Analysts forecast that Deckers Outdoor Corp (NYSE:DECK) will announce $0.18 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Deckers Outdoor’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.22. Deckers Outdoor posted earnings of $0.11 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 63.6%. The company is expected to issue its next earnings report on Thursday, May 24th.
On average, analysts expect that Deckers Outdoor will report full-year earnings of $5.43 per share for the current fiscal year, with EPS estimates ranging from $5.41 to $5.48. For the next fiscal year, analysts expect that the company will post earnings of $6.01 per share, with EPS estimates ranging from $5.92 to $6.10. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Deckers Outdoor.
Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, February 1st. The textile maker reported $4.97 EPS for the quarter, topping analysts’ consensus estimates of $3.84 by $1.13. Deckers Outdoor had a net margin of 4.17% and a return on equity of 17.72%. The firm had revenue of $810.50 million during the quarter, compared to analysts’ expectations of $748.38 million. During the same period in the previous year, the company earned $4.11 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year.
A number of research firms recently commented on DECK. Stifel Nicolaus lifted their price target on shares of Deckers Outdoor from $93.00 to $107.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. ValuEngine upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Pivotal Research lowered shares of Deckers Outdoor from a “buy” rating to a “hold” rating and set a $108.00 price objective for the company. in a report on Monday. Canaccord Genuity reiterated a “buy” rating and set a $100.00 price objective (up previously from $78.00) on shares of Deckers Outdoor in a report on Monday, January 29th. Finally, Wedbush reiterated a “neutral” rating and set a $72.00 price objective (up previously from $64.00) on shares of Deckers Outdoor in a report on Tuesday, December 19th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $87.86.
In other news, insider Andrea O’donnell sold 2,220 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $93.90, for a total value of $208,458.00. Following the completion of the sale, the insider now owns 17,793 shares in the company, valued at approximately $1,670,762.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Thomas George sold 7,500 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $94.97, for a total transaction of $712,275.00. Following the completion of the sale, the chief financial officer now owns 41,493 shares of the company’s stock, valued at approximately $3,940,590.21. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,168 shares of company stock valued at $1,341,189. Company insiders own 1.90% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its holdings in shares of Deckers Outdoor by 6.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,370 shares of the textile maker’s stock valued at $298,000 after purchasing an additional 270 shares in the last quarter. Meadow Creek Investment Management LLC raised its holdings in shares of Deckers Outdoor by 22.1% in the 4th quarter. Meadow Creek Investment Management LLC now owns 3,278 shares of the textile maker’s stock valued at $263,000 after purchasing an additional 594 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Deckers Outdoor by 0.8% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 101,263 shares of the textile maker’s stock valued at $8,126,000 after purchasing an additional 766 shares in the last quarter. ING Groep NV raised its holdings in shares of Deckers Outdoor by 23.1% in the 4th quarter. ING Groep NV now owns 4,823 shares of the textile maker’s stock valued at $387,000 after purchasing an additional 904 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Deckers Outdoor by 5.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 19,882 shares of the textile maker’s stock valued at $1,334,000 after purchasing an additional 1,008 shares in the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.
Deckers Outdoor (NYSE:DECK) traded down $6.88 during mid-day trading on Monday, hitting $90.62. 1,755,548 shares of the company were exchanged, compared to its average volume of 874,060. Deckers Outdoor has a 52-week low of $52.58 and a 52-week high of $98.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.16 and a current ratio of 3.25. The stock has a market cap of $3,100.00, a PE ratio of 18.95, a PEG ratio of 1.55 and a beta of 1.17.
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Deckers Outdoor 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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