Deck pivot Deck has already had a nice pivot from the low and earnings are next week. After a quick analysis it looks like a buy to me. The stock has a strong history of revenue growth and decent operating cash flows. The balance sheet is very healthy as well. Deckers owns Hoka, Ugg, Teva and more popular brands. For a retail company, a 20% net margin is huge, this hows they have pricing power, and a brand moat. Net income has grown at a CAGR of 42% since 2017 which is insane.
My target is 234
DECK trade ideas
5/23/25 - $deck - A comment. Sidelines ATM.5/23/25 :: VROCKSTAR :: NYSE:DECK
A comment. Sidelines ATM.
- mgmt not providing FY guide is a problem in this environment because (serious) investors that don't own this thing will need to do more work to own it, those who own it might be forced to cut exposure (even if it's down here) and there's a general "what does mgmt know that we don't" overhang until, essentially, next quarter, maybe
- trump lobbing in a pre-market EU tariff threat doesn't help the tape and those that r already going low bid like this and that are discretionary. remember... economy is not "improving"... discretionary gets cut first (consider TGT's recent report... more discretionary vs. say WMT) and a brand that's not kicking butt (like NYSE:ONON ) will get cut/ resized in portfolios and weightings.
- is the stock objectively a buy here in the low $100s. yes.
- but now if the mkt rolls over, will this thing see low 90s or even attempt to fill the somewhat-recent oct 2023 gap in the low 80s? also I'd give that a 50-ish probability. and it's at that point, it's almost a no-brainer. so i'd not necessarily "wait" for that moment, but i'm not going to neck out here on a discretionary name that just reported disappointing results as the mkt has rallied and might give some back (and this would be a weak link/ low bid name)
- i'd look to bit in the low 90s and stack bags more aggressively w/ a 8-handle. otherwise i just let it pass. i like my concentrated exposure here. OTC:OBTC , NASDAQ:GAMB , NASDAQ:NXT , tsm and about 30% cash (and i have a reasonable amt of quantum shorts w longer dated expiry but not really worth mentioning in this post).
hope everyone has a nice long weekend. i guess this is "liberation" (from your money) round deux.
V
DECKERS Death Cross As they say, the trend is your friend. We are witnessing a very strong move down on Deckers, despite it's excellent growth in UGG and Hoka, sales are slowing as inventory has failed to meet demands. This a good problem as the company can fix their supply and demand equilibrium, the management are known for under promising and over delivering. I see Deckers as one of the best run trainer companies out there. They have no debt, a massive cash pile and one of the best management teams in the industry.
From a technical perspective, we have a confirmed death cross as the price has fallen below key daily moving averages. I am expecting a bounce to occur between $100-115, so I will not be entering until I see the reaction to key support areas. I expect support at the 200 week moving average and the golden pocket fib retracement. Historically this has proven to be a good time to enter the stock. As long Hoka and UGG continue to remain popular with consumers, and as long as we don't have a recession, this makes it a compelling story.
As tech continues to show weakness, I think Deckers offers a very attractive buy over the coming weeks. Keep an eye on this, especially if you're a long term investor looking to diversify your portfolio.
Not financial advice, do what's best for you.
3/13/25 - $deck - Rental book3/13/25 :: VROCKSTAR :: NYSE:DECK
Rental book
- ppl ditch their shoes and go homeless chic in a recession, right?
- look. of all the shoe names, this is the only one w the best growth, economics etc. etc.
- but what's probably SHTF 20% case low? 7-handle. instead of high $5s EPS, you probably end up near $5 and so instead of 20x PE you're at 15x (remember the mkt looks fwd, so you have higher EPS and multiple should re-rate). at that pt we're at $75.
- do i think we get there? no. i don't.
- is $100 possible? test of high $90s? sure.
- is the stock a buy here? yes
- do tariffs matter? yes
- so i've added it as a 3% size to my rental book. i am comfortable w these products. it's not an AI-risk issue. mgns and ROIC is solid.
- so Bot decent size here and am in the process of selling the $115C for june this yr at about 15 bucks. this allows me to breakeven if my $100 call is right. and i would love to own the stock there or below and re-rent or keep. and if we just run... that's about 11% yield for 3 mo of what i consider to be a fairly defensible biz and superior to cash and allows me to sit tight and lock away some likely low vol gains as the market chops on any whim of someone sneezing.
so. welcome to the rental book NYSE:DECK :)
V
2/24/25 - $deck - Mmm. Banana time, long.2/24/25 :: VROCKSTAR :: NYSE:DECK
Mmm. Banana time, long.
- first. let's give a thank you to mr. analyst at jefferies who's done his best and he decided "NKE was an upgrade to buy". this is what happens when you cover the elephant in the room, and your institutional bag holders keep forcing you to take a look. eventually you throw up your hands and say "it's a buy... hold it for a few years and you'll make $"
- FIRST OF ALL. we're in the business of making money today, tmr and ALSO in a few years.
- the name of the game is own the best horse.
- in shoes, that's $deck.
- and guess what, they're having a *laughs* going out of business sale today.
- so here i am. playing contrarian after taking the opposite side of what feels like everyone's bags in the last number of days. honestly. it's a bit tiring. but also, it's intellectually challenging. and that's what keeps me going.
- So i'm long this thing as a ST trade, even tho it's objectively a LT buy here at sub 24x PE and 4% fcf yield for a great mgmt team, best mgns in town and growth that spits at some of the best meme tech.
- long.
enjoy
V
2/12/25 - $deck - LT entry yes, but i'm waiting...2/12/25 :: VROCKSTAR :: NYSE:DECK
LT entry yes, but i'm waiting...
- i've been thru the "shoes" names, obviously the 800 lb gorilla NYSE:NKE which remains way too expensive nearly 30x PE for negative growth in this environment, down to NASDAQ:BIRD (which i no longer own bc it's just too nuanced/ complicated and not the right tape to clog up PnL w names) to everything in between.
- the in between we have stuff like NYSE:SKX , which probably does okay in a value driven world, but just pours and pours NYSE:S in marketing (b/c the brand, frankly is just not too exciting and needs that push), we have $onon... which is crushing things... and honestly continues to... but i can't do valuation anymore (i've been long this over the last years into prints)... to $birk... again wrong tape and not cheap... $crox... "cheap", throwing of tons of FCF, but brand and these partnerships are getting exhausted so growth is *maybe* +ve... but could even be -ve this year which the mkt doesn't forecast and would substantiate another leg lower if/when and i don't want to play that game.
- so there's $deck.
- the reasonably priced (mid 20x PE, 3.5% fcf yield, high teens growing) name that is well managed group of cool brands.
- i'd consider this one, the top of the "I'd buy it first, bid comes in first" shoe stock.
- but again, we are facing industry headwinds where we pulled forward a ton of demand in 4Q (industry-wide), perhaps #s need to be re-adjusted ST for '25, and where valuation isn't "screaming cheap".
- i'd guess an entry here in the $150s is probably a great LT own. if i managed profession money again, my risk committee required position sizing, industry diversification stuff (you know - the things that keep you from making real coin if you're actually good and show up on time and do the work)... then yes, this would be actually, a place to build a position (maybe sell some C's in the 1H to generate yield on what might ultimately be an upside-capped stock.
- but tape is tough. i've written in a comment on NASDAQ:NXT today extensively about how i'm sizing, thinking about current environment, notably how i think lower inflation ST is actually risk -ve, not the opposite, how the mkt doesn't seem to care/ hold the same view (and ST anything's possible)... which just leads me to higher cash. more patience and let's see. i don't need another line on my PnL unless it competes on some orthogonal basis for better alpha vs. CRYPTOCAP:BTC (thru OTC:OBTC which is 10% discounted), NASDAQ:NXT (energy), NYSE:UBER (platform/ not tariff exposed), NYSE:TSM (best "semi" growth/ mgns)... frankly we're just "not there" with NYSE:DECK in the $150s.
- i'm allowed to have a greedy entry given the above, so i have an alert at the $150 gap fill (from the previous results gap up in late Oct '24), to look again to see if tape/ context has changed on thinking but realistically i'd like to see a $130s before i can get excited. if/ when we do get a risk dump, i think this gets bid first. i don't think there's much downside from that level and perhaps can leverage it up a bit.
but to each his or her :) own... just spelling it out for if/when i have the docs to support a quick decision and don't need to remember my thoughts. that's why i'm doing this all... documenting thinking for myself. if you find it useful, great. but this is just for me, ultimately :)
be well. stay solvent. stay patient. oppties every day.
V
DECK to $200My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price in channel zones at bottom of channels (period 100 52 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative and under at bottom of Bollinger Band
Price at or near Fibonacci level
Entry at $171
Target is $200 or channel top
$DECK: Earnings Beat with Bullish Breakout on DeckDeckers Outdoor ( NYSE:DECK ) just closed at its 200-day moving average, forming a classic falling wedge ahead of its strong earnings beat and raised guidance. With massive short interest ready to cover, this stock is primed for an explosive breakout next week. My price targets are $177.67 and $184.48. Watch for momentum as shorts scramble to exit. Solid fundamentals and technicals aligning—time to pay attention.
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.
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.
5/23/24 - $deck - looks like a +ve setup into EPS print5/23/24 - vrockstar - NYSE:DECK - expensive but not a short, at >30x PE, 5% fcf yield. great brands, esp play across the affordability spectrum. don't have the NASDAQ:LULU curse per se is the point. NASDAQ:CROX is good omen, NYSE:ONON too etc. i'd be tempted to go long this into the print, but i'm currently focused on a few other swings and this seems like more of a distraction. let's see how it looks right before the close. the fact that this is up and robust in a down tape is also a big plus, someone knows. gl to the holders. i'll probably just be on the sidelines cheering you on.
DECK, NVDA - what am I missing?DECK, NVDA is flying up nicely (in FIAT terms), quite FOMO, however in a five year period both trying to stick with bitcoin. NVDA is even slightly better, but I can't actually own it, transfer it anywhere, send it, pay with it, etc. So now is not a good time for me to even buy NVDA, I think it is overrated just like DECK. Plus, in the upcoming cycle, it's going to have a very hard time with the hard meter. What will the next 5 years bring? I bet on bitcoin.
Start measuring value with the world's hardest asset - bitcoin (sats). Filter out a lot of the dirt and misinformation caused by monetary policy.
When you build a house, you don't use a rubber tape measure. Take the same approach to building your financial freedom. Study bitcoin.
DECK with rubber tape measure:
NVDA with rubber tape measure:
NVDA with hard tape measure:
Deckers Outdoor Corporation ($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.
DESCENDING TRIANGLEPossible M pattern forming that could be a shark as peak 2 is higher than peak 1/slightly.
Price is being pushed in to a vacuum at the nose of the triangle. This will break one way or the other.
At the resistance line today.
All triangles are neutral until broken.
Prior Cup pattern.
Earnings 10-23.
Strong stock that does well at earnings as a rule.
Never say never.
No recommendation.