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

Deckers Outdoor (NYSE:DECK) released its earnings results on Thursday. The textile maker reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.37, Briefing.com reports. Deckers Outdoor had a return on equity of 40.52% and a net margin of 18.45%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue was up 20.1% compared to the same quarter last year. 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

DECK traded up $15.46 during trading hours on Friday, reaching $167.50. The company’s stock had a trading volume of 6,733,618 shares, compared to its average volume of 2,261,199. The business’s 50-day moving average is $102.28 and its 200-day moving average is $52.18. The stock has a market cap of $4.26 billion, a PE ratio of 5.72, a P/E/G ratio of 2.85 and a beta of 1.05. Deckers Outdoor has a fifty-two week low of $80.67 and a fifty-two week high of $184.48.

Insider Activity

In other Deckers Outdoor news, 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 completion of the sale, the director now directly owns 2,450,808 shares in the company, valued at $58,756,760.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Deckers Outdoor news, CFO Steven J. Fasching sold 9,198 shares of Deckers Outdoor stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $166.67, for a total value of $1,533,030.66. Following the completion of the transaction, the chief financial officer now directly owns 161,838 shares of the company’s stock, valued at $26,973,539.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Powers sold 140,832 shares of the stock in a transaction dated Friday, September 6th. The stock was 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 in the company, valued at $58,756,760.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. KeyCorp lifted their price target on Deckers Outdoor from $180.00 to $190.00 and gave the company an “overweight” rating in a research report on Friday. Wedbush restated an “outperform” rating and issued a $28.61 price objective on shares of Deckers Outdoor in a research report on Friday, July 26th. StockNews.com lowered Deckers Outdoor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 25th. UBS Group raised their target price on Deckers Outdoor from $225.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Bank of America boosted their price target on Deckers Outdoor from $170.00 to $182.00 and gave the stock a “neutral” rating in a research report on Friday. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.12.

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.