Deckers Outdoor Corporation (NYSE:DECK) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of 4.15-4.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.09. Deckers Outdoor Corporation also updated its Q3 guidance to 3.65-3.75 EPS.
Several research firms recently commented on DECK. BidaskClub upgraded shares of Deckers Outdoor Corporation from a hold rating to a buy rating in a report on Saturday, October 28th. Jefferies Group LLC set a $82.00 target price on shares of Deckers Outdoor Corporation and gave the company a buy rating in a research note on Sunday, October 29th. Morgan Stanley lifted their target price on shares of 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. Stifel Nicolaus lifted their price target on shares of Deckers Outdoor Corporation from $74.00 to $80.00 and gave the company a buy rating in a research report on Friday, October 6th. Finally, Robert W. Baird reissued a hold rating and issued a $67.00 price target on shares of Deckers Outdoor Corporation in a research report on Friday, October 6th. One 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’s stock. The company presently has an average rating of Hold and a consensus price target of $69.43.
Shares of Deckers Outdoor Corporation (NYSE:DECK) opened at $68.45 on Monday. The company has a current ratio of 2.43, a quick ratio of 1.26 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2,187.73, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.49 and a beta of 1.19. Deckers Outdoor Corporation has a twelve month low of $44.00 and a twelve month high of $73.45.
Deckers Outdoor Corporation (NYSE:DECK) last posted its earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $440.11 million. During the same period in the prior year, the business earned $1.21 EPS. Deckers Outdoor Corporation’s revenue for the quarter was down .7% compared to the same quarter last year. equities analysts anticipate that Deckers Outdoor Corporation will post 4.3 earnings per share for the current fiscal year.
Deckers Outdoor Corporation declared that its board has authorized a share repurchase program on Thursday, October 26th that permits the company to buyback $335.00 million in shares. This buyback authorization permits the textile maker to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
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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