Economy

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

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 https://www.truebluetribune.com/2017/10/27/deckers-outdoor-corporation-deck-price-target-raised-to-84-00.html. 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.



Like this

Latest


28 October 2017
Avnet, Inc. (AVT) Releases FY18 Earnings Guidance
Currently, the stock carries a price to earnings ratio of 24.37, a price to book ratio of 1.76, and a price to sales ratio of 0.6. Stifel Nicolaus reaffirmed a "hold" rating and issued a $42.00 target price on shares of Avnet in a report on Thursday.

28 October 2017
Bradley Beal and Draymond Green ejected after fight between Wizards and Warriors
Green has a reputation for being a trash-talker and player that isn't one to back down from confrontation. Green would emerge with a ripped jersey, a problem that Nike will need to address.

28 October 2017
Alaska Air Group, Inc. (ALK)
Following the completion of the sale, the executive vice president now owns 21,328 shares in the company, valued at $1,834,847.84. Following the sale, the chairman now directly owns 140,346 shares of the company's stock, valued at approximately $12,045,897.18.

28 October 2017
French Defense Minister Arrives In New Delhi
The ministers reiterated their strong intention to further expand bilateral cooperation on counter-terrorism. Parly was accorded a tri-services guard of honour at South Block, which houses the Indian defence ministry.

28 October 2017
Dr Pepper Snapple Group, Inc (DPS) Shares Sold by Rathbone Brothers plc
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Credit Suisse Group reiterated a "buy" rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd.

28 October 2017
The Harvey Weinstein effect
Lawyers for the co-founder of The Weinstein Co., filed the action late this week in Delaware. He seems impatient to get another piece out ASAP, ' the insider told Page Six .

28 October 2017
General Motors Company (GM)
The Altman Z-score depends on five financial ratios that can be calculated from data found on a company's annual 10K report. Following the acquisition, the director now directly owns 4,560 shares in the company, valued at approximately $158,961.60.

28 October 2017
'Alien' rock could be first confirmed object from outside our solar system
NASA says astronomers are pointing telescopes on the ground and in space at the object to get that data. A/2017 U1 crossed under the ecliptic plane just inside of the Mercury's orbit on September 2.

28 October 2017
Analog Devices, Inc. (ADI) stock returned 14.29% positive in past quarter
Argus restated a buy rating and set a $73.00 price target on shares of Analog Devices in a research note on Thursday, August 18th. Also, SVP Peter Real sold 4,505 shares of Analog Devices stock in a transaction that occurred on Wednesday, August 30th.

28 October 2017
3-truck crash on Highway 401 leaves 1 driver dead
The cause of the collision has not been determined but Schmidt said driver inattention could be a factor. He was pronounced dead at the scene, and later identified as 59-year-old Ajax resident Abdual Waheed.



Recommended