Deckers Outdoor Corporation’s stock price soars to $904.65, marking a bullish 1.31% increase

Deckers Outdoor Corporation (DECK)

904.65 USD +11.71 (+1.31%) Volume: 0.64M

Deckers Outdoor Corporation’s stock price stands at an impressive 904.65 USD, marking an increase of +1.31% in the latest trading session and a significant YTD change of +35.34%, with a trading volume of 0.64M, reflecting its robust market performance.

Latest developments on Deckers Outdoor Corporation

Deckers Outdoor stock price movements today are influenced by the company’s strong performance in fiscal year 2024, with record-breaking sales of $4.2 billion driven by the popularity of their Hoka and Ugg brands. The recent fourth quarter earnings report exceeded expectations, with earnings per share of $4.95 and revenue of $959.8 million beating estimates. Analysts at Telsey Advisory Group have raised their earnings estimates for Deckers Outdoor, reflecting confidence in the company’s continued growth. Deckers’ stock has been on the rise as sales of Hoka sneakers continue to climb, positioning the company for further success in the market.

Deckers Outdoor Corporation on Smartkarma

Analysts at Baptista Research have recently published a bullish report on Deckers Outdoor, a global footwear and apparel major. Titled “Deckers Brands: Initiation of Coverage – Why Their DTC Strategy Will Blow Your Mind! – Major Drivers,” the report highlights the company’s strong fiscal third quarter for 2024. Despite recognizing risks and uncertainties that could impact future performance, Deckers Outdoor saw a 16% increase in total company revenue, reaching $1.56 billion, driven largely by full-price consumer demand.

A look at Deckers Outdoor Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Deckers Outdoor Corporation, a company that designs and markets footwear and accessories, has received high scores in Growth and Resilience according to Smartkarma Smart Scores. With a Growth score of 4 and a Resilience score of 5, the company seems to be well-positioned for long-term success. Deckers’ focus on expanding its product offerings and adapting to market changes has contributed to its positive outlook in terms of growth potential and ability to withstand economic uncertainties.

Although Deckers Outdoor scored lower in Value and Dividend, with scores of 2 and 1 respectively, its strong Momentum score of 5 suggests that the company is currently experiencing positive market trends. Overall, Deckers Outdoor‘s emphasis on innovation and resilience bodes well for its long-term prospects, indicating that it may continue to thrive in the competitive footwear and accessories industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma