Deckers Outdoor Corporation (NYSE:DECK) – Equities research analysts at Wedbush increased their FY2018 EPS estimates for Deckers Outdoor in a research note issued to investors on Tuesday, Zacks Investment Research reports. Wedbush analyst C. Svezia now anticipates that the textile maker will post earnings per share of $4.40 for the year, up from their previous estimate of $4.23. Wedbush has a “Neutral” rating and a $72.00 price target on the stock. Wedbush also issued estimates for Deckers Outdoor’s FY2019 earnings at $5.10 EPS.
Other equities research analysts have also recently issued reports about the stock. Susquehanna Bancshares reissued a “negative” rating and issued a $40.00 price objective (down from $57.00) on shares of Deckers Outdoor in a research report on Monday, October 16th. BidaskClub raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Morgan Stanley boosted their price objective on shares of Deckers Outdoor from $64.50 to $70.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 31st. Stifel Nicolaus set a $85.00 price objective on shares of Deckers Outdoor and gave the company a “buy” rating in a research report on Saturday, December 16th. Finally, Buckingham Research set a $68.00 price objective on shares of Deckers Outdoor and gave the company a “hold” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $71.69.
Deckers Outdoor (NYSE:DECK) opened at $82.95 on Wednesday. The company has a market cap of $2,651.16, a PE ratio of 82.95, a P/E/G ratio of 1.76 and a beta of 1.26. Deckers Outdoor has a fifty-two week low of $44.00 and a fifty-two week high of $83.10. The company has a current ratio of 2.43, a quick ratio of 1.26 and a debt-to-equity ratio of 0.03.
Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.54 EPS for the quarter, beating the consensus estimate of $1.02 by $0.52. The company had revenue of $482.50 million for the quarter, compared to the consensus estimate of $440.11 million. Deckers Outdoor had a net margin of 1.80% and a return on equity of 15.23%. The firm’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 EPS.
Deckers Outdoor announced that its Board of Directors has authorized a stock repurchase program on Thursday, October 26th that allows the company to repurchase $335.00 million in shares. This repurchase authorization allows the textile maker to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Deckers Outdoor by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,622,377 shares of the textile maker’s stock worth $179,002,000 after purchasing an additional 19,287 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Deckers Outdoor by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,546,161 shares of the textile maker’s stock worth $173,801,000 after purchasing an additional 174,844 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Deckers Outdoor by 21.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,105,440 shares of the textile maker’s stock worth $75,623,000 after purchasing an additional 195,164 shares during the period. State Street Corp lifted its position in shares of Deckers Outdoor by 3.6% in the 2nd quarter. State Street Corp now owns 1,039,579 shares of the textile maker’s stock worth $70,962,000 after purchasing an additional 36,356 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Deckers Outdoor by 0.6% in the 2nd quarter. Northern Trust Corp now owns 771,076 shares of the textile maker’s stock worth $52,634,000 after purchasing an additional 4,584 shares during the period. 99.56% of the stock is owned by hedge funds and other 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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