Deckers Outdoor Corp (DECK) Releases Earnings Results, Beats Expectations By $0.05 EPS

Deckers Outdoor Corp (DECK) reported quarterly earnings results on Thursday, May-26-2016. The company said it had a profit of $0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.06. The company posted revenue of $378.60 million in the period, compared to analysts expectations of $362.08 million. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Many Wall Street Analysts have commented on Deckers Outdoor Corp. Deckers Outdoor Corp was Downgraded by BB&T Capital Mkts to ” Underweight” on May 13, 2016. Company shares were Reiterated by Canaccord Genuity on Mar 31, 2016 to “Buy”, Firm has raised the Price Target to $ 72 from a previous price target of $67 .

Deckers Outdoor Corp opened for trading at $48.77 and hit $49.68 on the upside on Wednesday, eventually ending the session at $48.95, with a gain of 0.12% or 0.06 points. The heightened volatility saw the trading volume jump to 11,65,578 shares. Company has a market cap of $1,587 M.

In a different news, on Sep 11, 2015, Karyn Odette Barsa (director) sold 1,500 shares at $62.78 per share price. According to the SEC, on Feb 25, 2015, David Powers (President, Omni Channel) sold 1,650 shares at $76.06 per share price. On Feb 11, 2015, Thomas George (CFO) sold 2,552 shares at $75.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Deckers Outdoor Corporation (Deckers) offers footwear apparel and accessories. The Company’s segments include operations of Deckers’ brands such as UGG Teva Sanuk and other brands; wholesale divisions; E-Commerce business and retail store business. It sells its UGG footwear and accessories through department stores independent specialty retailers and online retailers. The Company sells Teva footwear through specialty outdoor and sporting goods retailers. It sells Sanuk footwear through independent action sports retailers outdoor retailers specialty footwear retailers and national retail chains. The Company sells other brands at specialty running stores department stores outdoor specialty accounts independent specialty retailers and through online retailers. It operate its E-Commerce business through and Websites. Its retail stores segment operates UGG concept stores and UGG outlet stores.

Deckers Outdoor Corp

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