Wall Street analysts predict that Deckers Outdoor Corporation (NYSE:DECK) will post $179.30 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Deckers Outdoor Corporation’s earnings. The lowest sales estimate is $177.80 million and the highest is $180.80 million. Deckers Outdoor Corporation posted sales of $174.39 million during the same quarter last year, which suggests a positive year over year growth rate of 2.8%. The company is scheduled to report its next quarterly earnings report on Thursday, July 27th.
According to Zacks, analysts expect that Deckers Outdoor Corporation will report full-year sales of $179.30 million for the current financial year, with estimates ranging from $1.77 billion to $1.80 billion. For the next financial year, analysts forecast that the business will report sales of $1.81 billion per share, with estimates ranging from $1.78 billion to $1.85 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Deckers Outdoor Corporation.
Deckers Outdoor Corporation (NYSE:DECK) last announced its earnings results on Thursday, May 25th. The textile maker reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.17. Deckers Outdoor Corporation had a net margin of 0.32% and a return on equity of 12.48%. The business had revenue of $369.47 million during the quarter, compared to the consensus estimate of $357.71 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis.
Several equities research analysts have recently weighed in on DECK shares. Zacks Investment Research raised Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a research report on Monday, April 10th. Stifel Nicolaus lifted their price target on Deckers Outdoor Corporation from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, May 26th. Buckingham Research lowered Deckers Outdoor Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 7th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $60.00 price target (up previously from $50.00) on shares of Deckers Outdoor Corporation in a research report on Monday, May 1st. Finally, B. Riley reaffirmed a “neutral” rating and set a $68.00 price target on shares of Deckers Outdoor Corporation in a research report on Thursday, June 1st. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $64.93.
Shares of Deckers Outdoor Corporation (DECK) traded up 0.18% during midday trading on Friday, hitting $67.84. The stock had a trading volume of 217,856 shares. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $72.72. The firm has a 50 day moving average price of $64.23 and a 200 day moving average price of $58.29. The stock has a market cap of $2.17 billion, a PE ratio of 381.12 and a beta of 1.11.
A number of large investors have recently bought and sold shares of DECK. Glen Harbor Capital Management LLC increased 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 worth $104,000 after buying an additional 112 shares during the period. Elkfork Partners LLC bought a new stake in shares of Deckers Outdoor Corporation during the fourth quarter valued at $109,000. TrimTabs Asset Management LLC bought a new stake in shares of Deckers Outdoor Corporation during the first quarter valued at $131,000. Envestnet Asset Management Inc. increased its stake in shares of 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 last quarter. Finally, Point72 Asia Hong Kong Ltd increased its stake in shares of 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 last quarter.
About Deckers Outdoor Corporation
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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