Deckers Outdoor (DECK) Issues Q1 Earnings Guidance

Deckers Outdoor (NYSE:DECK) updated its first quarter earnings guidance on Thursday. The company provided EPS guidance of ($1.50)-($1.41) for the period, compared to the Thomson Reuters consensus EPS estimate of ($1.30). The company issued revenue guidance of $225.0-$235.0 million, compared to the consensus revenue estimate of $212.26 million.Deckers Outdoor also updated its FY19 guidance to $6.20-$6.40 EPS.

A number of research firms have weighed in on DECK. ValuEngine lowered shares of Deckers Outdoor from a strong-buy rating to a buy rating in a research note on Wednesday, May 2nd. Stifel Nicolaus reissued a buy rating and issued a $120.00 target price on shares of Deckers Outdoor in a research note on Friday. Citigroup raised their target price on shares of Deckers Outdoor to $89.00 and gave the stock a neutral rating in a research note on Monday, January 29th. Pivotal Research reissued a buy rating and issued a $102.00 target price (up from $80.00) on shares of Deckers Outdoor in a research note on Tuesday, January 30th. Finally, Tigress Financial lowered shares of Deckers Outdoor from a buy rating to a neutral rating in a research note on Wednesday, April 18th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $93.36.

Shares of Deckers Outdoor opened at $103.67 on Friday, according to MarketBeat Ratings. The company has a market cap of $3.27 billion, a PE ratio of 27.14, a PEG ratio of 1.53 and a beta of 1.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.25 and a quick ratio of 2.16. Deckers Outdoor has a 1 year low of $56.48 and a 1 year high of $105.13.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, May 24th. The textile maker reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.31. The business had revenue of $400.70 million during the quarter, compared to the consensus estimate of $376.16 million. Deckers Outdoor had a net margin of 4.17% and a return on equity of 17.72%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.11) EPS. sell-side analysts expect that Deckers Outdoor will post 5.43 EPS for the current fiscal year.

In related news, COO David E. Lafitte sold 600 shares of Deckers Outdoor stock in a transaction that occurred on Monday, April 9th. The shares were sold at an average price of $92.93, for a total value of $55,758.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and sidewalk surfers shoe, and yoga mat and beer cozy sandal collections under the Sanuk brand name.

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