Deckers Outdoor (NYSE:DECK) Releases Quarterly Earnings Results, Beats Estimates By $0.83 EPS

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.

In other Deckers Outdoor news, COO David E. Lafitte sold 500 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $194.24, for a total value of $97,120.00. Following the completion of the sale, the chief operating officer now directly owns 29,578 shares in the company, valued at $5,745,230.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Thomas Garcia sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $199.00, for a total transaction of $199,000.00. Following the completion of the sale, the senior vice president now owns 20,617 shares of the company’s stock, valued at $4,102,783. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock worth $4,766,505 over the last ninety days. Insiders own 0.90% 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 for Deckers Outdoor (NYSE:DECK)

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