Brokerages expect that Deckers Outdoor Corp (NYSE:DECK) will announce sales of $259.94 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Deckers Outdoor’s earnings. The lowest sales estimate is $253.90 million and the highest is $265.50 million. Deckers Outdoor posted sales of $250.59 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.7%. The company is expected to announce its next quarterly earnings report on Thursday, July 25th.
According to Zacks, analysts expect that Deckers Outdoor will report full-year sales of $2.12 billion for the current financial year, with estimates ranging from $2.11 billion to $2.15 billion. For the next year, analysts expect that the firm will report sales of $2.24 billion, with estimates ranging from $2.22 billion to $2.26 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Deckers Outdoor.
Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, May 23rd. The textile maker reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.75. The company had revenue of $394.10 million for the quarter, compared to the consensus estimate of $378.82 million. Deckers Outdoor had a net margin of 13.08% and a return on equity of 27.32%. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS.
In other news, Director Lauri M. Shanahan sold 1,813 shares of Deckers Outdoor stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $155.53, for a total transaction of $281,975.89. Following the completion of the sale, the director now directly owns 12,131 shares in the company, valued at $1,886,734.43. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Andrea O’donnell sold 2,100 shares of Deckers Outdoor stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $153.13, for a total transaction of $321,573.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,263 shares of company stock valued at $807,763. Insiders own 0.40% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC grew its holdings in Deckers Outdoor by 284.1% in 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. Rockefeller Capital Management L.P. purchased a new stake in Deckers Outdoor in the first quarter valued at approximately $106,000. Lavaca Capital LLC grew its holdings in Deckers Outdoor by 16.2% in the first quarter. Lavaca Capital LLC now owns 906 shares of the textile maker’s stock valued at $133,000 after purchasing an additional 126 shares during the period. Captrust Financial Advisors grew its holdings in Deckers Outdoor by 55.1% in the fourth quarter. Captrust Financial Advisors now owns 1,345 shares of the textile maker’s stock valued at $172,000 after purchasing an additional 478 shares during the period. Finally, World Asset Management Inc purchased a new stake in Deckers Outdoor in the first quarter valued at approximately $201,000.
Deckers Outdoor stock traded up $5.50 during midday trading on Friday, hitting $178.49. 334,700 shares of the company’s stock were exchanged, compared to its average volume of 539,645. Deckers Outdoor has a 12-month low of $101.69 and a 12-month high of $180.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.26 and a current ratio of 4.37. The stock has a market cap of $5.14 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.79 and a beta of 0.82. The business has a 50 day moving average price of $167.06.
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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