According to Zacks, “Deckers’ focus on expanding its brand assortments, bringing more innovative line of products, targeting consumers digitally via marketing and sturdy eCommerce, and optimizing omni-channel distribution bode well. These initiatives not only aided the stock to outperform the Zacks categorized industry in the past one year but also helped post positive earnings surprise for the sixth straight quarter, as it reported second-quarter fiscal 2017 results. The quarterly earnings also increased 10.8% year over year. However, net sales fell 0.2% from the year-ago period. Management now expects net sales to decline in the band of 1.5–3% during fiscal 2017 and to be flat to down 2% during the third quarter. Deckers’ third quarter earnings projection also disappoints to an extent. The company envisions earnings in the band of $4.16–$4.28 per share for the quarter down from $4.78 in the prior-year period.”
A number of other equities research analysts have also recently weighed in on DECK. Brean Capital reiterated a buy rating on shares of Deckers Outdoor Corporation in a research report on Friday, January 6th. Canaccord Genuity restated a buy rating and issued a $70.00 price objective on shares of Deckers Outdoor Corporation in a report on Thursday, January 5th. Susquehanna restated a sell rating on shares of Deckers Outdoor Corporation in a report on Monday, December 19th. Jefferies Group restated a buy rating and issued a $75.00 price objective on shares of Deckers Outdoor Corporation in a report on Thursday, December 1st. Finally, Stifel Nicolaus upgraded shares of Deckers Outdoor Corporation from a hold rating to a buy rating and lifted their price objective for the company from $60.00 to $68.00 in a report on Friday, November 11th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $58.44.
Shares of Deckers Outdoor Corporation (NYSE:DECK) traded down 1.86% during mid-day trading on Tuesday, reaching $58.59. 405,144 shares of the company’s stock traded hands. The company has a market cap of $1.88 billion, a P/E ratio of 16.85 and a beta of 0.90. Deckers Outdoor Corporation has a 12-month low of $40.74 and a 12-month high of $69.94. The company’s 50 day moving average is $58.71 and its 200 day moving average is $60.08.
Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings data on Thursday, October 27th. The company reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.04. The firm had revenue of $485.90 million for the quarter, compared to analyst estimates of $495.75 million. Deckers Outdoor Corporation had a net margin of 6.19% and a return on equity of 14.80%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 earnings per share. On average, analysts predict that Deckers Outdoor Corporation will post $4.14 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its position in Deckers Outdoor Corporation by 65.0% in the second quarter. LS Investment Advisors LLC now owns 1,987 shares of the company’s stock worth $114,000 after buying an additional 783 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Deckers Outdoor Corporation by 15.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,647 shares of the company’s stock worth $210,000 after buying an additional 499 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in shares of Deckers Outdoor Corporation during the second quarter worth $230,000. Amalgamated Bank boosted its position in shares of Deckers Outdoor Corporation by 10.9% in the second quarter. Amalgamated Bank now owns 4,017 shares of the company’s stock worth $266,000 after buying an additional 394 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Deckers Outdoor Corporation during the second quarter worth $240,000.
Deckers Outdoor Corporation 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.
What are top analysts saying about Deckers Outdoor Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Deckers Outdoor Corporation and related companies.