Deckers Outdoor Corporation (NYSE:DECK) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.15-4.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.09. Deckers Outdoor Corporation also updated its Q3 guidance to 3.65-3.75 EPS.
Shares of Deckers Outdoor Corporation (NYSE DECK) opened at $68.45 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.26 and a current ratio of 2.43. Deckers Outdoor Corporation has a 12 month low of $44.00 and a 12 month high of $73.45. The company has a market capitalization of $2,187.73, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.49 and a beta of 1.19.
Deckers Outdoor Corporation (NYSE:DECK) last posted its earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.52. Deckers Outdoor Corporation had a return on equity of 15.23% and a net margin of 1.80%. The business had revenue of $482.50 million during the quarter, compared to analyst estimates of $440.11 million. During the same quarter last year, the firm earned $1.21 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. sell-side analysts anticipate that Deckers Outdoor Corporation will post 4.3 EPS for the current fiscal year.
Deckers Outdoor Corporation announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 26th that allows the company to buyback $335.00 million in shares. This buyback authorization allows the textile maker to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
A number of equities research analysts have weighed in on DECK shares. Susquehanna Bancshares Inc restated a neutral rating and set a $57.00 price objective (down previously from $60.00) on shares of Deckers Outdoor Corporation in a research note on Monday, July 24th. Piper Jaffray Companies set a $66.00 target price on Deckers Outdoor Corporation and gave the stock a hold rating in a report on Thursday, July 27th. Telsey Advisory Group raised their price target on Deckers Outdoor Corporation from $68.00 to $72.00 and gave the stock an outperform rating in a report on Friday, July 28th. Canaccord Genuity set a $76.00 price target on Deckers Outdoor Corporation and gave the stock a buy rating in a report on Thursday, July 27th. Finally, Stifel Nicolaus set a $74.00 price target on Deckers Outdoor Corporation and gave the stock a buy rating in a report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $69.43.
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About Deckers Outdoor Corporation
Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.
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