Deckers Outdoor (NYSE:DECK) Announces Earnings Results

Deckers Outdoor (NYSE:DECK) released its quarterly earnings data on Thursday. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.24 by $0.35, Briefing.com reports. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 EPS. Deckers Outdoor updated its FY25 guidance to $5.15-5.25 EPS and its FY 2025 guidance to 5.150-5.250 EPS.

Deckers Outdoor Stock Performance

DECK stock opened at $168.11 on Friday. The firm has a market cap of $4.28 billion, a PE ratio of 5.74, a PEG ratio of 2.85 and a beta of 1.05. The firm’s 50 day moving average price is $105.11 and its 200-day moving average price is $53.38. Deckers Outdoor has a one year low of $80.67 and a one year high of $184.48.

Analyst Upgrades and Downgrades

DECK has been the topic of several analyst reports. UBS Group raised their price target on shares of Deckers Outdoor from $226.00 to $232.00 and gave the company a “buy” rating in a research report on Friday. Guggenheim started coverage on Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating on the stock. Seaport Res Ptn cut Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a report on Monday, October 7th. Wells Fargo & Company raised their price objective on Deckers Outdoor from $165.00 to $170.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Wedbush restated an “outperform” rating and issued a $28.61 price objective on shares of Deckers Outdoor in a research report on Friday, July 26th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $149.50.

Insider Activity at Deckers Outdoor

In related news, CFO Steven J. Fasching sold 9,198 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the completion of the sale, the chief financial officer now owns 161,838 shares in the company, valued at $26,973,539.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $166.67, for a total transaction of $1,533,030.66. Following the sale, the chief financial officer now owns 161,838 shares in the company, valued at approximately $26,973,539.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Powers sold 140,832 shares of Deckers Outdoor stock in a transaction on Friday, September 6th. The shares were sold at an average price of $23.97, for a total transaction of $3,376,368.96. Following the completion of the transaction, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

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 in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear, apparel, and accessories for ultra-runners and athletes under the HOKA brand name; and sandals, shoes, and boots under the Teva brand name.