Deckers Outdoor (NYSE:DECK) Issues Earnings Results, Beats Estimates By $0.37 EPS

Deckers Outdoor (NYSE:DECK) issued its quarterly earnings data on Thursday. The textile maker reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.37, Briefing.com reports. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 earnings per share. 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 Price Performance

Shares of Deckers Outdoor stock traded up $16.31 during trading on Friday, hitting $168.35. The stock had a trading volume of 6,577,783 shares, compared to its average volume of 2,260,009. The firm’s fifty day simple moving average is $102.28 and its 200-day simple moving average is $52.18. The stock has a market cap of $4.28 billion, a PE ratio of 5.77, a PEG ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a 12 month low of $80.67 and a 12 month high of $184.48.

Insider Transactions at Deckers Outdoor

In related news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction dated Friday, October 4th. The shares were 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction dated Friday, October 4th. The shares were 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David Powers sold 140,832 shares of Deckers Outdoor stock in a transaction dated 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 sale, the director now owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

DECK has been the subject of a number of research reports. Guggenheim initiated coverage on shares of Deckers Outdoor in a report on Wednesday, October 9th. They set a “neutral” rating for the company. Piper Sandler set a $166.00 target price on shares of Deckers Outdoor in a report on Thursday, October 17th. Stifel Nicolaus upped their target price on shares of Deckers Outdoor from $147.83 to $181.00 and gave the company a “hold” rating in a report on Friday. KeyCorp upped their target price on shares of Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday. Finally, Robert W. Baird upped their target price on shares of Deckers Outdoor from $180.00 to $195.00 and gave the company an “outperform” rating in a report on Friday. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.69.

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.