Deckers Outdoor (NYSE:DECK) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of ($1.25-1.15) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($1.00). The company issued revenue guidance of $250-260 million, compared to the consensus revenue estimate of $267.85 million.Deckers Outdoor also updated its FY 2020 guidance to $8.20-8.40 EPS.
Several equities analysts have recently issued reports on the company. Canaccord Genuity reiterated a buy rating and issued a $164.00 price objective (up previously from $143.00) on shares of Deckers Outdoor in a research note on Friday, February 1st. Robert W. Baird boosted their target price on Deckers Outdoor from $125.00 to $145.00 and gave the stock a neutral rating in a research note on Monday, February 4th. Bank of America restated a neutral rating and set a $150.00 target price (up previously from $134.00) on shares of Deckers Outdoor in a research note on Friday, February 1st. ValuEngine upgraded Deckers Outdoor from a hold rating to a buy rating in a research note on Saturday, February 2nd. Finally, Susquehanna Bancshares upgraded Deckers Outdoor from a neutral rating to a positive rating and boosted their target price for the stock from $161.00 to $169.00 in a research note on Tuesday, May 14th. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $135.50.
DECK stock traded down $2.68 during trading on Thursday, hitting $147.41. 1,426,300 shares of the company’s stock were exchanged, compared to its average volume of 558,327. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 1.85 and a beta of 0.74. Deckers Outdoor has a 52-week low of $101.62 and a 52-week high of $159.75. The company has a quick ratio of 2.19, a current ratio of 3.06 and a debt-to-equity ratio of 0.03.
Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings data on Thursday, May 23rd. The textile maker reported $0.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.77. Deckers Outdoor had a return on equity of 27.09% and a net margin of 12.87%. The company had revenue of $394.10 million during the quarter, compared to analysts’ expectations of $378.82 million. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Deckers Outdoor will post 7.99 EPS for the current year.
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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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