Deckers Outdoor Corp (NYSE:DECK) Expected to Post Earnings of -$1.15 Per Share

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Wall Street analysts expect that Deckers Outdoor Corp (NYSE:DECK) will announce earnings per share (EPS) of ($1.15) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Deckers Outdoor’s earnings, with estimates ranging from ($1.60) to ($0.99). Deckers Outdoor reported earnings of ($0.67) per share during the same quarter last year, which indicates a negative year over year growth rate of 71.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, July 23rd.

According to Zacks, analysts expect that Deckers Outdoor will report full year earnings of $8.10 per share for the current year, with EPS estimates ranging from $7.19 to $9.03. For the next year, analysts anticipate that the firm will post earnings of $10.40 per share, with EPS estimates ranging from $9.35 to $11.15. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Deckers Outdoor.

Deckers Outdoor (NYSE:DECK) last posted its earnings results on Thursday, May 21st. The textile maker reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.48. The firm had revenue of $374.90 million during the quarter, compared to the consensus estimate of $355.40 million. Deckers Outdoor had a net margin of 12.95% and a return on equity of 26.45%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS.

A number of brokerages have recently commented on DECK. BTIG Research upped their target price on shares of Deckers Outdoor from $201.00 to $208.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Bank of America upped their target price on shares of Deckers Outdoor from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Susquehanna Bancshares increased their price target on shares of Deckers Outdoor from $175.00 to $200.00 in a research report on Friday, May 22nd. Pivotal Research increased their price target on shares of Deckers Outdoor from $165.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, Cowen initiated coverage on shares of Deckers Outdoor in a research report on Wednesday, June 3rd. They issued an “outperform” rating and a $220.00 price target on the stock. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $200.07.

In other Deckers Outdoor news, insider Caroti Stefano sold 4,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $207.45, for a total transaction of $829,800.00. Following the transaction, the insider now owns 33,857 shares of the company’s stock, valued at $7,023,634.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO David E. Lafitte sold 500 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $194.24, for a total transaction of $97,120.00. Following the transaction, the chief operating officer now directly owns 29,578 shares in the company, valued at approximately $5,745,230.72. The disclosure for this sale can be found here. Insiders have sold 6,832 shares of company stock worth $1,382,955 in the last three months. Insiders own 0.90% of the company’s stock.

A number of large investors have recently bought and sold shares of DECK. Northwestern Mutual Investment Management Company LLC increased its position in shares of Deckers Outdoor by 21.6% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 9,718 shares of the textile maker’s stock worth $1,302,000 after acquiring an additional 1,727 shares in the last quarter. State Street Corp increased its position in shares of Deckers Outdoor by 1.8% in the first quarter. State Street Corp now owns 914,653 shares of the textile maker’s stock worth $122,564,000 after acquiring an additional 16,301 shares in the last quarter. Royal Bank of Canada increased its position in shares of Deckers Outdoor by 57.8% in the first quarter. Royal Bank of Canada now owns 37,251 shares of the textile maker’s stock worth $4,992,000 after acquiring an additional 13,651 shares in the last quarter. Bank of America Corp DE increased its position in shares of Deckers Outdoor by 48.4% in the fourth quarter. Bank of America Corp DE now owns 217,697 shares of the textile maker’s stock worth $36,759,000 after acquiring an additional 71,039 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Deckers Outdoor by 135.7% in the fourth quarter. Alliancebernstein L.P. now owns 728,081 shares of the textile maker’s stock worth $122,944,000 after acquiring an additional 419,145 shares in the last quarter. 99.00% of the stock is currently owned by institutional investors.

DECK traded down $5.71 on Thursday, reaching $187.65. The company had a trading volume of 15,389 shares, compared to its average volume of 373,481. Deckers Outdoor has a 1 year low of $78.70 and a 1 year high of $218.18. The stock has a market capitalization of $5.41 billion, a PE ratio of 20.05, a P/E/G ratio of 1.52 and a beta of 0.99. The company has a quick ratio of 2.93, a current ratio of 3.97 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $191.70 and a 200-day moving average price of $167.56.

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, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

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Earnings History and Estimates for Deckers Outdoor (NYSE:DECK)

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