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.
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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