Deckers Outdoor (NYSE:DECK) Issues Quarterly Earnings Results

Deckers Outdoor (NYSE:DECK) posted its quarterly earnings data on Thursday. The textile maker reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.35, Briefing.com reports. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business earned $1.14 EPS. Deckers Outdoor’s revenue was up 20.1% compared to the same quarter last year. 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 Up 10.6 %

Shares of Deckers Outdoor stock opened at $168.15 on Friday. The firm has a market cap of $4.28 billion, a PE ratio of 5.74, a P/E/G ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a fifty-two week low of $80.67 and a fifty-two week high of $184.48. The business’s fifty day moving average is $105.11 and its two-hundred day moving average is $53.18.

Analysts Set New Price Targets

A number of research analysts have weighed in on DECK shares. Evercore ISI lifted their price objective on shares of Deckers Outdoor from $185.00 to $195.00 and gave the company an “outperform” rating in a report on Friday. KeyCorp lifted their target price on shares of Deckers Outdoor from $180.00 to $190.00 and gave the stock an “overweight” rating in a research note on Friday. Wells Fargo & Company increased their price target on shares of Deckers Outdoor from $165.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday. Seaport Res Ptn downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, Bank of America boosted their price objective on Deckers Outdoor from $170.00 to $182.00 and gave the company a “neutral” rating in a report on Friday. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.50.

Insiders Place Their Bets

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

Deckers Outdoor Company Profile

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.