Wall Street brokerages expect that Deckers Outdoor Corp (NYSE:DECK) will post sales of $820.56 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Deckers Outdoor’s earnings. The highest sales estimate is $825.10 million and the lowest is $813.60 million. Deckers Outdoor reported sales of $810.48 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.2%. The firm is scheduled to issue its next earnings results on Thursday, February 7th.
On average, analysts expect that Deckers Outdoor will report full year sales of $1.96 billion for the current financial year, with estimates ranging from $1.96 billion to $1.97 billion. For the next fiscal year, analysts expect that the business will post sales of $2.04 billion, with estimates ranging from $2.02 billion to $2.07 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Deckers Outdoor.
Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 25th. The textile maker reported $2.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.66. Deckers Outdoor had a net margin of 7.69% and a return on equity of 23.27%. The firm had revenue of $501.91 million during the quarter, compared to analyst estimates of $496.22 million. During the same period last year, the business earned $1.54 earnings per share.
DECK has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. Canaccord Genuity reaffirmed a “buy” rating and issued a $137.00 price target on shares of Deckers Outdoor in a report on Tuesday, October 23rd. reaffirmed a “hold” rating and issued a $104.00 price target on shares of Deckers Outdoor in a report on Monday, October 22nd. Zacks Investment Research cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, Macquarie set a $105.00 price target on Deckers Outdoor and gave the stock a “hold” rating in a report on Tuesday, October 30th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Deckers Outdoor currently has an average rating of “Hold” and an average target price of $118.14.
Shares of DECK stock traded down $13.01 during trading hours on Thursday, hitting $113.61. 1,320,009 shares of the company’s stock traded hands, compared to its average volume of 752,216. Deckers Outdoor has a 12-month low of $79.60 and a 12-month high of $137.49. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.58 and a beta of 0.74. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.26 and a current ratio of 2.41.
In related news, insider Caroti Stefano sold 1,750 shares of the firm’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $130.00, for a total value of $227,500.00. Following the transaction, the insider now directly owns 24,252 shares in the company, valued at approximately $3,152,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Powers sold 1,500 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $128.31, for a total transaction of $192,465.00. Following the completion of the transaction, the chief executive officer now owns 66,047 shares in the company, valued at $8,474,490.57. The disclosure for this sale can be found here. Insiders sold 6,250 shares of company stock worth $821,965 in the last ninety days. Corporate insiders own 0.40% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Employees Retirement System of Texas acquired a new stake in Deckers Outdoor in the 2nd quarter worth $1,580,000. Prudential Financial Inc. boosted its position in shares of Deckers Outdoor by 268.1% during the third quarter. Prudential Financial Inc. now owns 83,399 shares of the textile maker’s stock valued at $9,889,000 after buying an additional 60,740 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Deckers Outdoor by 147.3% during the third quarter. SG Americas Securities LLC now owns 20,314 shares of the textile maker’s stock valued at $2,409,000 after buying an additional 12,100 shares during the last quarter. Northern Trust Corp boosted its position in shares of Deckers Outdoor by 2.4% during the second quarter. Northern Trust Corp now owns 752,880 shares of the textile maker’s stock valued at $84,993,000 after buying an additional 17,775 shares during the last quarter. Finally, Stevens Capital Management LP boosted its position in Deckers Outdoor by 75.8% in the third quarter. Stevens Capital Management LP now owns 20,276 shares of the textile maker’s stock worth $2,404,000 after purchasing an additional 8,745 shares during the last quarter.
About Deckers Outdoor
Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.
Read More: What is the NASDAQ Stock Market?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.