Deckers Outdoor Corp (DECK) Expected to Post Quarterly Sales of $377.25 Million

Brokerages expect Deckers Outdoor Corp (NYSE:DECK) to report sales of $377.25 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Deckers Outdoor’s earnings. The lowest sales estimate is $373.30 million and the highest is $382.30 million. Deckers Outdoor posted sales of $369.47 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.1%. The business is scheduled to issue its next earnings report on Thursday, May 24th.

According to Zacks, analysts expect that Deckers Outdoor will report full-year sales of $377.25 million for the current financial year. For the next year, analysts anticipate that the firm will report sales of $1.93 billion per share, with estimates ranging from $1.91 billion to $1.94 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Deckers Outdoor.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings data on Thursday, February 1st. The textile maker reported $4.97 EPS for the quarter, beating analysts’ consensus estimates of $3.84 by $1.13. The business had revenue of $810.50 million during the quarter, compared to the consensus estimate of $748.38 million. Deckers Outdoor had a return on equity of 17.72% and a net margin of 4.17%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.11 earnings per share.

A number of equities research analysts recently commented on the company. BidaskClub downgraded Deckers Outdoor from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Citigroup upped their price objective on Deckers Outdoor to $89.00 and gave the company a “neutral” rating in a report on Monday, January 29th. ValuEngine upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Deckers Outdoor from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Pivotal Research reiterated a “buy” rating and issued a $102.00 price objective (up previously from $80.00) on shares of Deckers Outdoor in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $87.43.

In other news, insider Andrea O’donnell sold 2,220 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $93.90, for a total transaction of $208,458.00. Following the completion of the transaction, the insider now directly owns 17,793 shares of the company’s stock, valued at $1,670,762.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David E. Lafitte sold 863 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $92.97, for a total value of $80,233.11. The disclosure for this sale can be found here. Insiders have sold 14,168 shares of company stock valued at $1,341,189 over the last ninety days. 1.90% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Flinton Capital Management LLC boosted its position in shares of Deckers Outdoor by 74.2% during the second quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after buying an additional 736 shares during the period. Contravisory Investment Management Inc. boosted its position in shares of Deckers Outdoor by 21,160.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 2,126 shares of the textile maker’s stock worth $171,000 after buying an additional 2,116 shares during the period. PNC Financial Services Group Inc. boosted its position in Deckers Outdoor by 91.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock valued at $175,000 after purchasing an additional 1,213 shares during the last quarter. First Mercantile Trust Co. acquired a new position in Deckers Outdoor during the fourth quarter valued at approximately $189,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Deckers Outdoor during the third quarter valued at approximately $202,000. 99.56% of the stock is owned by institutional investors.

Shares of Deckers Outdoor (NYSE:DECK) opened at $95.69 on Thursday. The company has a market capitalization of $3,036.33, a PE ratio of 17.79, a P/E/G ratio of 1.51 and a beta of 1.32. The company has a quick ratio of 2.16, a current ratio of 3.25 and a debt-to-equity ratio of 0.03. Deckers Outdoor has a fifty-two week low of $44.00 and a fifty-two week high of $98.62.

Deckers Outdoor declared that its board has authorized a stock repurchase program on Thursday, October 26th that permits the company to buyback $335.00 million in shares. This buyback authorization permits the textile maker to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

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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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