Analysts forecast that Deckers Outdoor Corp (NYSE:DECK) will announce $388.83 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Deckers Outdoor’s earnings, with estimates ranging from $383.00 million to $396.90 million. Deckers Outdoor reported sales of $400.68 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 3%. The company is scheduled to report its next earnings report on Thursday, May 23rd.
On average, analysts expect that Deckers Outdoor will report full year sales of $1.97 billion for the current financial year, with estimates ranging from $1.96 billion to $1.98 billion. For the next year, analysts expect that the business will post sales of $2.05 billion, with estimates ranging from $2.02 billion to $2.07 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Deckers Outdoor.
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Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, January 31st. The textile maker reported $6.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.31 by $1.28. The company had revenue of $873.80 million during the quarter, compared to analyst estimates of $826.90 million. Deckers Outdoor had a net margin of 12.87% and a return on equity of 28.01%. During the same quarter in the prior year, the business earned $4.97 earnings per share.
Several research analysts have weighed in on the stock. ValuEngine raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Saturday. Bank of America reiterated a “neutral” rating and issued a $150.00 price objective (up from $134.00) on shares of Deckers Outdoor in a research report on Friday. Citigroup lifted their price objective on shares of Deckers Outdoor from $122.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, November 12th. Canaccord Genuity reiterated a “buy” rating and issued a $164.00 price objective (up from $143.00) on shares of Deckers Outdoor in a research report on Friday. Finally, Macquarie set a $105.00 target price on shares of Deckers Outdoor and gave the company a “hold” rating in a research note on Tuesday, October 30th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $122.07.
DECK traded up $13.43 during trading hours on Friday, reaching $141.88. 3,776,735 shares of the stock traded hands, compared to its average volume of 648,120. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.96 and a beta of 0.63. Deckers Outdoor has a fifty-two week low of $85.81 and a fifty-two week high of $146.90. The company has a current ratio of 2.41, a quick ratio of 1.26 and a debt-to-equity ratio of 0.04.
In other news, Director John Mersman Gibbons sold 3,000 shares of Deckers Outdoor stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $134.00, for a total value of $402,000.00. Following the transaction, the director now owns 28,663 shares of the company’s stock, valued at approximately $3,840,842. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in Deckers Outdoor by 57.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,770 shares of the textile maker’s stock valued at $200,000 after acquiring an additional 645 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Deckers Outdoor in the 2nd quarter valued at $323,000. Northern Trust Corp increased its position in shares of Deckers Outdoor by 2.4% in the 2nd quarter. Northern Trust Corp now owns 752,880 shares of the textile maker’s stock valued at $84,993,000 after acquiring an additional 17,775 shares during the period. Clarus Wealth Advisors acquired a new position in shares of Deckers Outdoor in the 3rd quarter valued at $290,000. Finally, Kovack Advisors Inc. acquired a new position in shares of Deckers Outdoor in the 3rd quarter valued at $203,000.
Deckers Outdoor Company Profile
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.
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