$437.58 Million in Sales Expected for Deckers Outdoor Corporation (DECK) This Quarter
Analysts predict that Deckers Outdoor Corporation (NYSE:DECK) will report $437.58 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made 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 suggests a negative year-over-year growth rate of 10%. The company is scheduled to issue its next earnings results after the market closes on Thursday, October 26th.
According to Zacks, analysts expect that Deckers Outdoor Corporation will report full-year sales of $437.58 million for the current fiscal year, with estimates ranging from $1.77 billion to $1.78 billion. For the next financial year, analysts expect that the company will post sales of $1.81 billion per share, with estimates ranging from $1.76 billion to $1.84 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Deckers Outdoor Corporation.
Deckers Outdoor Corporation (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported ($1.28) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.67) by $0.39. The company had revenue of $209.70 million during the quarter, compared to analyst estimates of $178.36 million. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. The company’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the business posted ($1.80) earnings per share.
A number of brokerages have recently weighed in on DECK. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $57.00 price target (down previously from $60.00) on shares of Deckers Outdoor Corporation in a report on Monday, July 24th. BidaskClub cut shares of Deckers Outdoor Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Morgan Stanley upped their price objective on shares of Deckers Outdoor Corporation from $59.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Stifel Nicolaus set a $74.00 price objective on shares of Deckers Outdoor Corporation and gave the stock a “buy” rating in a research report on Sunday, July 30th. Finally, Canaccord Genuity set a $76.00 price objective on shares of Deckers Outdoor Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $67.29.
Deckers Outdoor Corporation (NYSE:DECK) traded up 1.58% during mid-day trading on Tuesday, hitting $66.80. 195,988 shares of the stock traded hands. The firm’s 50-day moving average price is $66.03 and its 200-day moving average price is $64.31. The firm has a market cap of $2.14 billion, a P/E ratio of 95.98 and a beta of 1.33. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $72.72.
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Several institutional investors have recently added to or reduced their stakes in DECK. UBS Asset Management Americas Inc. lifted its stake in shares of Deckers Outdoor Corporation by 19.7% in the first quarter. UBS Asset Management Americas Inc. now owns 22,465 shares of the textile maker’s stock valued at $1,342,000 after buying an additional 3,693 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Deckers Outdoor Corporation by 89.3% in the first quarter. JPMorgan Chase & Co. now owns 57,916 shares of the textile maker’s stock valued at $3,459,000 after buying an additional 27,316 shares in the last quarter. Credit Agricole S A bought a new position in shares of Deckers Outdoor Corporation in the first quarter valued at $310,000. OppenheimerFunds Inc. lifted its stake in shares of Deckers Outdoor Corporation by 33.5% in the first quarter. OppenheimerFunds Inc. now owns 8,903 shares of the textile maker’s stock valued at $532,000 after buying an additional 2,234 shares in the last quarter. Finally, Advantus Capital Management Inc lifted its stake in shares of Deckers Outdoor Corporation by 2.6% in the first quarter. Advantus Capital Management Inc now owns 4,089 shares of the textile maker’s stock valued at $244,000 after buying an additional 102 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.
About Deckers Outdoor Corporation
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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