$1.03 EPS Expected for Deckers Outdoor Corporation (DECK) This Quarter
Equities analysts expect Deckers Outdoor Corporation (NYSE:DECK) to announce $1.03 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Deckers Outdoor Corporation’s earnings. The lowest EPS estimate is $1.00 and the highest is $1.05. Deckers Outdoor Corporation posted earnings per share of $1.23 during the same quarter last year, which suggests a negative year over year growth rate of 16.3%. The company is scheduled to issue its next earnings results on Thursday, October 26th.
On average, analysts expect that Deckers Outdoor Corporation will report full-year earnings of $4.11 per share for the current fiscal year, with EPS estimates ranging from $4.05 to $4.18. For the next year, analysts anticipate that the firm 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 research analysts that cover Deckers Outdoor Corporation.
Deckers Outdoor Corporation (NYSE:DECK) last announced its earnings results on Thursday, July 27th. The textile maker reported ($1.28) earnings per share for the quarter, beating the consensus estimate of ($1.67) by $0.39. The company had revenue of $209.70 million for the quarter, compared to the consensus estimate of $178.36 million. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The company’s revenue was up 20.2% on a year-over-year basis. During the same period last year, the business posted ($1.80) EPS.
A number of analysts have recently weighed in on DECK shares. Buckingham Research cut Deckers Outdoor Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 7th. BidaskClub upgraded Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Piper Jaffray Companies restated a “hold” rating and set a $66.00 price objective on shares of Deckers Outdoor Corporation in a research report on Friday. ValuEngine lowered Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, Zacks Investment Research downgraded Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $67.00.
Deckers Outdoor Corporation (NYSE:DECK) traded down 0.30% during midday trading on Tuesday, hitting $68.79. The stock had a trading volume of 317,533 shares. The firm has a market cap of $2.20 billion, a PE ratio of 98.84 and a beta of 1.33. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $72.72. The stock has a 50-day moving average price of $64.31 and a 200 day moving average price of $63.22.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DECK. Flinton Capital Management LLC boosted its stake in Deckers Outdoor Corporation by 74.2% during the 2nd quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 736 shares in the last quarter. Riverhead Capital Management LLC increased its position in shares of Deckers Outdoor Corporation by 75.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock valued at $132,000 after purchasing an additional 831 shares during the period. James Investment Research Inc. bought a new stake in shares of Deckers Outdoor Corporation in the 2nd quarter worth $148,000. Point72 Asia Hong Kong Ltd raised its stake in shares of Deckers Outdoor Corporation by 185.2% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock worth $150,000 after buying an additional 1,626 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Deckers Outdoor Corporation by 91.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after buying an additional 1,213 shares in the last quarter. Hedge funds and other institutional investors own 99.57% of the company’s stock.
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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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