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

Deckers Outdoor (NYSE:DECK) released its earnings results on Thursday. The textile maker reported $4.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.59 by $0.93, Briefing.com reports. Deckers Outdoor had a net margin of 17.69% and a return on equity of 38.85%. The company had revenue of $825.30 million for the quarter, compared to analysts’ expectations of $808.40 million. During the same quarter in the previous year, the company earned $2.41 EPS. Deckers Outdoor’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 Down 0.5 %

Shares of NYSE DECK opened at $842.14 on Friday. The business has a fifty day simple moving average of $970.49 and a two-hundred day simple moving average of $888.57. The firm has a market cap of $21.40 billion, a PE ratio of 28.75, a price-to-earnings-growth ratio of 2.81 and a beta of 1.06. Deckers Outdoor has a twelve month low of $484.02 and a twelve month high of $1,106.89.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on DECK shares. Stifel Nicolaus lifted their target price on shares of Deckers Outdoor from $775.00 to $825.00 and gave the company a “hold” rating in a research note on Friday, May 24th. UBS Group boosted their price target on shares of Deckers Outdoor from $1,150.00 to $1,265.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price objective on shares of Deckers Outdoor in a research report on Friday, July 19th. Barclays decreased their target price on Deckers Outdoor from $1,110.00 to $1,026.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 21st. Finally, Wells Fargo & Company increased their price target on Deckers Outdoor from $775.00 to $1,000.00 and gave the company an “equal weight” rating in a research note on Friday, May 24th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,022.81.

Insider Buying and Selling at Deckers Outdoor

In other news, Director Michael F. Devine III sold 2,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now directly owns 6,204 shares of the company’s stock, valued at approximately $6,681,708. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Angela Ogbechie sold 153 shares of the company’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $1,077.93, for a total transaction of $164,923.29. Following the transaction, the insider now directly owns 3,779 shares of the company’s stock, valued at approximately $4,073,497.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael F. Devine III sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $1,077.00, for a total value of $2,154,000.00. Following the transaction, the director now directly owns 6,204 shares in the company, valued at $6,681,708. The disclosure for this sale can be found here. Insiders sold a total of 22,108 shares of company stock valued at $23,919,671 in the last ninety days. Corporate insiders own 0.70% of the company’s stock.

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.