Jefferies Group downgraded shares of Deckers Outdoor (NYSE:DECK) from a buy rating to a hold rating in a report published on Tuesday, January 2nd, MarketBeat Ratings reports. Jefferies Group also issued estimates for Deckers Outdoor’s Q3 2018 earnings at $3.70 EPS, Q4 2018 earnings at $0.25 EPS, FY2018 earnings at $4.20 EPS and FY2019 earnings at $4.90 EPS.
DECK has been the subject of several other research reports. FIG Partners restated a buy rating on shares of Deckers Outdoor in a report on Monday, October 16th. ValuEngine upgraded shares of Deckers Outdoor from a hold rating to a buy rating in a research report on Sunday, December 31st. Robert W. Baird reiterated a hold rating and issued a $67.00 price target on shares of Deckers Outdoor in a research report on Friday, October 6th. BidaskClub downgraded shares of Deckers Outdoor from a buy rating to a hold rating in a research report on Tuesday, November 7th. Finally, UBS Group downgraded shares of Deckers Outdoor to a neutral rating in a research report on Monday, October 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $71.69.
Shares of Deckers Outdoor (NYSE DECK) traded up $1.11 during trading on Tuesday, hitting $81.70. 224,600 shares of the stock traded hands, compared to its average volume of 441,663. Deckers Outdoor has a fifty-two week low of $44.00 and a fifty-two week high of $81.84. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.26 and a current ratio of 2.43. The firm has a market cap of $2,620.00, a PE ratio of 81.70, a price-to-earnings-growth ratio of 1.68 and a beta of 1.26.
Deckers Outdoor (NYSE:DECK) last issued its earnings results on Thursday, October 26th. The textile maker reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.52. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. The business had revenue of $482.50 million during the quarter, compared to analysts’ expectations of $440.11 million. During the same quarter in the prior year, the business posted $1.21 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. analysts expect that Deckers Outdoor will post 4.32 earnings per share for the current year.
Deckers Outdoor announced that its board has initiated a stock buyback program on Thursday, October 26th that permits the company to buyback $335.00 million in outstanding shares. This buyback authorization permits the textile maker to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several institutional investors have recently added to or reduced their stakes in DECK. Schwab Charles Investment Management Inc. boosted its stake in shares of Deckers Outdoor by 11.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 255,364 shares of the textile maker’s stock worth $17,432,000 after purchasing an additional 25,594 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Deckers Outdoor by 11.7% in the second quarter. Legal & General Group Plc now owns 42,718 shares of the textile maker’s stock worth $2,918,000 after acquiring an additional 4,478 shares during the last quarter. Comerica Bank boosted its position in shares of Deckers Outdoor by 60.7% in the second quarter. Comerica Bank now owns 39,511 shares of the textile maker’s stock worth $2,486,000 after acquiring an additional 14,930 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Deckers Outdoor by 55.6% in the second quarter. BNP Paribas Arbitrage SA now owns 18,090 shares of the textile maker’s stock worth $1,235,000 after acquiring an additional 6,464 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Deckers Outdoor by 1.7% in the second quarter. Prudential Financial Inc. now owns 21,547 shares of the textile maker’s stock worth $1,471,000 after acquiring an additional 367 shares during the last quarter. 99.56% of the stock is currently owned by institutional investors.
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Deckers Outdoor Company Profile
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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