Deckers Outdoor (DECK) Updates FY 2020 Earnings Guidance
Deckers Outdoor (NYSE:DECK) updated its FY 2020 earnings guidance on Thursday. The company provided earnings per share guidance of $8.20-8.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.98. The company issued revenue guidance of $2.095-2.12 billion, compared to the consensus revenue estimate of $2 billion.Deckers Outdoor also updated its FY20 guidance to $8.20-8.40 EPS.
A number of equities analysts recently weighed in on the stock. Canaccord Genuity reaffirmed a buy rating and issued a $164.00 target price (up from $143.00) on shares of Deckers Outdoor in a research note on Friday, February 1st. Robert W. Baird boosted their price target on shares of Deckers Outdoor from $125.00 to $145.00 and gave the stock a neutral rating in a research report on Monday, February 4th. Bank of America reissued a neutral rating and set a $150.00 price target (up from $134.00) on shares of Deckers Outdoor in a research report on Friday, February 1st. ValuEngine raised shares of Deckers Outdoor from a hold rating to a buy rating in a research report on Saturday, February 2nd. Finally, Susquehanna Bancshares raised shares of Deckers Outdoor from a neutral rating to a positive rating and boosted their price target for the stock from $161.00 to $169.00 in a research report on Tuesday, May 14th. Thirteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $139.38.
Shares of NYSE:DECK opened at $158.77 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.19 and a debt-to-equity ratio of 0.03. Deckers Outdoor has a one year low of $101.62 and a one year high of $159.75. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 1.85 and a beta of 0.74.
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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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