Analysts Expect Deckers Outdoor Corp (NYSE:DECK) Will Post Quarterly Sales of $898.18 Million

Equities analysts expect Deckers Outdoor Corp (NYSE:DECK) to post $898.18 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Deckers Outdoor’s earnings, with the lowest sales estimate coming in at $887.40 million and the highest estimate coming in at $905.30 million. Deckers Outdoor posted sales of $873.80 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The company is expected to announce its next quarterly earnings results on Thursday, January 30th.

According to Zacks, analysts expect that Deckers Outdoor will report full-year sales of $2.14 billion for the current year, with estimates ranging from $2.12 billion to $2.15 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.26 billion, with estimates ranging from $2.22 billion to $2.30 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Deckers Outdoor.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, October 24th. The textile maker reported $2.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.34 by $0.37. Deckers Outdoor had a net margin of 13.36% and a return on equity of 27.89%. The firm had revenue of $542.21 million during the quarter, compared to analysts’ expectations of $529.11 million. During the same quarter last year, the business earned $2.38 earnings per share. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year.

Several brokerages recently commented on DECK. Susquehanna Bancshares reiterated a “buy” rating and issued a $220.00 price objective on shares of Deckers Outdoor in a research note on Friday. Pivotal Research reiterated a “buy” rating and issued a $193.00 price objective on shares of Deckers Outdoor in a research note on Friday, October 25th. Robert W. Baird set a $180.00 price objective on shares of Deckers Outdoor and gave the company a “hold” rating in a research note on Friday, July 26th. Wedbush raised their price objective on shares of Deckers Outdoor from $148.00 to $154.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Bank of America set a $202.00 target price on shares of Deckers Outdoor and gave the stock a “buy” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $176.31.

Shares of NYSE DECK opened at $166.92 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 2.44 and a debt-to-equity ratio of 0.25. Deckers Outdoor has a 52 week low of $110.87 and a 52 week high of $180.76. The firm has a 50-day moving average price of $154.57 and a 200 day moving average price of $155.50. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.50 and a beta of 0.88.

In other Deckers Outdoor news, Director John Mersman Gibbons sold 3,000 shares of Deckers Outdoor stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $161.32, for a total transaction of $483,960.00. Following the completion of the transaction, the director now owns 22,528 shares in the company, valued at $3,634,216.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO David E. Lafitte sold 1,000 shares of Deckers Outdoor stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $148.44, for a total transaction of $148,440.00. Following the transaction, the chief operating officer now owns 30,837 shares of the company’s stock, valued at approximately $4,577,444.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,500 shares of company stock valued at $2,311,260. 0.90% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Covington Capital Management purchased a new stake in shares of Deckers Outdoor during the second quarter worth about $25,000. Coastal Investment Advisors Inc. purchased a new stake in shares of Deckers Outdoor during the second quarter worth about $26,000. Shamrock Asset Management LLC purchased a new stake in shares of Deckers Outdoor during the second quarter worth about $27,000. Doyle Wealth Management purchased a new stake in shares of Deckers Outdoor during the second quarter worth about $37,000. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Deckers Outdoor during the second quarter worth about $56,000.

Deckers Outdoor Company Profile

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

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