Deckers Outdoor Corporation’s Stock Price Skyrockets to $166.81, Marking a Stellar 6.39% Increase

Deckers Outdoor Corporation (DECK)

166.81 USD +10.02 (+6.39%) Volume: 2.33M

Deckers Outdoor Corporation’s stock price soars to 166.81 USD, experiencing a significant trading session jump of +6.39% and a remarkable YTD increase of +49.73%, driven by a strong trading volume of 2.33M. Explore the factors propelling DECK’s exceptional market performance.

Latest developments on Deckers Outdoor Corporation

Deckers Outdoor (DECK) stock price surged by 5% today following strong earnings reports and a successful stock split. Baird analysts have recommended investors to ‘load up’ on Deckers shares as they continue to show promising growth potential. The company’s stock price has soared to $155.62, and Piper Sandler suggests selling On Holding AG to buy into Deckers due to their contrasting trends. Deckers shares have also experienced a significant increase after a profit forecast hike, driven by strong sales of brands like Hoka and UGG. With Wall Street still bullish on Deckers, the company remains a top choice for investors looking for long-term growth opportunities.

Deckers Outdoor Corporation on Smartkarma

Analysts at Baptista Research have been closely monitoring Deckers Outdoor Corporation’s performance and growth strategies. In their report titled “Deckers Outdoor Corporation: What Are Its Latest Brand and Market Expansion Strategies? – Major Drivers,” they highlight the company’s commendable revenue growth of 22% in the first quarter of fiscal 2025, reaching $825 million. The report also mentions the impressive improvement in gross margin to 56.9% and an 87% increase in diluted earnings per share to $4.52. Baptista Research aims to evaluate various factors influencing the company’s stock price and conduct an independent valuation using a Discounted Cash Flow methodology.

Furthermore, in another report by Baptista Research titled “Deckers Outdoor Corporation: These Are The 5 Fundamental Factors Driving Its Performance! – Financial Forecasts,” analysts point out Deckers Brands’ record revenue growth of 18% in the fourth quarter of fiscal 2024, nearly reaching $4.3 billion in annual revenue. The report also highlights a significant increase in gross margin by 530 basis points to 55.6% and a 51% rise in earnings per share to $29.16. These results are attributed to Deckers’ successful long-term strategies and the dedication of its employees towards achieving growth and profitability.

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 a positive long-term outlook based on its Smartkarma Smart Scores. With high scores in Growth and Resilience, Deckers is positioned for strong future expansion and the ability to withstand market challenges. Additionally, the company scores well in Momentum, indicating potential for continued success in the near future.

Although Deckers Outdoor scores lower in Value and Dividend, its overall outlook remains favorable due to its strong performance in other key areas. The company’s focus on designing and marketing footwear for men, women, and children, along with accessories, positions it well for continued growth and success in the market.

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.
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