Wedbush Equities Analysts Raise Earnings Estimates for Deckers Outdoor Corp (NYSE:DECK)

Deckers Outdoor Corp (NYSE:DECK) – Research analysts at Wedbush raised their FY2020 earnings per share estimates for Deckers Outdoor in a report released on Friday, July 26th. Wedbush analyst C. Svezia now anticipates that the textile maker will post earnings of $8.70 per share for the year, up from their prior forecast of $8.55. Wedbush has a “Neutral” rating and a $148.00 price objective on the stock. Wedbush also issued estimates for Deckers Outdoor’s FY2021 earnings at $9.40 EPS.

DECK has been the topic of several other research reports. Telsey Advisory Group restated an “outperform” rating and set a $192.00 price target (up previously from $189.00) on shares of Deckers Outdoor in a report on Friday, July 26th. Susquehanna Bancshares set a $200.00 price target on Global Payments and gave the company a “buy” rating in a report on Friday, July 26th. Macquarie set a $155.00 price target on Deckers Outdoor and gave the company a “hold” rating in a report on Tuesday, June 11th. Robert W. Baird set a $81.00 price target on W. R. Grace & Co and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Wells Fargo & Co started coverage on Deckers Outdoor in a report on Tuesday, April 23rd. They set a “market perform” rating and a $163.00 price target on the stock. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $162.29.

NYSE:DECK opened at $155.60 on Monday. The firm’s fifty day moving average is $173.49. Deckers Outdoor has a fifty-two week low of $101.69 and a fifty-two week high of $180.76. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.60 and a beta of 0.81. The company has a quick ratio of 1.62, a current ratio of 2.69 and a debt-to-equity ratio of 0.24.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported ($0.67) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.15) by $0.48. Deckers Outdoor had a return on equity of 27.74% and a net margin of 13.45%. The company had revenue of $276.80 million for the quarter, compared to analyst estimates of $259.71 million. During the same quarter in the prior year, the firm posted ($0.98) EPS. Deckers Outdoor’s quarterly revenue was up 10.5% compared to the same quarter last year.

Institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its stake in shares of Deckers Outdoor by 284.1% during the first quarter. Quadrant Capital Group LLC now owns 242 shares of the textile maker’s stock valued at $34,000 after buying an additional 179 shares during the period. Rockefeller Capital Management L.P. purchased a new position in shares of Deckers Outdoor during the first quarter valued at $106,000. Lavaca Capital LLC increased its stake in shares of Deckers Outdoor by 16.2% during the first quarter. Lavaca Capital LLC now owns 906 shares of the textile maker’s stock valued at $133,000 after buying an additional 126 shares during the period. World Asset Management Inc bought a new stake in Deckers Outdoor during the first quarter valued at about $201,000. Finally, We Are One Seven LLC boosted its position in Deckers Outdoor by 100.0% during the first quarter. We Are One Seven LLC now owns 1,416 shares of the textile maker’s stock valued at $208,000 after purchasing an additional 708 shares in the last quarter.

In other news, COO David E. Lafitte sold 1,350 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $151.27, for a total transaction of $204,214.50. Following the transaction, the chief operating officer now owns 23,113 shares in the company, valued at $3,496,303.51. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrea O’donnell sold 2,100 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $153.13, for a total value of $321,573.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,263 shares of company stock worth $807,763. Insiders own 0.40% of the company’s stock.

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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