Analysts Expect Deckers Outdoor Co. (NYSE:DECK) to Announce $1.35 Earnings Per Share

Equities analysts predict that Deckers Outdoor Co. (NYSE:DECKGet Rating) will report $1.35 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Deckers Outdoor’s earnings. The lowest EPS estimate is $1.22 and the highest is $1.46. Deckers Outdoor posted earnings of $1.18 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 14.4%. The firm is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Deckers Outdoor will report full-year earnings of $15.09 per share for the current year, with EPS estimates ranging from $14.96 to $15.15. For the next year, analysts forecast that the company will post earnings of $17.54 per share, with EPS estimates ranging from $15.99 to $18.72. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Deckers Outdoor.

Deckers Outdoor (NYSE:DECKGet Rating) last issued its earnings results on Thursday, February 3rd. The textile maker reported $8.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $8.35 by $0.07. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. Deckers Outdoor had a return on equity of 28.28% and a net margin of 14.00%. During the same quarter in the prior year, the business earned $8.99 earnings per share.

DECK has been the subject of a number of analyst reports. Cowen reduced their price target on Deckers Outdoor from $478.00 to $358.00 and set an “outperform” rating for the company in a report on Friday, February 4th. Telsey Advisory Group reduced their price target on Deckers Outdoor from $475.00 to $450.00 and set an “outperform” rating for the company in a report on Friday, February 4th. Seaport Res Ptn reissued a “buy” rating on shares of Deckers Outdoor in a report on Tuesday, January 18th. Zacks Investment Research raised Deckers Outdoor from a “sell” rating to a “hold” rating and set a $388.00 target price on the stock in a report on Monday, January 3rd. Finally, Jefferies Financial Group reduced their target price on Deckers Outdoor from $525.00 to $450.00 and set a “buy” rating on the stock in a report on Friday, February 4th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $447.55.

DECK traded down $0.59 on Friday, reaching $271.24. The company’s stock had a trading volume of 333,793 shares, compared to its average volume of 417,008. The stock has a market cap of $7.39 billion, a price-to-earnings ratio of 18.12 and a beta of 0.86. Deckers Outdoor has a 1 year low of $231.88 and a 1 year high of $451.49. The business’s 50 day moving average is $278.02 and its 200 day moving average is $337.24.

A number of institutional investors and hedge funds have recently bought and sold shares of DECK. Clearstead Advisors LLC acquired a new stake in Deckers Outdoor in the 3rd quarter valued at approximately $27,000. West Oak Capital LLC boosted its stake in Deckers Outdoor by 60.0% during the 4th quarter. West Oak Capital LLC now owns 80 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Atticus Wealth Management LLC bought a new position in Deckers Outdoor during the 3rd quarter valued at $36,000. UMB Bank N A MO bought a new position in Deckers Outdoor during the 4th quarter valued at $36,000. Finally, NEXT Financial Group Inc boosted its stake in shares of Deckers Outdoor by 580.0% during the 4th quarter. NEXT Financial Group Inc now owns 102 shares of the textile maker’s stock worth $37,000 after acquiring an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 96.21% of the company’s stock.

Deckers Outdoor Company Profile (Get Rating)

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities. The company offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and relaxed casual shoes and sandals under the Sanuk brand name.

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