Analysts forecast that Deckers Outdoor Corp (NYSE:DECK) will report $820.56 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Deckers Outdoor’s earnings. The highest sales estimate is $825.10 million and the lowest is $813.60 million. Deckers Outdoor posted sales of $810.48 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.2%. The business is expected to report its next quarterly earnings report on Thursday, February 7th.
According to Zacks, analysts expect that Deckers Outdoor will report full year sales of $1.96 billion for the current financial year, with estimates ranging from $1.96 billion to $1.97 billion. For the next year, analysts anticipate that the firm will post sales of $2.04 billion, with estimates ranging from $2.02 billion to $2.07 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Deckers Outdoor.
Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings results on Thursday, October 25th. The textile maker reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.66. The business had revenue of $501.91 million for the quarter, compared to analyst estimates of $496.22 million. Deckers Outdoor had a return on equity of 23.27% and a net margin of 7.69%. During the same quarter in the prior year, the company earned $1.54 earnings per share.
Shares of Deckers Outdoor stock traded down $0.57 on Friday, hitting $122.77. The company had a trading volume of 236,120 shares, compared to its average volume of 746,071. The company has a market cap of $3.58 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.59 and a beta of 0.85. Deckers Outdoor has a 1 year low of $71.52 and a 1 year high of $137.49. The company has a quick ratio of 1.26, a current ratio of 2.41 and a debt-to-equity ratio of 0.04.
In other Deckers Outdoor news, CEO David Powers sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $128.31, for a total transaction of $192,465.00. Following the sale, the chief executive officer now owns 66,047 shares in the company, valued at $8,474,490.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Mersman Gibbons sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $134.00, for a total value of $402,000.00. Following the sale, the director now owns 28,663 shares in the company, valued at approximately $3,840,842. The disclosure for this sale can be found here. Insiders have sold 6,250 shares of company stock valued at $821,965 in the last three months. 0.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its holdings in shares of Deckers Outdoor by 37.4% in the third quarter. AQR Capital Management LLC now owns 1,552,467 shares of the textile maker’s stock worth $184,092,000 after buying an additional 422,981 shares during the period. FMR LLC increased its holdings in shares of Deckers Outdoor by 43.7% in the third quarter. FMR LLC now owns 1,010,311 shares of the textile maker’s stock worth $119,803,000 after buying an additional 306,997 shares during the period. Marshall Wace LLP purchased a new position in shares of Deckers Outdoor in the second quarter worth about $31,126,000. Acadian Asset Management LLC increased its holdings in shares of Deckers Outdoor by 91.3% in the third quarter. Acadian Asset Management LLC now owns 311,665 shares of the textile maker’s stock worth $36,957,000 after buying an additional 148,723 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Deckers Outdoor by 30.9% in the second quarter. Renaissance Technologies LLC now owns 575,100 shares of the textile maker’s stock worth $64,923,000 after buying an additional 135,900 shares during the period.
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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