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Deckers Trading Above 200 & 50-Day SMA: An Opportunity for Investors?
ZACKS· 2024-11-21 15:15
Core Viewpoint - Deckers Outdoor Corporation (DECK) is experiencing strong upward momentum in its stock performance, trading above key moving averages, indicating positive market sentiment and investor confidence in its financial health and growth prospects [1][2]. Financial Performance - DECK's stock closed at $176.36, above its 200-day and 50-day simple moving averages of $154.65 and $162.56, respectively, reflecting a continued uptrend [2]. - The stock has increased by 66.1% over the past year, significantly outperforming the Zacks Retail-Apparel and Shoes industry's growth of 16.8% [4]. - The company expects total revenues to rise by approximately 12% to reach $4.8 billion in fiscal 2025, an increase from the previous forecast of $4.7 billion [14]. - Analysts have raised the consensus estimate for earnings per share to $5.47 for the current fiscal year, reflecting a positive outlook [16]. Brand Performance - HOKA and UGG brands have shown impressive sales growth, with HOKA increasing by 34.7% and UGG by 13% in the second quarter of fiscal 2025 [9]. - The direct-to-consumer (DTC) segment achieved a 19.9% increase in net sales to $397.7 million, with comparable net sales growing by 17% [10]. - International sales surged by 33% year over year in the second quarter, highlighting the success of both brands in global markets [11]. Wholesale Channel - The wholesale segment contributed significantly to overall revenues, with a 20.2% year-over-year increase to $913.7 million [12]. - HOKA's wholesale revenues grew by 33%, while UGG's increased by 14%, indicating strong brand performance in this channel [13]. Strategic Initiatives - Deckers is focusing on product innovation and international market expansion, which have been critical to its growth strategy [5][7]. - The company is enhancing its digital capabilities and omnichannel presence to improve customer experiences and brand accessibility [10].
Deckers Stock Gains 69% in a Year: What's Next for Investors?
ZACKS· 2024-11-12 14:45
Core Viewpoint - Deckers Outdoor Corporation (DECK) has demonstrated significant stock performance, with a 69% increase over the past year, outperforming the Zacks Retail-Apparel and Shoes industry, which grew by 25.3% [1][2]. Group 1: Financial Performance - DECK's stock closed at $177.08, approaching its 52-week high of $184.48 reached on June 3, 2024 [2]. - The company anticipates total revenues to rise approximately 12% to $4.8 billion in fiscal 2025, with HOKA expected to grow around 24% and UGG projected to see mid-single-digit growth [10]. - The gross margin is forecasted to be in the range of 55-55.5%, an increase from the previous estimate of 54% [11]. - Management projects earnings to be in the range of $5.15-$5.25 per share, up from $4.86 reported last year [11]. Group 2: Sales Growth - HOKA and UGG brands achieved sales increases of 34.7% and 13%, respectively, in the second quarter of fiscal 2025 [5]. - Direct-to-consumer (DTC) net sales increased by 19.9% to $397.7 million, with DTC comparable net sales growing 17% in the second quarter [6]. - Wholesale revenues grew 20.2% year over year to $913.7 million in the second quarter [8]. - International sales surged 33% year over year in the second quarter, highlighting the success of UGG and HOKA in global markets [9]. Group 3: Strategic Initiatives - Deckers is focusing on expanding its brand presence and strengthening DTC channels, which has contributed to its impressive growth [1][5]. - The company is actively working to elevate HOKA into a multibillion-dollar brand while reinforcing UGG as a global lifestyle brand [5]. - Investments in digital capabilities and enhancing omnichannel presence are creating seamless customer experiences and expanding brand accessibility [6]. Group 4: Market Sentiment - DECK is currently trading above both its 200-day and 50-day simple moving averages, indicating price stability and long-term bullish trends [3][14]. - Analysts have positively revised earnings estimates for DECK, with the consensus estimate for the current fiscal year pegged at $5.45 per share, reflecting optimism about the company's prospects [12][15].
New Strong Buy Stocks for November 12th
ZACKS· 2024-11-12 12:40
Group 1 - Grupo Financiero Galicia S.A. (GGAL) has seen an 8.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Gold Fields Limited (GFI) has experienced a 9.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Fulcrum Therapeutics, Inc. (FULC) has seen a significant 39.1% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Deckers Outdoor Corporation (DECK) has experienced a 4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - New Gold Inc. (NGD) has seen a 30.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]
德克斯户外:Q2业绩超预期,终端需求强劲
INDUSTRIAL SECURITIES· 2024-11-10 05:35
Investment Rating - The report does not provide a specific investment rating for the company [4][6]. Core Insights - The company reported a strong Q2 performance with revenue growth of 20.1% year-over-year to $1.31 billion and net profit growth of 35.7% to $240 million [4]. - Strong terminal demand and balanced growth in wholesale and DTC channels contributed to the revenue increase [4]. - Domestic and international revenues grew by 23.0% and 20.8%, reaching $850 million and $460 million, respectively [4]. - The company’s brands, including UGG and HOKA, showed varied performance, with HOKA experiencing a significant revenue increase of 34.7% [4]. - The gross margin improved by 2.5 percentage points to 55.9%, driven by higher sales of high-margin products [4]. Financial Data Summary - **Revenue**: - FY2021: $2,546 million - FY2022: $3,150 million (19.4% growth) - FY2023: $3,627 million (15.1% growth) - FY2024: $4,288 million (18.2% growth) [3] - **Net Profit**: - FY2021: $383 million - FY2022: $452 million (38.5% growth) - FY2023: $517 million (14.4% growth) - FY2024: $760 million (47.0% growth) [3] - **Gross Margin**: - FY2021: 54.0% - FY2022: 51.0% - FY2023: 50.3% - FY2024: 55.6% [3] - **Net Margin**: - FY2021: 15.0% - FY2022: 14.3% - FY2023: 14.2% - FY2024: 17.7% [3] - **Return on Equity (ROE)**: - FY2021: 29.6% - FY2022: 30.3% - FY2023: 31.3% - FY2024: 39.2% [3] - **Earnings per Share (EPS)**: - FY2021: $13.64 - FY2022: $16.43 - FY2023: $19.50 - FY2024: $29.36 [3] Market Data - Closing Price: $162.26 - Total Shares Outstanding: 152 million - Net Assets: $2,223 million - Total Assets: $3,398 million - Book Value per Share: $14.63 [2]
Is Deckers' 16% Gain in 3 Months a Signal to Buy DECK Stock Now?
ZACKS· 2024-11-08 21:01
Core Viewpoint - Deckers Outdoor Corporation (DECK) has experienced a significant stock price increase of 15.5% over the past three months, outperforming the Retail - Apparel and Shoes industry, which saw only a 1% rise [1][2]. Financial Performance - Deckers reported a 20.1% year-over-year increase in net sales for the second quarter of fiscal 2025, with gross margin expanding by 250 basis points to 55.9% [6]. - Earnings per share rose by 39%, indicating effective brand leverage and cost efficiency [6]. - The company anticipates a 12% increase in fiscal 2025 net sales, projecting revenues to reach $4.8 billion, with HOKA expected to grow by approximately 24% [10]. Brand Performance - HOKA has emerged as a key growth driver, with revenues surpassing $2 billion over the trailing 12 months, supported by a dual-channel strategy [7]. - UGG also contributed significantly, achieving 13% growth in the first half of fiscal 2025, aided by collaborations and seasonal styles [8]. Market Strategy - Deckers has focused on expanding its direct-to-consumer channels and international market presence, particularly in Asia-Pacific, resulting in a 22% revenue increase globally in the first half of fiscal 2025 [9]. - The company's strategic initiatives include product innovation and consumer-first approaches, which are expected to sustain its growth trajectory [10]. Analyst Outlook - Wall Street analysts have raised earnings per share estimates for Deckers, with a 3.2% increase for the current fiscal year and a 5% increase for the next fiscal year [11]. - Deckers is trading at a forward P/E ratio of 29.19, higher than the industry average of 15.67, reflecting strong fundamentals and growth potential [12]. Investment Consideration - The combination of a robust brand portfolio, financial strength, and strategic initiatives positions Deckers as an attractive investment opportunity [14].
3 More Stocks to Buy Before the Election Chaos
Investor Place· 2024-11-03 17:00
Investment Strategies - The story of Charles E. Marsh and Sid Richardson illustrates the effectiveness of investing alongside experts, leading to significant financial success [1][2][3] - The "coattail" investing strategy remains relevant today, with investments in successful firms like Berkshire Hathaway yielding substantial returns [4] Meta Platforms Inc. (META) - Meta launched a new generation of smart glasses in 2023, which have received positive reviews for their AI capabilities, particularly among vision-impaired users [7][8] - The company has invested heavily in AI infrastructure, becoming one of the top five U.S. spenders in this area, which supports the functionality of its products [9] - Meta's recent fiscal Q3 earnings exceeded expectations, with a 19% increase in advertising revenues, indicating strong market performance [14][15] - The stock is viewed as having further upside potential, trading at historically average price-to-earnings ratios despite a recent 50% increase in share price [15][18] Ericsson (ERIC) - Ericsson reported a 75% growth in North American wireless network revenues in Q3, indicating a strong recovery in the 5G market [11][12] - The MoneyFlow system rates Ericsson highly, suggesting continued gains ahead due to increasing demand for 5G infrastructure [11][12] Deckers Outdoor Corp. (DECK) - Deckers has seen a 35% increase in Hoka brand sales, contributing to record highs in its stock price [21][22] - The MoneyFlow system indicates strong institutional interest in Deckers, with a score of 76.5, and analysts have raised earnings estimates for fiscal 2026 by nearly 20% [22] - Despite recent successes, the company faces challenges with other brands, suggesting a need for caution in long-term investment [23]
Up 1,000% Over the Past 10 Years, Can This Stock Continue to Climb Higher?
The Motley Fool· 2024-11-02 15:21
Core Insights - Deckers Brands has experienced significant momentum, with a stock increase of 75% over the past year, primarily driven by the HOKA brand [1][2] - The company reported strong earnings results and raised its guidance, indicating continued growth potential [2] Financial Performance - Deckers' overall revenue increased by 20% to $1.31 billion, with earnings per share (EPS) rising 39% to $1.59, surpassing analysts' estimates [6] - Domestic sales rose 14% to $853.9 million, while international sales climbed 33% to $457.4 million [6] - Gross margin improved by 250 basis points to 55.9%, attributed to a higher mix of HOKA sales and higher-margin UGG products [8] Brand Performance - HOKA revenue surged 35% year over year to $570.9 million, surpassing $2 billion in annual revenue, with strong growth from popular models like Clifton and Bondi [3][4] - UGG sales rose 13% year over year to $689.9 million, driven by new seasonal colors and effective inventory management [5] Market Strategy - Deckers is expanding HOKA into adjacent categories beyond running, such as trail and lifestyle, while also upgrading popular styles [10] - The company is increasing its retail presence in major international cities, enhancing brand awareness [4] Future Outlook - Deckers projects full-year sales growth of 12% to $4.8 billion, with an expected gross margin between 55% and 55.5% [9] - EPS is projected to be in the range of $5.15 to $5.25, reflecting a positive outlook following a recent stock split [9] Valuation - Deckers stock trades at a forward price-to-earnings (P/E) multiple of 27, which is competitive compared to Nike and On Holding [11][12] - The company has a strong balance sheet with $1.23 billion in cash and no debt, providing flexibility for growth investments or stock buybacks [8]
3 Hypergrowth Stocks That Could Make You a Ton of Money
The Motley Fool· 2024-11-02 12:00
Group 1: e.l.f. Beauty - e.l.f. Beauty is rapidly gaining market share in the beauty industry, moving from No. 5 to No. 2 in dollar share for color cosmetics [3][5] - The company reported a 50% year-over-year sales increase in Q1, but expects growth to decelerate to about 26% for the full year [6] - International sales increased by 91% year-over-year, indicating strong potential for future growth [5] Group 2: Toast - Toast is a leading restaurant management software provider with a 29% year-over-year increase in the number of locations using its product, totaling 120,000 [9] - The company is experiencing strong momentum, with gross payment volume and revenue increasing alongside growing net income [9][10] - Toast's stock trades at a price-to-sales ratio of 3.8, which is considered attractive for a software business [11] Group 3: Deckers Outdoor - Deckers Outdoor has seen its stock price increase nearly 600% over the last five years, driven by the success of its Hoka and Ugg brands [12][13] - The company reported a 20% revenue increase to $1.31 billion in its recent fiscal Q2 earnings report, with earnings per share jumping 39% [13] - Deckers maintains impressive margins, with a gross margin of 55.9% and an operating margin of 23%, outperforming major competitors [15][16]
Deckers(DECK) - 2025 Q2 - Quarterly Report
2024-10-31 15:40
Financial Performance - Net sales for the three months ended September 30, 2024, were $1,311,320, an increase of 20.1% compared to $1,091,907 for the same period in 2023[13] - Gross profit for the three months ended September 30, 2024, was $733,272, representing a gross margin of approximately 55.8%, up from $583,019 in the prior year[13] - Income from operations for the three months ended September 30, 2024, was $305,086, a 36% increase from $224,617 in the same period last year[13] - Net income for the three months ended September 30, 2024, was $242,321, compared to $178,547 for the same period in 2023, reflecting a year-over-year growth of 35.7%[13] - Net income for the six months ended September 30, 2024, was $357,946,000, compared to $242,099,000 for the same period in 2023, representing a 48% increase[19] - Diluted earnings per share rose by 51.9% to $2.34 per share[98] - Total comprehensive income increased by 57.5% to $364,921 compared to $231,683 in the prior period[138] Assets and Liabilities - Total current assets as of September 30, 2024, were $2,701,294, an increase from $2,443,483 as of March 31, 2024[11] - Total assets increased to $3,398,136 as of September 30, 2024, compared to $3,135,579 as of March 31, 2024[11] - Total current liabilities rose to $875,640 as of September 30, 2024, from $719,993 as of March 31, 2024[11] - Stockholders' equity increased to $2,223,239 as of September 30, 2024, compared to $2,107,468 as of March 31, 2024[11] - Cash and cash equivalents at the end of the period were $1,225,681,000, compared to $823,051,000 at the end of September 30, 2023, reflecting a 49% increase[21] Stock and Shareholder Actions - The company executed a six-for-one forward stock split of its common stock on September 13, 2024, with trading commencing on a post-split basis on September 17, 2024[9] - The company approved the 2024 Stock Incentive Plan, intended to replace the 2015 SIP, to encourage ownership among key personnel essential to the company's success[59] - The 2024 Stock Incentive Plan (SIP) reserves 7,800,000 shares for issuance, with a maximum of 4,500,000 shares available for Incentive Stock Options (ISOs) under the plan[60][62] - The stock repurchase program has an aggregate remaining approved amount of $685,413,000 as of September 30, 2024, with 1,747,680 shares repurchased at a weighted average price of $146.65 during the six months ended September 30, 2024[76][77] Operational Highlights - The company has five reportable operating segments, including UGG, HOKA, Teva, Other brands, and DTC, as of September 30, 2024[34] - The company reported a total of 178 global retail stores as of September 30, 2024, including 139 UGG brand stores and 39 HOKA brand stores[111] - HOKA brand total sales reached $570,896, reflecting a 34.7% increase compared to $423,961 in the prior year[118] - Direct-to-Consumer (DTC) net sales for HOKA and UGG brands increased by 19.9% to $397,667 from $331,733[120] Expenses and Cash Flow - Operating activities generated net cash of $22,100,000 for the six months ended September 30, 2024, down from $121,528,000 in the same period of 2023[19] - The company recorded a depreciation, amortization, and accretion expense of $33,750,000 for the six months ended September 30, 2024, compared to $25,138,000 in 2023, marking a 34% increase[19] - Cash paid for income taxes during the six months ended September 30, 2024, was $90,833,000, compared to $47,150,000 in the same period of 2023, reflecting a 93% increase[21] - The company experienced unfavorable changes in operating assets and liabilities amounting to $233,409, primarily due to higher inventory purchases and lower trade accounts payable[170] Market and Strategic Developments - The company expects to see a decrease in the impact of seasonality over time as it diversifies its product offerings and increases net sales of the HOKA brand, which has a more even sales distribution throughout the year[25] - The divestiture of the Sanuk brand was completed on August 15, 2024, but it did not represent a strategic shift that significantly affected the company's consolidated results[35] - The transition of CEO from Dave Powers to Stefano Caroti is effective August 1, 2024, following a planned succession process[99] Accounting and Compliance - The company adopted ASU 2022-04 regarding supplier finance programs, which did not have a material impact on its financial statements but resulted in additional disclosures[37] - The company is evaluating the impact of ASU 2023-07 on its disclosures related to reportable segment expenses, effective for fiscal years beginning after December 15, 2023[38] - The company believes its accounting estimates and assumptions are appropriate, but actual results could differ materially due to various macroeconomic factors[31]
德克斯户外:显著的财务增长与战略进展
Investment Rating - The report assigns a positive investment rating to Deckers Outdoor (DECK) based on its significant financial growth and strategic progress [1]. Core Insights - The company achieved substantial financial growth in Q2 of FY2025, with revenue increasing by 20% to $1.3 billion and diluted earnings per share rising by 39% to $1.59, exceeding consensus expectations of $1.23 [1]. - The strong performance is attributed to the robust market presence of its two major brands, HOKA and UGG, which saw revenue growth of 35% and 13% respectively [1]. - The company has raised its revenue growth forecast for FY2025 to approximately 12%, expecting total revenue to reach $4.8 billion, driven by a projected 24% increase in HOKA sales [1][2]. Financial Overview - For FY2025, the company reported a revenue of $4.891 billion, reflecting a 14% increase from the previous year, with net profit expected to reach $838 million [4]. - The diluted earnings per share are projected to rise to between $5.15 and $5.25, indicating strong confidence in the product mix and market strategy [2][4]. - The gross margin is anticipated to improve to between 55% and 55.5%, with an operating profit margin expected around 20% to 20.5% [1]. Brand Performance - HOKA brand revenue surged by 35% to $1.807 billion, while UGG brand revenue increased by 13% to $2.239 billion, both surpassing consensus expectations [1]. - The company’s direct-to-consumer (DTC) channel revenue grew by 22% year-over-year, with HOKA contributing significantly to this growth [1]. - The wholesale channel also saw a 20% global revenue increase, with HOKA and UGG brands driving notable growth in this segment [1]. Strategic Execution - The company continues to invest in product innovation and global market expansion, enhancing brand awareness and market share [3]. - HOKA's new product launches and UGG's seasonal offerings are expected to attract global consumers, supporting ongoing growth [1][3].