Deckers Outdoor Corp (NYSE:DECK) – Analysts at Wedbush issued their Q3 2021 earnings per share (EPS) estimates for Deckers Outdoor in a report released on Tuesday, March 24th. Wedbush analyst C. Svezia forecasts that the textile maker will earn $7.58 per share for the quarter. Wedbush has a “Outperform” rating and a $145.00 price target on the stock.
Deckers Outdoor (NYSE:DECK) last announced its quarterly earnings data on Thursday, January 30th. The textile maker reported $7.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.55 by $0.59. The company had revenue of $938.74 million for the quarter, compared to analyst estimates of $900.43 million. Deckers Outdoor had a return on equity of 27.93% and a net margin of 13.20%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $6.59 EPS.
A number of other research analysts have also weighed in on DECK. Bank of America raised their price objective on Deckers Outdoor from $202.00 to $210.00 and gave the company a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group raised Deckers Outdoor from a “hold” rating to a “buy” rating and set a $240.00 target price for the company in a research note on Friday, January 31st. Susquehanna Bancshares reaffirmed a “buy” rating and issued a $230.00 target price on shares of Deckers Outdoor in a research note on Thursday, January 30th. Evercore ISI reaffirmed a “hold” rating and issued a $175.00 target price on shares of Deckers Outdoor in a research note on Friday, January 31st. Finally, ValuEngine raised Deckers Outdoor from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $195.60.
Shares of DECK stock opened at $140.57 on Thursday. The stock’s fifty day moving average is $166.22 and its two-hundred day moving average is $161.96. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.10 and a current ratio of 2.89. The firm has a market capitalization of $3.87 billion, a P/E ratio of 14.06, a PEG ratio of 0.81 and a beta of 0.71. Deckers Outdoor has a fifty-two week low of $78.70 and a fifty-two week high of $203.19.
In related news, CEO David Powers sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $170.00, for a total transaction of $425,000.00. Following the completion of the sale, the chief executive officer now directly owns 91,490 shares of the company’s stock, valued at approximately $15,553,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David E. Lafitte sold 782 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $193.28, for a total value of $151,144.96. Following the sale, the chief operating officer now directly owns 30,055 shares of the company’s stock, valued at $5,809,030.40. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the stock. Stifel Financial Corp increased its position in shares of Deckers Outdoor by 61.1% during the 3rd quarter. Stifel Financial Corp now owns 78,044 shares of the textile maker’s stock worth $11,523,000 after purchasing an additional 29,606 shares during the last quarter. Wedbush Securities Inc. grew its position in Deckers Outdoor by 8.1% in the 4th quarter. Wedbush Securities Inc. now owns 1,845 shares of the textile maker’s stock valued at $312,000 after acquiring an additional 139 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Deckers Outdoor by 13.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 32,804 shares of the textile maker’s stock valued at $4,834,000 after acquiring an additional 3,858 shares in the last quarter. James Investment Research Inc. grew its position in Deckers Outdoor by 30.8% in the 4th quarter. James Investment Research Inc. now owns 21,879 shares of the textile maker’s stock valued at $3,694,000 after acquiring an additional 5,154 shares in the last quarter. Finally, Dorsey Wright & Associates grew its position in Deckers Outdoor by 2.5% in the 4th quarter. Dorsey Wright & Associates now owns 16,942 shares of the textile maker’s stock valued at $2,861,000 after acquiring an additional 406 shares in the last quarter. 96.40% of the stock is owned by hedge funds and other institutional investors.
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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