corporation by 401.9% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 2,654 shares of the textile maker’s stock worth $181,000 after acquiring an additional 3,533 shares during the period. 99.57% of the stock is owned by hedge funds and other institutional investors.
Deckers Outdoor Corporation Company Profile
Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. 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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