Deckers Outdoor (NASDAQ:DECK) Profit Tumbles while Stock Hikes to Record High – DECK, CROX, SHOO, WWW

Deckers Outdoor Corp (NASDAQ:DECK) announced that fiscal Q4 net income plunged to $98.0 million from $127.2 million in similar quarter a year earlier. EPS fell to $2.77 from $3.18 in the similar period previous year.

Thomson Reuters analysts survey most recently forecasted to announce earnings of $2.61 a share for the three months period.

Most recent quarter results show higher sales outlays and S,G & A or selling, general and administrative costs from the previous year period.

Net sales for the three months period surged to $617.26 million, from $603.85 million for the similar quarter a year ago.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Crocs, Inc. (NASDAQ:CROX) fell -0.07% to settle at $15.14, Steven Madden, Ltd. (NASDAQ:SHOO) moved down -1.13% to end at $43.59 while Wolverine World Wide, Inc. (NYSE:WWW) jumped +1.16% to finish at $42.69 on Friday.

Deckers Outdoor Corp (NASDAQ:DECK) last session’s volume of 9.32 million shares was surprisingly higher than its average volume of 2.12 million shares. The stock after opening at $44.23 hit high price of $47.00 and then closed at $46.62 by scoring +15.37%.

The liquidity measure in recent quarter results of the company was recorded 2.59 as current ratio and on the other side the debt to equity ratio was 0.13 and long-term debt to equity ratio remained at 0.08. The Company had total cash of $110.25 million at hand and a book value per share as $21.15 in the most recent quarter.

The stock’s price volatility was 4.48% for a week and 4.49% for a month as well as price volatility’s Average True Range for 14 days was 2.16 and its beta remained at 1.29.

DECK generated revenue of $1.41 billion in the previous twelve months and earned $128.87 million. The Company showed a positive 9.12% in the net profit margin as well as in its operating margin which remained at 13.22%. Company’s annual sales growth for the past five years was 25.80%.

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