Equities research analysts expect Deckers Outdoor Corporation (NYSE:DECK) to announce earnings per share (EPS) of ($1.67) for the current quarter, Zacks reports. Four analysts have provided estimates for Deckers Outdoor Corporation’s earnings, with estimates ranging from ($1.69) to ($1.65). Deckers Outdoor Corporation reported earnings of ($1.80) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The business is scheduled to announce its next earnings results after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Deckers Outdoor Corporation will report full year earnings of $4.07 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.20. For the next financial year, analysts forecast that the business will report earnings of $4.61 per share, with EPS estimates ranging from $4.25 to $4.90. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Deckers Outdoor Corporation.
Deckers Outdoor Corporation (NYSE:DECK) last issued its earnings results on Thursday, May 25th. The textile maker reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.17. The firm had revenue of $369.47 million during the quarter, compared to the consensus estimate of $357.71 million. Deckers Outdoor Corporation had a net margin of 0.32% and a return on equity of 12.48%. The company’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share.
Several research analysts have weighed in on DECK shares. Stifel Nicolaus raised their price objective on shares of Deckers Outdoor Corporation from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, May 26th. Canaccord Genuity reissued a “buy” rating and set a $69.00 price objective on shares of Deckers Outdoor Corporation in a report on Tuesday, May 23rd. Zacks Investment Research raised shares of Deckers Outdoor Corporation from a “hold” rating to a “buy” rating and set a $67.00 price objective for the company in a report on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $60.00 price target on shares of Deckers Outdoor Corporation in a report on Sunday, April 2nd. Finally, ValuEngine raised shares of Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $64.93.
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Deckers Outdoor Corporation (NYSE DECK) opened at 66.08 on Thursday. Deckers Outdoor Corporation has a 52 week low of $44.00 and a 52 week high of $72.72. The firm has a market cap of $2.11 billion, a P/E ratio of 371.24 and a beta of 1.28. The company’s 50 day moving average is $68.02 and its 200-day moving average is $59.65.
A number of institutional investors have recently added to or reduced their stakes in the stock. State Treasurer State of Michigan boosted its position in Deckers Outdoor Corporation by 1.5% in the second quarter. State Treasurer State of Michigan now owns 13,200 shares of the textile maker’s stock valued at $901,000 after buying an additional 200 shares during the last quarter. Aperio Group LLC boosted its position in Deckers Outdoor Corporation by 8.6% in the second quarter. Aperio Group LLC now owns 10,504 shares of the textile maker’s stock valued at $717,000 after buying an additional 831 shares during the last quarter. West Coast Financial LLC boosted its position in Deckers Outdoor Corporation by 2.0% in the second quarter. West Coast Financial LLC now owns 73,583 shares of the textile maker’s stock valued at $5,023,000 after buying an additional 1,436 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Deckers Outdoor Corporation by 2.5% in the second quarter. Louisiana State Employees Retirement System now owns 8,300 shares of the textile maker’s stock valued at $567,000 after buying an additional 200 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in Deckers Outdoor Corporation by 19.8% in the second quarter. LS Investment Advisors LLC now owns 2,674 shares of the textile maker’s stock valued at $183,000 after buying an additional 442 shares during the last quarter.
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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