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Deckers Outdoor Corp. The Epic Bullish BreakthroughShares of Hoka-owner Deckers Outdoor rose in after-hours trading Thursday after the company handily beat Wall Street expectations in its fiscal fourth quarter. The stock was recently up 9.4% to $990, following a 1.3% rise at the close. Shares are up about 35% this year as of the close. The Goleta, Calif.-based shoe and apparel company, which also owns the Ugg and Teva brands, said its sales rose 21% to $959.8 million, ahead of the $888.5 million expected by analysts polled by FactSet. Hoka brand sales were up 34% and Ugg rose 15%. Teva brand sales fell 16%. The company posted a profit of $127.5 million, or $4.95 a share, in the three months ended March 31, compared with a profit of $91.8 million, or $3.46 a share, a year earlier. Analysts polled by FactSet expected a per-share profit of $3.10. Deckers expects revenue to increase about 10% to $4.7 billion in the fiscal year ending March 31, 2025. The company expects $29.50 to $30 in per-share earnings for the period, compared with the $30.74 a share expected by analysts polled by FactSet. Technical graph indicates on strong Bullish momentum in Deckers (DECK) shares, that based on my expectations is able to deliver stocks up to $1400 per share.
NYSE:DECK
by Pandorra
Soaring Sales of Hoka & Ugg Shoes Send Deckers to a Record HighsDeckers Outdoor's stock ( NYSE:DECK ) surged 13.56% to reach $1,000 for the first time in Q4, driven by the popularity of Ugg boots and Hoka sneakers among Americans. The company's stock has been up 35% this year, after rising 67% in 2023. In contrast, Nike has dropped 15% this year. Deckers Outdoor's stock is expected to remain bullish as it shows it can maintain a high EPS growth rate. Hoka's net sales jumped 34% in Q4, contributing nearly 56% to Deckers' revenue, while UGG sales were up 14.9%. UGG accounted for nearly 38% of Deckers' overall sales. These strong sales figures have prompted at least 14 analysts to raise their price targets on the stock. Deckers Outdoor ( NYSE:DECK ) reported fiscal 2024 fourth-quarter sales and profit that surpassed analysts' estimates, with earnings per share (EPS) of $4.95, more than $2 above analysts' estimates compiled by Visible Alpha. Revenue increased 21% from a year ago to $959.8 million, also above forecasts. Sales were up 19% to $647.7 million domestically and 25% to $312 million internationally. Direct-To-Consumer (DTC) sales gained 21% to $415.2 million, and wholesale sales climbed 21% to $544.6 million. CEO Dave Powers said Hoka and Ugg "remain two of the most admired and well-positioned brands in the marketplace." Deckers anticipates full-year EPS for fiscal 2025 of $29.50 to $30, up from $29.16 in fiscal 2024. Technical Outlook Deckers Outdoor ( NYSE:DECK ) stock is up 13.41% as of the time of writing. The stock is overbought trading with a Relative Strength Index (RSI) of 76.94. The stock formed an upside gapping which is a strong Bullish reversal pattern.
NYSE:DECKLong
by DEXWireNews
DECK, NVDA - what am I missing?DECK, NVDA is flying up nicely (in FIAT terms), quite FOMO, however in a five year period both trying to stick with bitcoin. NVDA is even slightly better, but I can't actually own it, transfer it anywhere, send it, pay with it, etc. So now is not a good time for me to even buy NVDA, I think it is overrated just like DECK. Plus, in the upcoming cycle, it's going to have a very hard time with the hard meter. What will the next 5 years bring? I bet on bitcoin. Start measuring value with the world's hardest asset - bitcoin (sats). Filter out a lot of the dirt and misinformation caused by monetary policy. When you build a house, you don't use a rubber tape measure. Take the same approach to building your financial freedom. Study bitcoin. DECK with rubber tape measure: NVDA with rubber tape measure: NVDA with hard tape measure:
NYSE:DECKShort
by liborbtc
Deckers Outdoor Corporation ($DECK) Soars to New HeightsFew stories captivate investors as profoundly as that of Deckers Outdoor Corporation (NYSE: NYSE:DECK ). The company's recent third-quarter financial results have set a new standard for excellence, propelling its stock to unprecedented heights and leaving a trail of excited investors in its wake. Deckers Outdoor Corporation (NYSE: NYSE:DECK ) Reported a stellar earnings performance, boasting an impressive $15.11 per share and generating a substantial $1.560 billion in revenue for the third quarter of 2024. Buoyed by this success, the company has boldly projected an adjusted earnings guidance for the full year, anticipating a range between $26.25 and $26.50 per share, with estimated revenue soaring to approximately $4.15 billion. Maintaining a gross margin of around 54.5%, Deckers (NYSE: NYSE:DECK ) demonstrates not only robust financials but also a strategic and sustainable business approach. This outstanding performance has not gone unnoticed by Wall Street analysts, who have revised their price targets in response to Deckers' (NYSE: NYSE:DECK ) triumph. Telsey Advisory Group, Wedbush, and Wells Fargo have raised their price targets to $930, $895, and $775, respectively. The consensus among 12 Wall Street analysts now stands at an average price target of $792.09, with a high estimate of $850 and a low estimate of $540. With 9 buy ratings and 4 hold ratings, the company holds a Moderate Buy consensus, reflecting a positive outlook for Deckers Outdoor Corporation (NYSE: NYSE:DECK ). The surge in stock performance on February 2, 2024, paints a vivid picture of investor confidence and enthusiasm. Deckers' shares experienced a remarkable 13.30% rise, reaching new heights near the top of its 52-week range and trading above its 200-day simple moving average. Starting the day at $832.89, a substantial $60.04 higher than its previous close, the opening price underscored the eagerness of investors to capitalize on the positive momentum surrounding the stock. Deckers Outdoor Corporation (NYSE: NYSE:DECK ), renowned for its popular footwear brands including UGG, Teva, and Hoka One One, has strategically positioned itself in the market through innovative product offerings and successful marketing strategies. The company's adaptability to changing market trends and its ability to tap into diverse consumer segments have undoubtedly contributed to its remarkable financial performance. Trading near the top of its 52-week range is a promising indicator for investors, signaling consistent and robust performance with the potential for further growth. The fact that the stock is trading above its 200-day simple moving average reinforces the positive trend over a more extended period, instilling further confidence among investors. The surge in Deckers' (NYSE: NYSE:DECK ) stock can be attributed to a combination of factors. Positive market sentiment, a strong financial performance, and favorable industry conditions have all played a role in propelling the stock's upward trajectory. Additionally, investor optimism regarding future growth prospects and potential expansion into new markets has further fueled the surge in stock price. Deckers' impressive financial performance is underscored by the significant growth in both revenue and net income. With a total revenue of $3.63 billion over the past year, representing a 15.34% increase compared to the previous year, and a net income growth of 14.35%, investors have ample reason to celebrate. The second quarter of the fiscal year witnessed even more staggering figures, with revenue growth of 61.6% and net income growth of 180.95% since the previous quarter. The company's earnings per share (EPS) figures tell a similar story of triumph, with an EPS of $19.37 over the past year, exhibiting a growth of 19.08% compared to the previous year. The second quarter of the fiscal year witnessed an EPS growth of 182.48% since the previous quarter. Deckers' success can be attributed to its prowess in the footwear and apparel industry, effective marketing strategies, expansion into new markets, and a strong brand presence. The positive investor response to Deckers' financial performance indicates not only current market strength but also bodes well for the company's future prospects. As investors celebrate the significant rise in Deckers' (NYSE: NYSE:DECK ) stock value, those contemplating an investment in the company should take note of its remarkable performance. However, as with any investment decision, thorough research and analysis are essential. Deckers (NYSE: NYSE:DECK ) Outdoor Corporation's journey to the top serves as a testament to the potential rewards that come with strategic vision, innovation, and a commitment to excellence in an ever-evolving market landscape.
NYSE:DECKLong
by DEXWireNews