Deckers Outdoor raised its annual profit forecast after beating first-quarter estimates on Thursday, betting on strong demand for the footwear and apparel firm's Hoka sneakers and UGG boots.
Deckers raises its profit forecast for the year and mentions ‘robust full-price demand' for its Hoka and Ugg brands.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
With both having a special niche in regard to footwear, let's see why now is a good time to buy Deckers Outdoor (DECK) and Skechers (SKX) stock.
Following some soft results from Nike, some have begun pointing to consumer weakness. However, these two companies have experienced quite the opposite.
Deckers (DECK) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Deckers' (DECK) first-quarter fiscal 2025 results are likely to reflect strength in the HOKA and UGG brands.
The latest trading day saw Deckers (DECK) settling at $871.24, representing a -1.76% change from its previous close.
Deckers (DECK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Deckers (DECK) presents a compelling investment opportunity due to its strong financial health, robust market performance and growth initiatives.
Zacks.com users have recently been watching Deckers (DECK) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.