Deckers Outdoor Corporation (NYSE:DECK) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.95-4.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.04. Deckers Outdoor Corporation also updated its Q2 guidance to $1.00-1.05 EPS.
Shares of Deckers Outdoor Corporation (NYSE DECK) traded up 1.60% during trading on Friday, hitting $65.44. 851,493 shares of the stock traded hands. The stock has a 50 day moving average of $66.90 and a 200 day moving average of $59.98. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 367.64 and a beta of 1.28. Deckers Outdoor Corporation has a 52-week low of $44.00 and a 52-week high of $72.72.
Deckers Outdoor Corporation (NYSE:DECK) last issued its earnings results on Thursday, July 27th. The textile maker reported ($1.28) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.67) by $0.39. The firm had revenue of $209.70 million for the quarter, compared to analyst estimates of $178.36 million. Deckers Outdoor Corporation had a return on equity of 12.48% and a net margin of 0.32%. Deckers Outdoor Corporation’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.80) earnings per share. Analysts expect that Deckers Outdoor Corporation will post $4.04 EPS for the current year.
A number of brokerages recently commented on DECK. B. Riley reiterated a neutral rating and issued a $61.00 target price on shares of Deckers Outdoor Corporation in a research report on Monday, May 22nd. Telsey Advisory Group upped their target price on Deckers Outdoor Corporation from $68.00 to $72.00 and gave the company an outperform rating in a research report on Friday. Buckingham Research lowered Deckers Outdoor Corporation from a buy rating to a neutral rating in a research report on Wednesday, June 7th. BidaskClub upgraded Deckers Outdoor Corporation from a sell rating to a hold rating in a research report on Wednesday, July 5th. Finally, Susquehanna Bancshares Inc reiterated a neutral rating and issued a $57.00 target price (down previously from $60.00) on shares of Deckers Outdoor Corporation in a research report on Monday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. Deckers Outdoor Corporation currently has an average rating of Hold and an average price target of $66.43.
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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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