Deckers Outdoor (NYSE:DECK) Posts Earnings Results, Beats Estimates By $0.93 EPS

Deckers Outdoor (NYSE:DECK) released its quarterly earnings results on Thursday. The textile maker reported $4.52 EPS for the quarter, topping analysts’ consensus estimates of $3.59 by $0.93, Briefing.com reports. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.89%. The firm had revenue of $825.30 million during the quarter, compared to analysts’ expectations of $808.40 million. During the same period in the previous year, the company earned $2.41 EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. Deckers Outdoor updated its FY25 guidance to $29.75-30.65 EPS and its FY 2025 guidance to 29.750-30.650 EPS.

Deckers Outdoor Price Performance

Deckers Outdoor stock traded up $53.20 during mid-day trading on Friday, reaching $894.70. 1,302,823 shares of the company traded hands, compared to its average volume of 371,790. Deckers Outdoor has a fifty-two week low of $484.02 and a fifty-two week high of $1,106.89. The company has a market capitalization of $22.76 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 2.97 and a beta of 1.06. The firm’s fifty day moving average is $970.62 and its two-hundred day moving average is $891.38.

Deckers Outdoor’s stock is going to split on Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, September 17th.

Insider Activity

In other news, CEO David Powers sold 10,955 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total value of $11,902,607.50. Following the sale, the chief executive officer now directly owns 76,006 shares of the company’s stock, valued at approximately $82,580,519. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Michael F. Devine III sold 2,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $1,077.00, for a total transaction of $2,154,000.00. Following the sale, the director now directly owns 6,204 shares of the company’s stock, valued at $6,681,708. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Powers sold 10,955 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,086.50, for a total transaction of $11,902,607.50. Following the sale, the chief executive officer now owns 76,006 shares in the company, valued at approximately $82,580,519. The disclosure for this sale can be found here. Insiders have sold 22,108 shares of company stock valued at $23,919,671 in the last ninety days. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DECK. Evercore ISI dropped their price target on shares of Deckers Outdoor from $1,110.00 to $1,100.00 and set an “outperform” rating for the company in a research note on Monday, July 15th. UBS Group lifted their price target on shares of Deckers Outdoor from $1,265.00 to $1,350.00 and gave the stock a “buy” rating in a research note on Friday. Citigroup lifted their price target on shares of Deckers Outdoor from $835.00 to $920.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 15th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Deckers Outdoor in a research note on Friday. Finally, Wells Fargo & Company boosted their price objective on shares of Deckers Outdoor from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, May 24th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,040.13.

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 and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.