Wall Street brokerages expect Deckers Outdoor Co. (NYSE:DECK) to report earnings of $8.26 per share for the current fiscal quarter, Zacks reports. Four analysts provided earnings estimates for Deckers Outdoor, with estimates ranging from $7.59 to $8.85. Deckers Outdoor posted earnings per share of $8.99 in the same quarter last year, which would indicate a negative 8.1% year-over-year growth rate. The company is expected to release its next quarterly results on Thursday, February 3.
According to Zacks, analysts expect Deckers Outdoor to report annual earnings of $15.09 per share for the current fiscal year, with EPS estimates ranging from $14.68 to $15.40. For the next fiscal year, analysts expect the company to report earnings of $18.11 per share, with EPS estimates ranging from $17.80 to $19.11. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts who provide coverage for Deckers Outdoor.
Deckers Outdoor (NYSE:DECK) last released quarterly earnings data on Thursday, October 28. The textile maker reported EPS of $3.66 for the quarter, missing the consensus estimate of $3.68 per ($0.02). The company posted revenue of $721.90 million in the quarter, compared to $758.79 million expected by analysts. Deckers Outdoor achieved a net margin of 15.33% and a return on equity of 30.04%. The company’s revenue increased 15.8% year over year. During the same period last year, the company earned earnings per share of $3.58.
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A number of analysts have recently released reports on the stock. Wedbush assumed coverage for Deckers Outdoor shares in a Monday, October 4, report. They set a “neutral” rating and a price target of $390.00 on the stock. Jefferies Financial Group assumed coverage of Deckers Outdoor stock in a Tuesday, Nov. 30, report. They set a “buy” rating and a price target of $525.00 on the stock. Zacks Investment Research moved shares of Deckers Outdoor from a “sell” rating to a “hold” rating and set a price target of $388.00 on the stock in a Monday, Jan. 3, report. Finally, Seaport Res Ptn reaffirmed a “buy” rating on Deckers Outdoor shares in a Tuesday, January 18 research report. Two research analysts rated the stock with a hold rating and eleven gave the company a buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $460.50.
In related news, CEO David Powers sold 2,225 shares of Deckers Outdoor in a trade on Monday, November 1. The shares were sold at an average price of $395.48, for a total value of $879,943.00. The transaction was disclosed in an SEC filing, which is available via the SEC website. Also, COO David E. Lafitte sold 500 shares of Deckers Outdoor in a trade on Wednesday, December 1. The shares were sold at an average price of $410.28, for a total transaction of $205,140.00. Disclosure of this sale can be found here. Insiders sold a total of 19,833 shares of the company worth $8,250,076 in the past ninety days. Company insiders own 0.90% of the company’s shares.
Several hedge funds and other institutional investors have recently changed their holdings in the company. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income increased its position in Deckers Outdoor shares by 0.4% during the third quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 5,660 shares of the textile maker worth $2,039,000 after buying 25 additional shares last quarter. Northwestern Mutual Wealth Management Co. increased its position in Deckers Outdoor shares by 7.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 396 shares of the textile maker worth $151,000 after buying 27 more shares last quarter. AllSquare Wealth Management LLC increased its position in Deckers Outdoor shares by 25.0% in the third quarter. AllSquare Wealth Management LLC now owns 140 shares of the textile maker worth $50,000 after buying 28 more shares last quarter. West Oak Capital LLC increased its position in Deckers Outdoor shares by 60.0% in the 4th quarter. West Oak Capital LLC now owns 80 shares of the textile maker worth $29,000 after buying 30 more shares last quarter. Finally, Wealthfront Advisers LLC increased its position in Deckers Outdoor shares by 4.8% in the 4th quarter. Wealthfront Advisers LLC now owns 720 shares of the textile maker worth $263,000 after buying 33 additional shares last quarter. Institutional investors hold 94.65% of the company’s shares.
DECK stock opened at $307.14 on Wednesday. The company’s fifty-day simple moving average is $369.57 and its 200-day simple moving average is $391.33. The company has a market capitalization of $8.43 billion, a P/E ratio of 19.76 and a beta of 0.75. Deckers Outdoor has a 12 month minimum of $276.70 and a 12 month maximum of $451.49.
Deckers Outdoor Company Profile
Deckers Outdoor Corp. deals with the design, marketing and distribution of footwear, apparel and accessories developed for both casual everyday use and high performance activities. It operates through the following segments: UGG Brand, HOKA Brand, Teva Brand, Sanuk Brand, Other Brands and Direct-to-Consumer.
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