Zacks: Analysts Anticipate Deckers Outdoor Corp (NYSE:DECK) to Post -$1.15 EPS

Wall Street brokerages expect Deckers Outdoor Corp (NYSE:DECK) to report earnings of ($1.15) per share for the current quarter, Zacks reports. Five analysts have issued estimates for Deckers Outdoor’s earnings, with the highest EPS estimate coming in at ($1.12) and the lowest estimate coming in at ($1.19). Deckers Outdoor reported earnings of ($0.98) per share in the same quarter last year, which indicates a negative year over year growth rate of 17.3%. The company is expected to announce its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Deckers Outdoor will report full year earnings of $8.45 per share for the current fiscal year, with EPS estimates ranging from $8.30 to $8.68. For the next year, analysts forecast that the company will post earnings of $9.28 per share, with EPS estimates ranging from $9.00 to $10.00. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Deckers Outdoor.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, May 23rd. The textile maker reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.75. Deckers Outdoor had a net margin of 13.08% and a return on equity of 27.32%. The firm had revenue of $394.10 million during the quarter, compared to the consensus estimate of $378.82 million. During the same period in the previous year, the firm earned $0.50 earnings per share. Deckers Outdoor’s revenue was down 1.6% compared to the same quarter last year.

A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. ValuEngine raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $189.00 price target (up from $173.00) on shares of Deckers Outdoor in a research report on Thursday, June 13th. Bank of America raised shares of Deckers Outdoor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $150.00 to $180.00 in a research report on Tuesday, May 21st. Finally, Susquehanna Bancshares raised shares of Deckers Outdoor from a “neutral” rating to a “positive” rating and lifted their price target for the company from $161.00 to $169.00 in a research report on Tuesday, May 14th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Deckers Outdoor has an average rating of “Hold” and a consensus price target of $146.50.

In other Deckers Outdoor news, insider Andrea O’donnell sold 2,100 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $153.13, for a total transaction of $321,573.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauri M. Shanahan sold 1,813 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $155.53, for a total transaction of $281,975.89. Following the sale, the director now owns 12,131 shares of the company’s stock, valued at approximately $1,886,734.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,263 shares of company stock valued at $807,763. Insiders own 0.40% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its position in shares of Deckers Outdoor by 617.4% in the fourth quarter. First Trust Advisors LP now owns 37,941 shares of the textile maker’s stock valued at $4,855,000 after acquiring an additional 32,652 shares during the period. LPL Financial LLC increased its stake in shares of Deckers Outdoor by 4.1% in the fourth quarter. LPL Financial LLC now owns 9,564 shares of the textile maker’s stock valued at $1,224,000 after buying an additional 375 shares during the period. New York State Common Retirement Fund increased its stake in shares of Deckers Outdoor by 4.7% in the fourth quarter. New York State Common Retirement Fund now owns 112,093 shares of the textile maker’s stock valued at $14,342,000 after buying an additional 4,996 shares during the period. Texas Permanent School Fund increased its stake in shares of Deckers Outdoor by 0.7% in the fourth quarter. Texas Permanent School Fund now owns 19,057 shares of the textile maker’s stock valued at $2,438,000 after buying an additional 134 shares during the period. Finally, Raymond James & Associates acquired a new stake in shares of Deckers Outdoor in the fourth quarter valued at about $481,000.

Shares of DECK stock opened at $174.19 on Wednesday. The firm has a market capitalization of $5.18 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.80 and a beta of 0.81. The company has a current ratio of 4.37, a quick ratio of 3.26 and a debt-to-equity ratio of 0.03. Deckers Outdoor has a fifty-two week low of $101.69 and a fifty-two week high of $180.76. The firm’s 50 day simple moving average is $166.08.

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

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