Deckers Outdoor (NYSE:DECK) Releases Earnings Results, Beats Estimates By $0.52 EPS

Deckers Outdoor (NYSE:DECK) released its quarterly earnings results on Thursday. The textile maker reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.52, FiscalAI reports. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.51 billion. Deckers Outdoor had a return on equity of 41.51% and a net margin of 18.54%. During the same quarter last year, the company posted $1.82 EPS.

Deckers Outdoor Price Performance

NYSE DECK traded down $0.03 during mid-day trading on Thursday, reaching $85.46. 7,674,443 shares of the stock were exchanged, compared to its average volume of 2,525,478. The stock has a market cap of $11.64 billion, a P/E ratio of 12.12, a P/E/G ratio of 1.36 and a beta of 1.12. The stock has a 50 day simple moving average of $83.83 and a 200-day simple moving average of $97.09. Deckers Outdoor has a one year low of $77.20 and a one year high of $122.29.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DECK shares. BMO Capital Markets assumed coverage on shares of Deckers Outdoor in a research report on Tuesday, September 8th. They issued an “underperform” rating and a $70.00 price target on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $105.00 price objective on shares of Deckers Outdoor in a research note on Thursday, October 15th. KeyCorp reissued a “sector weight” rating on shares of Deckers Outdoor in a research note on Friday, July 24th. Raymond James Financial set a $105.00 price objective on shares of Deckers Outdoor and gave the company an “outperform” rating in a research note on Friday, October 16th. Finally, Robert W. Baird lowered their price target on Deckers Outdoor from $125.00 to $115.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $111.84.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, doing business as Deckers Brands (NYSE: DECK), is a global footwear, apparel and accessories company. Its portfolio includes UGG, known for sheepskin and casual footwear; HOKA, which focuses on performance and running shoes; Teva, which offers outdoor and sport sandals and footwear; and Koolaburra by UGG, a lifestyle footwear brand.

The company sells its products through department and specialty stores, independent retailers, international distributors, company-owned retail stores and e-commerce websites.