Analysts expect Deckers Outdoor Corporation (NYSE:DECK) to report $1.03 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Deckers Outdoor Corporation’s earnings, with estimates ranging from $1.00 to $1.04. Deckers Outdoor Corporation posted earnings per share of $1.23 in the same quarter last year, which indicates a negative year-over-year growth rate of 16.3%. The company is scheduled to report its next quarterly earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Deckers Outdoor Corporation will report full year earnings of $4.10 per share for the current financial year, with EPS estimates ranging from $4.03 to $4.18. For the next fiscal year, analysts forecast that the business will post earnings of $4.64 per share, with EPS estimates ranging from $4.44 to $4.88. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Deckers Outdoor Corporation.
Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, topping analysts’ consensus estimates of ($1.67) by $0.39. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. The business had revenue of $209.70 million for the quarter, compared to analyst estimates of $178.36 million. During the same period last year, the firm earned ($1.80) earnings per share. Deckers Outdoor Corporation’s revenue for the quarter was up 20.2% compared to the same quarter last year.
DECK has been the topic of several analyst reports. Jefferies Group LLC set a $68.00 price target on Deckers Outdoor Corporation and gave the company a “buy” rating in a research report on Saturday, May 27th. Telsey Advisory Group upped their price target on Deckers Outdoor Corporation from $66.00 to $68.00 and gave the company an “outperform” rating in a research report on Friday, May 26th. Zacks Investment Research upgraded Deckers Outdoor Corporation from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research report on Tuesday, May 9th. ValuEngine upgraded Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $60.00 price target (up from $50.00) on shares of Deckers Outdoor Corporation in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $67.00.
Several institutional investors have recently made changes to their positions in DECK. Bancorpsouth Inc. increased its position in shares of Deckers Outdoor Corporation by 12.4% in the second quarter. Bancorpsouth Inc. now owns 4,373 shares of the textile maker’s stock worth $298,000 after buying an additional 482 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Deckers Outdoor Corporation by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,546,161 shares of the textile maker’s stock worth $173,801,000 after buying an additional 174,844 shares in the last quarter. potrero capital research llc acquired a new position in shares of Deckers Outdoor Corporation during the second quarter worth approximately $3,082,000. Parametric Portfolio Associates LLC increased its position in shares of Deckers Outdoor Corporation by 39.8% in the second quarter. Parametric Portfolio Associates LLC now owns 130,407 shares of the textile maker’s stock worth $8,902,000 after buying an additional 37,145 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Deckers Outdoor Corporation during the second quarter worth approximately $476,000.
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Deckers Outdoor Corporation (NYSE DECK) traded up 1.19% during trading on Wednesday, reaching $64.61. 464,290 shares of the company were exchanged. The firm’s 50 day moving average price is $65.84 and its 200-day moving average price is $60.36. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $72.72. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 92.83 and a beta of 1.27.
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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