Deckers Outdoor (NYSE:DECK) posted its earnings results on Thursday, October 25th. The textile maker reported $2.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.66, RTT News reports. Deckers Outdoor had a return on equity of 23.27% and a net margin of 7.69%. The company had revenue of $501.91 million for the quarter, compared to analyst estimates of $496.22 million. During the same quarter last year, the company earned $1.54 earnings per share. Deckers Outdoor updated its FY 2019 guidance to $6.65-6.85 EPS and its Q3 2019 guidance to $5.10-5.25 EPS.
Shares of NYSE DECK traded down $2.17 during mid-day trading on Friday, hitting $134.11. The company had a trading volume of 675,360 shares, compared to its average volume of 787,677. Deckers Outdoor has a 1 year low of $66.48 and a 1 year high of $137.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.26 and a current ratio of 2.41. The stock has a market cap of $4.07 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.75 and a beta of 0.85.
A number of research analysts have recently weighed in on the company. Macquarie set a $105.00 target price on Deckers Outdoor and gave the company a “hold” rating in a report on Tuesday, October 30th. Buckingham Research lifted their price target on Deckers Outdoor from $109.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 26th. Susquehanna Bancshares upgraded Deckers Outdoor from a “neutral” rating to a “positive” rating in a report on Friday, October 26th. UBS Group upgraded Deckers Outdoor from a “neutral” rating to a “positive” rating in a report on Friday, October 26th. Finally, Pivotal Research set a $120.00 price target on Deckers Outdoor and gave the stock a “hold” rating in a report on Wednesday, October 24th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $116.07.
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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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