Deckers Outdoor Corporation (DECK) Releases Earnings Results, Beats Expectations By $0.52 EPS

Dimensional Fund Advisors LP now owns 2,546,161 shares of the textile maker's stock valued at $173,801,000 after acquiring an additional 174,844 shares in the last quarter. Geode Capital Mngmt Llc stated it has 0.01% of its portfolio in Deckers Outdoor Corp (NYSE:DECK). Vanguard Group Inc. grew its holdings in shares of Deckers Outdoor Corporation by 0.7% in the 2nd quarter.

On a per-share basis, the Goleta, California-based company said it had profit of $1.54. Susquehanna downgraded shares of Deckers Outdoor Corp. from a neutral rating to a negative rating and reduced their price target for the company from $59.00 to $49.00 in a report on Thursday, October 13th. Schwab Charles Inv Management Inc reported 0.02% of its portfolio in Deckers Outdoor Corp (NYSE:DECK). It separately reported second-quarter earnings of $1.54 a share on revenue of $482.5 million, ahead of the $1.02 a share in earnings and revenue of $438 million forecast by analysts in a FactSet survey. Institutional investors own 99.23% of the company's stock. Nationwide Fund holds 0.02% of its portfolio in Deckers Outdoor Corp (NYSE:DECK) for 76,883 shares. Telsey Advisory Group upped their price target on shares of Deckers Outdoor Corporation from $68.00 to $72.00 and gave the stock an "outperform" rating in a research note on Friday, July 28th. The corporation has a market cap of US$2.24 Billion.

The consensus analysts recommendation at this point stands at 2.50 on Deckers Outdoor Corporation (NYSE:DECK).

In taking a look at technical levels, shares are trading 25.86% away from the 50 day simple moving average and 23.23% away from the 200 day simple moving average.

Deckers Outdoor Corporation (NYSE:DECK) updated its third quarter earnings guidance on Thursday.

Deckers Outdoor Corp. had a net margin of 6.03% and a return on equity of 14.78%. The firm had revenue of $174.40 million for the quarter, compared to the consensus estimate of $170.48 million. During the same period previous year, the firm earned ($1.43) EPS. On average, equities analysts predict that Deckers Outdoor Corporation will post $4.09 EPS for the current year. Over the past twelve months, Deckers Outdoor Corporation (NYSE:DECK)'s stock was 26.67%. This repurchase authorization allows the textile maker to reacquire shares of its stock through open market purchases. Deckers also announced a new stock buyback program of up to $335 million on top of the $65 million remaining in its current plan. The stock is a Buy among 3 brokerage firms polled by Factset Research. Citigroup Inc. lifted their target price on Deckers Outdoor Corporation from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Friday. The correct version of this report can be read at The firm earned "Buy" rating on Tuesday, June 27 by Stifel Nicolaus. Jefferies upgraded the shares of ABB in report on Friday, October 9 to "Hold" rating. The firm now has a a hold rating on the stock. The stock of New Jersey Resources Corp (NYSE:NJR) has "Hold" rating given on Wednesday, March 30 by BB&T Capital.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by StockNewsTimes and is the property of of StockNewsTimes. Deckers Outdoor Corp. has a 1-year low of $40.74 and a 1-year high of $69.94. The Company's divisions include activities of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer business, which includes E-Commerce business and retail store business.

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