Brokerages expect Deckers Outdoor Corporation (NYSE:DECK) to post $437.58 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Deckers Outdoor Corporation’s earnings. The highest sales estimate is $438.40 million and the lowest is $437.00 million. Deckers Outdoor Corporation reported sales of $485.94 million during the same quarter last year, which would suggest a negative year over year growth rate of 10%. The business is expected to announce its next quarterly earnings report on Thursday, October 26th.

According to Zacks, analysts expect that Deckers Outdoor Corporation will report full-year sales of $437.58 million for the current financial year, with estimates ranging from $1.76 billion to $1.78 billion. For the next year, analysts expect that the company will post sales of $1.80 billion per share, with estimates ranging from $1.76 billion to $1.84 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Deckers Outdoor Corporation.

Deckers Outdoor Corporation (NYSE:DECK) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported ($1.28) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.67) by $0.39. Deckers Outdoor Corporation had a return on equity of 14.25% and a net margin of 1.23%. The company had revenue of $209.70 million for the quarter, compared to analysts’ expectations of $178.36 million. During the same period in the previous year, the firm posted ($1.80) EPS. Deckers Outdoor Corporation’s revenue was up 20.2% compared to the same quarter last year.

A number of analysts recently issued reports on DECK shares. Jefferies Group LLC set a $74.00 target price on shares of Deckers Outdoor Corporation and gave the stock a “buy” rating in a research report on Saturday, July 29th. Stifel Nicolaus set a $74.00 target price on shares of Deckers Outdoor Corporation and gave the stock a “buy” rating in a research report on Sunday, July 30th. Canaccord Genuity set a $76.00 target price on shares of Deckers Outdoor Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. ValuEngine upgraded shares of Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Finally, BidaskClub upgraded shares of Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $67.67.

Deckers Outdoor Corporation (NYSE DECK) traded up 1.47% during midday trading on Thursday, reaching $71.25. The company had a trading volume of 440,615 shares. Deckers Outdoor Corporation has a 1-year low of $44.00 and a 1-year high of $72.72. The firm’s 50 day moving average is $64.83 and its 200 day moving average is $63.43. The stock has a market capitalization of $2.28 billion, a PE ratio of 102.37 and a beta of 1.34.

Hedge funds have recently modified their holdings of the company. Flinton Capital Management LLC raised its stake in shares of Deckers Outdoor Corporation by 74.2% in the 2nd quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock valued at $118,000 after acquiring an additional 736 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Deckers Outdoor Corporation by 75.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock valued at $132,000 after acquiring an additional 831 shares during the period. James Investment Research Inc. purchased a new position in shares of Deckers Outdoor Corporation in the 2nd quarter valued at $148,000. Point72 Asia Hong Kong Ltd raised its stake in shares of Deckers Outdoor Corporation by 185.2% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 2,504 shares of the textile maker’s stock valued at $150,000 after acquiring an additional 1,626 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Deckers Outdoor Corporation by 91.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock valued at $175,000 after acquiring an additional 1,213 shares during the period. 99.57% of the stock is currently owned by institutional investors and hedge funds.

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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.

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