$800.32 Million in Sales Expected for Deckers Outdoor Corp (DECK) This Quarter

Brokerages expect Deckers Outdoor Corp (NYSE:DECK) to report sales of $800.32 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Deckers Outdoor’s earnings, with estimates ranging from $789.90 million to $816.90 million. Deckers Outdoor posted sales of $810.48 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.3%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 7th.

On average, analysts expect that Deckers Outdoor will report full-year sales of $1.95 billion for the current year, with estimates ranging from $1.94 billion to $1.96 billion. For the next financial year, analysts forecast that the company will report sales of $2.03 billion, with estimates ranging from $2.01 billion to $2.06 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Deckers Outdoor.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 25th. The textile maker reported $2.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.66. The company had revenue of $501.91 million during the quarter, compared to analysts’ expectations of $496.22 million. Deckers Outdoor had a return on equity of 22.59% and a net margin of 7.69%. During the same quarter last year, the company earned $1.54 EPS.



A number of equities analysts recently commented on the company. Buckingham Research lifted their price target on Deckers Outdoor from $109.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday. ValuEngine upgraded Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. Susquehanna Bancshares upgraded Deckers Outdoor from a “neutral” rating to a “positive” rating in a report on Friday. reiterated a “hold” rating and set a $104.00 price target on shares of Deckers Outdoor in a report on Monday, October 22nd. Finally, Telsey Advisory Group lifted their price target on Deckers Outdoor from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, July 27th. Twelve research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $113.57.

In other news, Director Brian Spaly acquired 1,000 shares of Deckers Outdoor stock in a transaction dated Tuesday, July 31st. The stock was bought at an average price of $113.17 per share, for a total transaction of $113,170.00. Following the completion of the acquisition, the director now directly owns 1,087 shares in the company, valued at approximately $123,015.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Large investors have recently modified their holdings of the company. Employees Retirement System of Texas bought a new stake in shares of Deckers Outdoor during the second quarter worth approximately $1,580,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Deckers Outdoor by 13.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 435,267 shares of the textile maker’s stock worth $49,138,000 after acquiring an additional 51,685 shares during the period. Atria Investments LLC boosted its holdings in shares of Deckers Outdoor by 24.4% during the second quarter. Atria Investments LLC now owns 3,138 shares of the textile maker’s stock worth $354,000 after acquiring an additional 616 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Deckers Outdoor by 10.8% during the second quarter. PNC Financial Services Group Inc. now owns 26,750 shares of the textile maker’s stock worth $3,018,000 after acquiring an additional 2,612 shares during the period. Finally, Amalgamated Bank raised its position in shares of Deckers Outdoor by 15.4% in the second quarter. Amalgamated Bank now owns 5,198 shares of the textile maker’s stock valued at $587,000 after buying an additional 693 shares in the last quarter.

Shares of NYSE DECK traded up $6.74 during mid-day trading on Wednesday, hitting $115.69. The company had a trading volume of 1,795,301 shares, compared to its average volume of 562,437. Deckers Outdoor has a one year low of $63.32 and a one year high of $124.68. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.93 and a quick ratio of 1.70. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.41 and a beta of 1.07.

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.

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