Deckers Outdoor Corporation (NYSE:DECK) – Stock analysts at Jefferies Group cut their FY2019 EPS estimates for Deckers Outdoor in a report released on Tuesday. Jefferies Group analyst R. Konik now anticipates that the textile maker will earn $4.90 per share for the year, down from their previous estimate of $5.20. Jefferies Group currently has a “Hold” rating on the stock.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.52. The company had revenue of $482.50 million during the quarter, compared to the consensus estimate of $440.11 million. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. Deckers Outdoor’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the firm earned $1.21 EPS.

DECK has been the subject of several other reports. FIG Partners reaffirmed a “buy” rating on shares of Deckers Outdoor in a report on Monday, October 16th. Robert W. Baird reiterated a “hold” rating and issued a $67.00 target price on shares of Deckers Outdoor in a research note on Friday, October 6th. BidaskClub cut shares of Deckers Outdoor from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. ValuEngine upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, UBS Group cut shares of Deckers Outdoor to a “neutral” rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $71.69.

Deckers Outdoor (NYSE DECK) remained flat at $$78.96 on Wednesday. The company had a trading volume of 366,605 shares, compared to its average volume of 461,700. The company has a market capitalization of $2,520.00, a P/E ratio of 78.96, a P/E/G ratio of 1.69 and a beta of 1.26. Deckers Outdoor has a 1-year low of $44.00 and a 1-year high of $80.96. The company has a current ratio of 2.43, a quick ratio of 1.26 and a debt-to-equity ratio of 0.03.

Deckers Outdoor announced that its board has authorized a stock buyback plan on Thursday, October 26th that authorizes the company to buyback $335.00 million in outstanding shares. This buyback authorization authorizes the textile maker to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Eagle Asset Management Inc. purchased a new stake in shares of Deckers Outdoor during the 3rd quarter valued at $8,548,000. Capital Fund Management S.A. purchased a new stake in shares of Deckers Outdoor during the 2nd quarter valued at $848,000. American Century Companies Inc. purchased a new stake in shares of Deckers Outdoor during the 3rd quarter valued at $12,054,000. State Street Corp raised its position in shares of Deckers Outdoor by 3.6% during the 2nd quarter. State Street Corp now owns 1,039,579 shares of the textile maker’s stock valued at $70,962,000 after buying an additional 36,356 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Deckers Outdoor during the 2nd quarter valued at $761,000. Institutional investors and hedge funds own 99.56% 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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