Analysts expect that Deckers Outdoor Corporation (NYSE:DECK) will report $742.65 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Deckers Outdoor’s earnings, with the highest sales estimate coming in at $754.00 million and the lowest estimate coming in at $736.30 million. Deckers Outdoor posted sales of $760.35 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.3%. The company is scheduled to report its next earnings report on Thursday, February 1st.

On average, analysts expect that Deckers Outdoor will report full-year sales of $742.65 million for the current financial year, with estimates ranging from $1.81 billion to $1.82 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.86 billion per share, with estimates ranging from $1.84 billion to $1.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Deckers Outdoor.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.52. Deckers Outdoor had a return on equity of 15.23% and a net margin of 1.80%. The firm had revenue of $482.50 million for the quarter, compared to analyst estimates of $440.11 million. During the same quarter in the prior year, the firm posted $1.21 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis.

DECK has been the topic of several analyst reports. BidaskClub raised Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Saturday, October 28th. Morgan Stanley increased their target price on Deckers Outdoor from $64.50 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 31st. Telsey Advisory Group increased their target price on Deckers Outdoor from $72.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Stifel Nicolaus reissued a “buy” rating on shares of Deckers Outdoor in a research note on Friday, October 27th. Finally, Citigroup increased their target price on Deckers Outdoor from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $69.77.

Deckers Outdoor (NYSE:DECK) traded down $0.04 during trading hours on Friday, reaching $74.69. The company’s stock had a trading volume of 652,173 shares, compared to its average volume of 604,197. Deckers Outdoor has a 1 year low of $44.00 and a 1 year high of $75.61. The company has a quick ratio of 1.26, a current ratio of 2.43 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2,388.48, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.64 and a beta of 1.26.

Deckers Outdoor announced that its Board of Directors has initiated a stock repurchase program on Thursday, October 26th that allows the company to repurchase $335.00 million in shares. This repurchase authorization allows the textile maker to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in shares of Deckers Outdoor by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 910,276 shares of the textile maker’s stock worth $62,136,000 after acquiring an additional 13,757 shares in the last quarter. Capital Fund Management S.A. bought a new position in shares of Deckers Outdoor during the second quarter worth about $848,000. DSAM Partners London Ltd bought a new position in shares of Deckers Outdoor during the second quarter worth about $1,087,000. Sei Investments Co. grew its holdings in shares of Deckers Outdoor by 1,053.7% during the second quarter. Sei Investments Co. now owns 17,063 shares of the textile maker’s stock worth $1,164,000 after buying an additional 15,584 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Deckers Outdoor 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. Institutional investors own 99.57% of the company’s stock.

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About Deckers Outdoor

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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