Deckers Outdoor (NYSE:DECK) posted its earnings results on Thursday. The textile maker reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($1.11) by $0.83, MarketWatch Earnings reports. The firm had revenue of $283.17 million during the quarter, compared to the consensus estimate of $264.52 million. Deckers Outdoor had a net margin of 13.44% and a return on equity of 27.12%.
Shares of NYSE:DECK traded down $4.90 on Friday, reaching $209.25. 593,111 shares of the company traded hands, compared to its average volume of 330,243. The business’s 50-day simple moving average is $197.97 and its 200 day simple moving average is $170.89. Deckers Outdoor has a 52 week low of $78.70 and a 52 week high of $220.36. The stock has a market capitalization of $5.86 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 1.57 and a beta of 0.99. The company has a current ratio of 3.97, a quick ratio of 2.93 and a debt-to-equity ratio of 0.22.
Several equities analysts recently commented on the stock. BTIG Research boosted their price objective on shares of Deckers Outdoor from $208.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday. Wedbush boosted their price objective on shares of Deckers Outdoor from $185.00 to $211.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Wells Fargo & Co boosted their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. UBS Group assumed coverage on shares of Deckers Outdoor in a research note on Wednesday, July 22nd. They set a “buy” rating and a $250.00 price objective for the company. Finally, Jefferies Financial Group boosted their price objective on shares of Deckers Outdoor from $200.00 to $245.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $210.13.
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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