Deckers Outdoor Corporation (NYSE:DECK) released its quarterly earnings results on Thursday, May 25th. The textile maker reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.17, RTT News reports. The business had revenue of $369.47 million during the quarter, compared to the consensus estimate of $357.71 million. Deckers Outdoor Corporation had a return on equity of 12.48% and a net margin of 0.32%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. Deckers Outdoor Corporation updated its Q1 guidance to ($1.70)-($1.65) EPS and its FY18 guidance to $3.95-4.15 EPS.
Deckers Outdoor Corporation (NYSE:DECK) traded down 0.12% during mid-day trading on Friday, reaching $68.68. The company had a trading volume of 498,916 shares. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $72.72. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 385.84 and a beta of 1.11. The stock has a 50 day moving average of $63.78 and a 200 day moving average of $58.21.
Several large investors have recently bought and sold shares of DECK. Glen Harbor Capital Management LLC boosted its stake in Deckers Outdoor Corporation by 6.9% in the first quarter. Glen Harbor Capital Management LLC now owns 1,736 shares of the textile maker’s stock valued at $104,000 after buying an additional 112 shares during the period. Elkfork Partners LLC acquired a new stake in Deckers Outdoor Corporation during the fourth quarter valued at about $109,000. TrimTabs Asset Management LLC acquired a new stake in Deckers Outdoor Corporation during the first quarter valued at about $131,000. Envestnet Asset Management Inc. boosted its stake in Deckers Outdoor Corporation by 2.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,288 shares of the textile maker’s stock valued at $126,000 after buying an additional 55 shares during the period. Finally, Point72 Asia Hong Kong Ltd boosted its stake in Deckers Outdoor Corporation by 185.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock valued at $150,000 after buying an additional 1,626 shares during the period.
A number of research analysts recently issued reports on DECK shares. Jefferies Group LLC reiterated a “buy” rating and set a $60.00 price objective on shares of Deckers Outdoor Corporation in a research note on Sunday, April 2nd. Citigroup Inc. boosted their price objective on Deckers Outdoor Corporation from $49.00 to $61.00 and gave the company a “neutral” rating in a research note on Monday, April 3rd. Zacks Investment Research upgraded Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a research note on Monday, April 10th. Wedbush assumed coverage on Deckers Outdoor Corporation in a research note on Tuesday, April 11th. They set a “neutral” rating and a $52.00 price objective for the company. Finally, Stifel Nicolaus boosted their price target on Deckers Outdoor Corporation from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Eleven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $64.93.
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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