Deckers had higher sales this past year than ever before, but it expects to set new records next year as well. The stock seems fairly valued given its high profitability and positive business trends.
Deckers Outdoor (DECK) shares skyrocketed over 13% to an all-time high in early trading Friday as the maker of fashion footwear blew away quarterly profit estimates on soaring demand for its Hoka and Ugg brand shoes.
Deckers Outdoor's stock has been on a tear since the beginning of last year, and is up about 35% this year, after rising 67% in 2023. In contrast, Nike has dropped 15% this year.
Deckers' (DECK) fourth-quarter results reflect strength in the HOKA ONE ONE and UGG brands and solid gains from DTC channels.
Shares of Deckers Outdoor jumped as much as 14% to breach the $1,000 mark for the first time on Friday, as the footwear company posted upbeat fourth-quarter results, riding on the popularity of UGG boots and Hoka sneakers among Americans.
Hoka sales of $533 million jump 34% from the previous year. Deckers Outdoor tops fourth-quarter earnings estimates.
Deckers Outdoor Corp.'s stock was rallying in premarket trading Friday after the owner of Ugg footwear and Hoka running shoes lifted its profit outlook and drew praise from a Wedbush analyst as “one of the fundamentally strongest names in our coverage.”
Deckers Outdoor Corporation (NYSE:DECK ) Q4 2024 Earnings Conference Call May 23, 2024 4:30 PM ET Company Participants Erinn Kohler - Vice President-IR and Corporate Planning Dave Powers - President and CEO Steve Fasching - CFO Stefano Caroti - Chief Commercial Officer Conference Call Participants Laurent Vasilescu - BNP Paribas Jay Sole - UBS John Kernan - TD Cowen Sam Poser - Williams Trading Janine Stichter - BTIG Jonathan Komp - Baird Operator Good afternoon and thank you for standing by. Welcome to the Deckers Brands Fourth Quarter Fiscal 2024 Earnings Conference Call.
Deckers (DECK) came out with quarterly earnings of $4.95 per share, beating the Zacks Consensus Estimate of $2.82 per share. This compares to earnings of $3.46 per share a year ago.
Deckers Outdoor Corp., maker of hit Hoka sneakers and in-again Ugg boots, zoomed past Wall Street's expectations for its fiscal fourth quarter, thanks to big sales gains for the two shoe brands, and the stock rallied more than 7% after hours.
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We have narrowed our search to five large-cap retail stocks that are poised to beat on earnings results this month. These are: TJX, TGT, WSM, DECK, DG.