Deckers Outdoor (DECK) Issues Q1 2020 Earnings Guidance

Deckers Outdoor (NYSE:DECK) updated its first quarter 2020 earnings guidance on Thursday. The company provided EPS guidance of $-1.25–1.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $-1. The company issued revenue guidance of $250-260 million.Deckers Outdoor also updated its FY 2020 guidance to $8.20-8.40 EPS.

A number of analysts have recently weighed in on the stock. Pivotal Research reaffirmed a hold rating and issued a $146.00 price target (up from $138.00) on shares of Deckers Outdoor in a research note on Monday. Susquehanna Bancshares raised shares of Deckers Outdoor from a neutral rating to a positive rating and upped their price target for the stock from $161.00 to $169.00 in a research note on Tuesday, May 14th. ValuEngine lowered shares of Deckers Outdoor from a buy rating to a hold rating in a research note on Friday, May 10th. Bank of America raised shares of Deckers Outdoor from a neutral rating to a buy rating and upped their price target for the stock from $150.00 to $180.00 in a research note on Tuesday. Finally, Zacks Investment Research lowered shares of Deckers Outdoor from a strong-buy rating to a hold rating in a research note on Wednesday, April 3rd. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Deckers Outdoor has a consensus rating of Hold and a consensus price target of $135.50.

DECK stock traded down $2.68 on Thursday, hitting $147.41. 1,426,300 shares of the company’s stock traded hands, compared to its average volume of 558,327. Deckers Outdoor has a 1-year low of $101.62 and a 1-year high of $159.75. The firm has a market cap of $4.33 billion, a PE ratio of 25.68, a P/E/G ratio of 1.85 and a beta of 0.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.06 and a quick ratio of 2.19.

COPYRIGHT VIOLATION NOTICE: “Deckers Outdoor (DECK) Issues Q1 2020 Earnings Guidance” was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.thelincolnianonline.com/2019/05/23/deckers-outdoor-deck-issues-q1-2020-earnings-guidance.html.

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.

Further Reading: How does a margin account work?

Earnings History and Estimates for Deckers Outdoor (NYSE:DECK)

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.