Economy

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.



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