Deckers Outdoor (DECK) Releases FY19 Earnings Guidance

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Deckers Outdoor (NYSE:DECK) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $7.85-$7.95 for the period, compared to the Thomson Reuters consensus estimate of $6.93. The company issued revenue guidance of $1.986-$2.0 billion, compared to the consensus revenue estimate of $1.97 billion.Deckers Outdoor also updated its Q4 guidance to $0.00-$0.10 EPS.

A number of equities analysts have recently commented on the stock. Pivotal Research reissued a hold rating on shares of Deckers Outdoor in a research note on Monday. Canaccord Genuity set a $143.00 target price on shares of Deckers Outdoor and gave the company a buy rating in a research note on Friday, January 18th. ValuEngine downgraded shares of Deckers Outdoor from a buy rating to a hold rating in a research note on Thursday, January 10th. Citigroup raised their target price on shares of Deckers Outdoor from $122.00 to $140.00 and gave the company a neutral rating in a research note on Monday, November 12th. Finally, Macquarie set a $105.00 target price on shares of Deckers Outdoor and gave the company a hold rating in a research note on Tuesday, October 30th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $118.57.

Deckers Outdoor stock traded up $1.32 during midday trading on Thursday, hitting $128.45. 1,091,296 shares of the stock were exchanged, compared to its average volume of 694,768. Deckers Outdoor has a 1 year low of $84.30 and a 1 year high of $137.49. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 1.91 and a beta of 0.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.41 and a quick ratio of 1.26.

In related news, Director John Mersman Gibbons sold 3,000 shares of Deckers Outdoor stock in a transaction on Friday, November 9th. The shares were sold at an average price of $134.00, for a total transaction of $402,000.00. Following the sale, the director now owns 28,663 shares of the company’s stock, valued at approximately $3,840,842. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

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About Deckers Outdoor

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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Earnings History and Estimates for Deckers Outdoor (NYSE:DECK)

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