Deckers Outdoor (NYSE:DECK) Issues Earnings Results, Beats Estimates By $0.35 EPS

Deckers Outdoor (NYSE:DECK) posted its quarterly earnings results on Thursday. The textile maker reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.35, Briefing.com reports. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company 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 Price Performance

Deckers Outdoor stock opened at $168.11 on Friday. Deckers Outdoor has a 1-year low of $80.67 and a 1-year high of $184.48. The company’s 50-day moving average is $105.11 and its 200 day moving average is $53.38. The firm has a market capitalization of $4.28 billion, a P/E ratio of 5.74, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

Insider Activity

In related news, CFO Steven J. Fasching sold 9,198 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at approximately $26,973,539.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Steven J. Fasching sold 9,198 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $166.67, for a total value of $1,533,030.66. Following the transaction, the chief financial officer now directly owns 161,838 shares in the company, valued at approximately $26,973,539.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David Powers sold 140,832 shares of Deckers Outdoor stock in a transaction dated 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 owns 2,450,808 shares of the company’s stock, valued at $58,756,760.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DECK shares. Wedbush reaffirmed an “outperform” rating and set a $28.61 target price on shares of Deckers Outdoor in a research note on Friday, July 26th. BTIG Research cut Deckers Outdoor from a “buy” rating to a “neutral” rating in a report on Tuesday, October 22nd. Bank of America boosted their target price on Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research report on Friday. Guggenheim assumed coverage on Deckers Outdoor in a research note on Wednesday, October 9th. They issued a “neutral” rating on the stock. Finally, TD Cowen upped their price objective on Deckers Outdoor from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Friday. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $149.50.

About Deckers Outdoor

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.