Brokerages Expect Deckers Outdoor Corporation (DECK) Will Announce Earnings of $1.03 Per Share
Brokerages expect that Deckers Outdoor Corporation (NYSE:DECK) will report earnings per share (EPS) of $1.03 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Deckers Outdoor Corporation’s earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.05. Deckers Outdoor Corporation reported earnings per share of $1.23 in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.3%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, October 26th.
According to Zacks, analysts expect that Deckers Outdoor Corporation will report full year earnings of $4.12 per share for the current fiscal year, with EPS estimates ranging from $4.05 to $4.29. For the next year, analysts anticipate that the business will post earnings of $4.68 per share, with EPS estimates ranging from $4.44 to $4.88. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Deckers Outdoor Corporation.
Deckers Outdoor Corporation (NYSE:DECK) last announced its quarterly earnings results on Thursday, July 27th. The textile maker reported ($1.28) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.67) by $0.39. The business had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $178.36 million. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.80) EPS.
A number of research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Deckers Outdoor Corporation from $74.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, October 6th. Robert W. Baird reiterated a “hold” rating and issued a $67.00 target price on shares of Deckers Outdoor Corporation in a research note on Friday, October 6th. BidaskClub upgraded shares of Deckers Outdoor Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Pivotal Research assumed coverage on shares of Deckers Outdoor Corporation in a research note on Thursday, October 5th. They issued a “buy” rating and a $80.00 target price for the company. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $66.00 target price on shares of Deckers Outdoor Corporation in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $67.29.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DECK. UBS Asset Management Americas Inc. grew its holdings in Deckers Outdoor Corporation by 19.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 22,465 shares of the textile maker’s stock worth $1,342,000 after acquiring an additional 3,693 shares during the period. JPMorgan Chase & Co. grew its holdings in Deckers Outdoor Corporation by 89.3% during the 1st quarter. JPMorgan Chase & Co. now owns 57,916 shares of the textile maker’s stock worth $3,459,000 after acquiring an additional 27,316 shares during the period. Credit Agricole S A acquired a new stake in Deckers Outdoor Corporation during the 1st quarter worth $310,000. OppenheimerFunds Inc. grew its holdings in Deckers Outdoor Corporation by 33.5% during the 1st quarter. OppenheimerFunds Inc. now owns 8,903 shares of the textile maker’s stock worth $532,000 after acquiring an additional 2,234 shares during the period. Finally, Advantus Capital Management Inc grew its holdings in Deckers Outdoor Corporation by 2.6% during the 1st quarter. Advantus Capital Management Inc now owns 4,089 shares of the textile maker’s stock worth $244,000 after acquiring an additional 102 shares during the period. 99.44% of the stock is owned by hedge funds and other institutional investors.
Shares of Deckers Outdoor Corporation (NYSE:DECK) traded up 1.99% during mid-day trading on Friday, hitting $66.09. The stock had a trading volume of 431,501 shares. The firm has a 50 day moving average of $66.02 and a 200 day moving average of $64.14. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 94.96 and a beta of 1.34. Deckers Outdoor Corporation has a one year low of $44.00 and a one year high of $72.72.
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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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