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

Deckers Outdoor (NYSE:DECK) posted its earnings results on Thursday. The textile maker reported $4.52 earnings per share for the quarter, topping the consensus estimate of $3.59 by $0.93, Briefing.com reports. Deckers Outdoor had a return on equity of 40.89% and a net margin of 18.45%. The firm had revenue of $825.30 million during the quarter, compared to analyst estimates of $808.40 million. During the same period in the previous year, the company earned $2.41 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. 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 Stock Performance

Shares of NYSE DECK traded up $53.20 during midday trading on Friday, reaching $894.70. 1,302,823 shares of the company traded hands, compared to its average volume of 371,790. The stock’s 50-day simple moving average is $970.62 and its 200-day simple moving average is $890.03. Deckers Outdoor has a 12 month low of $484.02 and a 12 month high of $1,106.89. The firm has a market cap of $22.73 billion, a PE ratio of 30.55, a PEG ratio of 2.79 and a beta of 1.06.

Deckers Outdoor shares are going to split on the morning of Tuesday, September 17th. The 6-1 split was announced on Tuesday, September 17th. The newly minted shares will be issued to shareholders after the market closes on Tuesday, September 17th.

Insider Activity at Deckers Outdoor

In other Deckers Outdoor news, insider Thomas Garcia sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $1,074.86, for a total transaction of $4,299,440.00. Following the completion of the sale, the insider now directly owns 11,654 shares of the company’s stock, valued at approximately $12,526,418.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Michael F. Devine III sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $1,077.00, for a total value of $2,154,000.00. Following the sale, the director now directly owns 6,204 shares in the company, valued at $6,681,708. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Garcia sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $1,074.86, for a total value of $4,299,440.00. Following the completion of the sale, the insider now owns 11,654 shares in the company, valued at approximately $12,526,418.44. The disclosure for this sale can be found here. Insiders 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.

Wall Street Analyst Weigh In

DECK has been the topic of a number of research analyst reports. Wedbush reiterated an “outperform” rating and issued a $1,030.00 target price on shares of Deckers Outdoor in a research note on Friday. TD Cowen lifted their price objective on Deckers Outdoor from $1,039.00 to $1,055.00 and gave the stock a “buy” rating in a research note on Friday. Citigroup increased their target price on Deckers Outdoor from $835.00 to $920.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. KeyCorp raised their price objective on shares of Deckers Outdoor from $960.00 to $1,015.00 and gave the stock an “overweight” rating in a research note on Friday, May 24th. Finally, Barclays increased their price target on shares of Deckers Outdoor from $1,089.00 to $1,090.00 and gave the company an “overweight” rating in a report on Friday. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.