Equities research analysts expect that Deckers Outdoor Corp (NYSE:DECK) will post sales of $528.00 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Deckers Outdoor’s earnings. The highest sales estimate is $530.70 million and the lowest is $525.00 million. Deckers Outdoor posted sales of $501.91 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.2%. The firm is scheduled to announce its next earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Deckers Outdoor will report full-year sales of $2.13 billion for the current financial year, with estimates ranging from $2.12 billion to $2.16 billion. For the next financial year, analysts forecast that the firm will report sales of $2.25 billion, with estimates ranging from $2.22 billion to $2.28 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Deckers Outdoor.

Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, July 25th. The textile maker reported ($0.67) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.15) by $0.48. The business had revenue of $276.80 million during the quarter, compared to analysts’ expectations of $259.71 million. Deckers Outdoor had a return on equity of 27.74% and a net margin of 13.45%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.98) earnings per share.

A number of research analysts have issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $192.00 price objective (up previously from $189.00) on shares of Deckers Outdoor in a research note on Friday, July 26th. Zacks Investment Research upgraded Deckers Outdoor from a “hold” rating to a “buy” rating and set a $158.00 price objective for the company in a research note on Wednesday, May 29th. Bank of America reiterated a “buy” rating and set a $200.00 price objective (up previously from $180.00) on shares of Deckers Outdoor in a research note on Friday, July 26th. ValuEngine cut Deckers Outdoor from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Citigroup set a $180.00 price objective on Deckers Outdoor and gave the company a “hold” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Deckers Outdoor presently has an average rating of “Hold” and an average price target of $163.36.

Institutional investors have recently bought and sold shares of the stock. Covington Capital Management purchased a new stake in Deckers Outdoor during the second quarter valued at $25,000. Coastal Investment Advisors Inc. bought a new stake in Deckers Outdoor during the second quarter valued at about $26,000. Shamrock Asset Management LLC bought a new stake in Deckers Outdoor during the second quarter valued at about $27,000. Doyle Wealth Management bought a new stake in Deckers Outdoor during the second quarter valued at about $37,000. Finally, Quadrant Capital Group LLC grew its holdings in Deckers Outdoor by 284.1% during the first quarter. Quadrant Capital Group LLC now owns 242 shares of the textile maker’s stock valued at $34,000 after purchasing an additional 179 shares during the period.

NYSE:DECK traded down $3.20 during trading hours on Wednesday, reaching $139.81. 442,444 shares of the company traded hands, compared to its average volume of 529,859. The business’s 50-day moving average price is $145.49 and its two-hundred day moving average price is $154.16. The stock has a market capitalization of $4.00 billion, a P/E ratio of 15.82, a P/E/G ratio of 1.41 and a beta of 0.83. Deckers Outdoor has a 1 year low of $101.69 and a 1 year high of $180.76. The company has a current ratio of 2.69, a quick ratio of 1.62 and a debt-to-equity ratio of 0.24.

About Deckers Outdoor

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 and Estimates for Deckers Outdoor (NYSE:DECK)

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