Brokerages Expect Deckers Outdoor Corporation (DECK) Will Announce Quarterly Sales of $437.58 Million
Analysts forecast that Deckers Outdoor Corporation (NYSE:DECK) will announce sales of $437.58 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Deckers Outdoor Corporation’s earnings, with the highest sales estimate coming in at $438.40 million and the lowest estimate coming in at $437.00 million. Deckers Outdoor Corporation posted sales of $485.94 million during the same quarter last year, which would indicate a negative year over year growth rate of 10%. The business is expected to announce its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that Deckers Outdoor Corporation will report full-year sales of $437.58 million for the current financial year, with estimates ranging from $1.76 billion to $1.78 billion. For the next year, analysts anticipate that the firm will report sales of $1.80 billion per share, with estimates ranging from $1.76 billion to $1.84 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Deckers Outdoor Corporation.
Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings data on Thursday, July 27th. The textile maker reported ($1.28) earnings per share for the quarter, beating 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 firm 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. The business’s quarterly revenue was up 20.2% compared to the same quarter last year.
Several analysts have recently commented on the company. Buckingham Research cut Deckers Outdoor Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, June 7th. BidaskClub raised Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research cut Deckers Outdoor Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $57.00 price target (down from $60.00) on shares of Deckers Outdoor Corporation in a report on Monday, July 24th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $66.00 price target on shares of Deckers Outdoor Corporation in a report on Friday, September 29th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $66.31.
A number of hedge funds have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new position in Deckers Outdoor Corporation during the second quarter worth $1,423,000. Public Employees Retirement System of Ohio increased its position in Deckers Outdoor Corporation by 6.6% during the second quarter. Public Employees Retirement System of Ohio now owns 4,370 shares of the textile maker’s stock worth $298,000 after buying an additional 270 shares in the last quarter. Verition Fund Management LLC purchased a new position in Deckers Outdoor Corporation during the second quarter worth $761,000. State Street Corp increased its position in Deckers Outdoor Corporation by 3.6% during the second quarter. State Street Corp now owns 1,039,579 shares of the textile maker’s stock worth $70,962,000 after buying an additional 36,356 shares in the last quarter. Finally, Gotham Asset Management LLC increased its position in Deckers Outdoor Corporation by 20.5% during the second quarter. Gotham Asset Management LLC now owns 124,507 shares of the textile maker’s stock worth $8,499,000 after buying an additional 21,147 shares in the last quarter. 99.57% of the stock is owned by hedge funds and other institutional investors.
Deckers Outdoor Corporation (NYSE DECK) opened at 69.22 on Thursday. The company’s 50 day moving average is $64.45 and its 200-day moving average is $63.26. Deckers Outdoor Corporation has a 52-week low of $44.00 and a 52-week high of $72.72. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 99.45 and a beta of 1.34.
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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