Brokers Offer Predictions for Deckers Outdoor Corp’s FY2020 Earnings (DECK)

Deckers Outdoor Corp (NYSE:DECK) – Research analysts at Wedbush lowered their FY2020 earnings per share (EPS) estimates for shares of Deckers Outdoor in a note issued to investors on Monday, May 13th. Wedbush analyst C. Svezia now forecasts that the textile maker will post earnings per share of $8.10 for the year, down from their prior forecast of $8.35.

DECK has been the subject of a number of other reports. ValuEngine upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Saturday, February 2nd. Wells Fargo & Co initiated coverage on Deckers Outdoor in a research note on Tuesday, April 23rd. They issued a “market perform” rating and a $163.00 price target for the company. Jefferies Financial Group set a $132.00 price target on Deckers Outdoor and gave the company a “hold” rating in a research note on Saturday, February 2nd. Canaccord Genuity set a $143.00 price target on Deckers Outdoor and gave the company a “buy” rating in a research note on Friday, January 18th. Finally, Bank of America restated a “neutral” rating and issued a $150.00 price target (up from $134.00) on shares of Deckers Outdoor in a research note on Friday, February 1st. Fourteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $132.00.

NYSE:DECK opened at $144.50 on Thursday. The company has a quick ratio of 2.19, a current ratio of 3.06 and a debt-to-equity ratio of 0.03. The stock has a market cap of $4.03 billion, a P/E ratio of 25.17, a PEG ratio of 1.72 and a beta of 0.74. Deckers Outdoor has a 52-week low of $98.21 and a 52-week high of $159.75.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Deckers Outdoor by 39.9% in the first quarter. FMR LLC now owns 1,578,078 shares of the textile maker’s stock valued at $231,961,000 after buying an additional 449,854 shares during the last quarter. V Wealth Advisors LLC acquired a new stake in shares of Deckers Outdoor in the first quarter valued at approximately $202,000. BlueMountain Capital Management LLC lifted its position in shares of Deckers Outdoor by 101.2% in the first quarter. BlueMountain Capital Management LLC now owns 56,657 shares of the textile maker’s stock valued at $8,328,000 after buying an additional 28,494 shares during the last quarter. Kiwi Wealth Investments Limited Partnership acquired a new stake in shares of Deckers Outdoor in the first quarter valued at approximately $1,511,000. Finally, HighTower Advisors LLC lifted its position in shares of Deckers Outdoor by 27.2% in the first quarter. HighTower Advisors LLC now owns 2,881 shares of the textile maker’s stock valued at $424,000 after buying an additional 616 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.

Further Reading: Debt-To-Equity Ratio

Earnings History and Estimates for Deckers Outdoor (NYSE:DECK)

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