Deckers Outdoor Corp (NYSE:DECK) – Equities research analysts at Wedbush upped their Q1 2021 earnings per share estimates for Deckers Outdoor in a report issued on Wednesday, July 8th. Wedbush analyst C. Svezia now anticipates that the textile maker will post earnings of ($1.13) per share for the quarter, up from their prior estimate of ($1.20). Wedbush has a “Outperform” rating and a $211.00 price objective on the stock. Wedbush also issued estimates for Deckers Outdoor’s Q2 2021 earnings at $2.15 EPS.

Other equities research analysts also recently issued research reports about the stock. Telsey Advisory Group decreased their price target on shares of Deckers Outdoor from $205.00 to $168.00 and set an “outperform” rating on the stock in a research note on Monday, May 18th. BTIG Research boosted their price objective on shares of Deckers Outdoor from $201.00 to $208.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Bank of America upped their price target on shares of Deckers Outdoor from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Citigroup cut their price target on shares of Deckers Outdoor from $180.00 to $175.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Finally, Zacks Investment Research upgraded shares of Deckers Outdoor from a “sell” rating to a “hold” rating and set a $158.00 price target on the stock in a report on Monday, April 13th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $202.40.

Deckers Outdoor stock opened at $196.04 on Monday. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.57 and a beta of 0.99. The firm’s fifty day moving average is $194.62 and its 200 day moving average is $168.28. The company has a quick ratio of 2.93, a current ratio of 3.97 and a debt-to-equity ratio of 0.22. Deckers Outdoor has a 52-week low of $78.70 and a 52-week high of $218.18.

Deckers Outdoor (NYSE:DECK) last released its quarterly earnings results on Thursday, May 21st. The textile maker reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.48. The company had revenue of $374.90 million for the quarter, compared to the consensus estimate of $355.40 million. Deckers Outdoor had a net margin of 12.95% and a return on equity of 26.45%. Deckers Outdoor’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share.

A number of large investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System increased its holdings in Deckers Outdoor by 2.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the textile maker’s stock worth $1,375,000 after buying an additional 200 shares during the period. Mount Yale Investment Advisors LLC acquired a new position in Deckers Outdoor in the 2nd quarter worth approximately $209,000. HBW Advisory Services LLC acquired a new position in Deckers Outdoor in the 2nd quarter worth approximately $619,000. Diversified Trust Co acquired a new position in Deckers Outdoor in the 2nd quarter worth approximately $657,000. Finally, State Street Corp increased its holdings in Deckers Outdoor by 1.8% in the 1st quarter. State Street Corp now owns 914,653 shares of the textile maker’s stock worth $122,564,000 after buying an additional 16,301 shares during the period. Institutional investors own 99.90% of the company’s stock.

In related news, Director Lauri M. Shanahan sold 1,832 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $194.70, for a total value of $356,690.40. Following the completion of the transaction, the director now directly owns 11,090 shares of the company’s stock, valued at approximately $2,159,223. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Thomas Garcia sold 500 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $194.86, for a total transaction of $97,430.00. Following the completion of the transaction, the senior vice president now directly owns 21,617 shares of the company’s stock, valued at $4,212,288.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,332 shares of company stock valued at $1,480,385. Insiders own 0.90% of the company’s stock.

Deckers Outdoor Company Profile

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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