Deckers Outdoor Corporation (DECK) Forecasted to Post Q3 2018 Earnings of $3.70 Per Share

Deckers Outdoor Corporation (NYSE:DECK) – Equities research analysts at Jefferies Group issued their Q3 2018 earnings per share (EPS) estimates for Deckers Outdoor in a research report issued to clients and investors on Tuesday. Jefferies Group analyst R. Konik forecasts that the textile maker will earn $3.70 per share for the quarter. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Deckers Outdoor’s Q4 2018 earnings at $0.25 EPS and FY2018 earnings at $4.20 EPS.

A number of other analysts also recently issued reports on DECK. ValuEngine raised Deckers Outdoor from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research downgraded Deckers Outdoor from a “buy” rating to a “hold” rating in a report on Wednesday. Wedbush reaffirmed a “neutral” rating and set a $72.00 price target (up from $64.00) on shares of Deckers Outdoor in a report on Tuesday, December 19th. They noted that the move was a valuation call. Piper Jaffray Companies reaffirmed a “hold” rating and set a $66.00 price target on shares of Deckers Outdoor in a report on Friday, September 29th. Finally, UBS Group downgraded Deckers Outdoor to a “neutral” rating in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $71.69.

Shares of Deckers Outdoor (NYSE:DECK) traded down $0.39 during midday trading on Thursday, reaching $78.96. The company’s stock had a trading volume of 448,700 shares, compared to its average volume of 493,400. The stock has a market cap of $2,520.00, a P/E ratio of 78.96, a price-to-earnings-growth ratio of 1.69 and a beta of 1.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.43 and a quick ratio of 1.26. Deckers Outdoor has a 12 month low of $44.00 and a 12 month high of $80.96.

Deckers Outdoor (NYSE:DECK) last released its earnings results on Thursday, October 26th. The textile maker reported $1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.52. Deckers Outdoor had a return on equity of 15.23% and a net margin of 1.80%. The firm had revenue of $482.50 million during the quarter, compared to analysts’ expectations of $440.11 million. During the same period in the previous year, the firm posted $1.21 EPS. Deckers Outdoor’s revenue for the quarter was down .7% on a year-over-year basis.

Hedge funds have recently modified their holdings of the stock. Flinton Capital Management LLC increased its position in Deckers Outdoor by 74.2% during the 2nd quarter. Flinton Capital Management LLC now owns 1,728 shares of the textile maker’s stock worth $118,000 after purchasing an additional 736 shares during the period. Riverhead Capital Management LLC increased its position in Deckers Outdoor by 75.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,931 shares of the textile maker’s stock worth $132,000 after purchasing an additional 831 shares during the period. PNC Financial Services Group Inc. increased its position in Deckers Outdoor by 91.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,543 shares of the textile maker’s stock worth $175,000 after purchasing an additional 1,213 shares during the period. Parallax Volatility Advisers L.P. increased its position in Deckers Outdoor by 401.9% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 2,654 shares of the textile maker’s stock worth $181,000 after purchasing an additional 3,533 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in Deckers Outdoor during the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 99.56% of the company’s stock.

Deckers Outdoor declared that its board has initiated a stock buyback program on Thursday, October 26th that allows the company to buyback $335.00 million in outstanding shares. This buyback authorization allows the textile maker to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

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Deckers Outdoor 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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