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

Deckers Outdoor (NYSE:DECK) posted its quarterly earnings data on Thursday. The textile maker reported $1.59 EPS for the quarter, topping the consensus estimate of $1.22 by $0.37, Briefing.com reports. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.20 billion. Deckers Outdoor had a net margin of 18.45% and a return on equity of 40.52%. Deckers Outdoor’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business 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

NYSE DECK traded up $16.31 during mid-day trading on Friday, reaching $168.35. 6,577,783 shares of the stock were exchanged, compared to its average volume of 2,260,009. The business’s 50 day moving average is $102.28 and its 200-day moving average is $52.18. Deckers Outdoor has a 1 year low of $80.67 and a 1 year high of $184.48. The company has a market capitalization of $4.28 billion, a P/E ratio of 5.77, a P/E/G ratio of 2.85 and a beta of 1.05.

Insider Buying and Selling

In related news, Director David Powers sold 140,832 shares of the 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 sale, the director now directly owns 2,450,808 shares of the company’s stock, valued at approximately $58,756,760.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Deckers Outdoor news, Director David Powers sold 140,832 shares of the company’s 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 approximately $58,756,760.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 161,838 shares of the company’s stock, valued at $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 currently owned by insiders.

Analyst Ratings Changes

DECK has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on shares of Deckers Outdoor from $180.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday. Wells Fargo & Company boosted their target price on shares of Deckers Outdoor from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday. StockNews.com downgraded shares of Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Guggenheim assumed coverage on shares of Deckers Outdoor in a research report on Wednesday, October 9th. They set a “neutral” rating on the stock. Finally, UBS Group boosted their target price on shares of Deckers Outdoor from $225.00 to $226.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.69.

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.