Deckers Outdoor (NYSE:DECK) posted its earnings results on Thursday. The textile maker reported $2.71 EPS for the quarter, topping the consensus estimate of $2.34 by $0.37, Briefing.com reports. The company had revenue of $542.21 million during the quarter, compared to the consensus estimate of $529.11 million. Deckers Outdoor had a net margin of 13.36% and a return on equity of 27.18%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.38 earnings per share. Deckers Outdoor updated its Q3 guidance to $6.30-6.40 EPS and its FY20 guidance to $8.90-9.05 EPS.
DECK stock traded down $5.14 during trading on Friday, reaching $150.88. The stock had a trading volume of 957,049 shares, compared to its average volume of 463,793. Deckers Outdoor has a one year low of $110.20 and a one year high of $180.76. The company has a quick ratio of 1.62, a current ratio of 2.69 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $147.54 and its two-hundred day moving average is $154.65. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 1.48 and a beta of 0.85.
Several equities research analysts have recently commented on the stock. Bank of America reissued a “buy” rating and set a $200.00 target price (up from $180.00) on shares of Deckers Outdoor in a research report on Friday, July 26th. Stifel Nicolaus raised shares of Deckers Outdoor from a “hold” rating to a “buy” rating and boosted their target price for the stock from $166.00 to $170.00 in a research report on Friday, October 11th. Pivotal Research reissued a “buy” rating and set a $193.00 target price on shares of Deckers Outdoor in a research report on Friday. Wedbush boosted their target price on shares of Deckers Outdoor from $148.00 to $154.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Susquehanna Bancshares boosted their target price on shares of Deckers Outdoor from $180.00 to $205.00 in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. Deckers Outdoor presently has an average rating of “Hold” and a consensus target price of $170.36.
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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